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6 days ago | 
intrinsicvalue.beehiiv.com | Shawn O'Malley
Some investments are elegant. Compounders with powerful advantages, aka âmoats,â that grow their earnings per share consistently over time. Others are opportunistic, not necessarily attractive companies on their own, but which might be trading at prices that do make them attractive. Anyone considering investing in todayâs pick with sober eyes would probably recognize that it falls more squarely in the latter category.
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2 weeks ago | 
intrinsicvalue.beehiiv.com | Shawn O'Malley
How often are Berkshire Hathaway and Cathie Wood invested in the same thing? Today, weāll be telling the story of one such company: Nubank, going through its incredible growth, still promising prospects, and trying to reconcile what it means for the companyās valuation.
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1 month ago | 
intrinsicvalue.beehiiv.com | Shawn O'Malley
In a world where anyone can sell anything to anyone, Shopify might be the most important company you’ve never thought much about. It’s not just the website builder for millions of merchants; it’s the scaffolding behind the global shift in how products are sold, brands are born, and ideas are commercialized.
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1 month ago | 
intrinsicvalue.beehiiv.com | Shawn O'Malley
The world has changed a lot in 30 years. Landlines to iPhones, Sega consoles to the metaverse, cable to streaming; you get the idea. Technologically, the world around us is vastly different from the 1990s. We still donāt have flying cars, a cure for cancer, or colonies on Mars, but weāve come a long way.
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2 months ago | 
intrinsicvalue.beehiiv.com | Shawn O'Malley
Uber needs no introduction. Weāve all used it, we all probably have our gripes with it, and yet, it has fundamentally changed the modern world. A few weeks ago, in our newsletter on Airbnb, I joked that Uber convinced the world to ride in strangersā cars, and Airbnb convinced them to sleep in strangersā homes.
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Mar 9, 2025 | 
intrinsicvalue.beehiiv.com | Shawn O'Malley
Iâve got a fun one for ya today, folks: Silicon Valley meets hospitality, the hotel industryâs worst nightmare â Airbnb đĄ If you contributed to any of the nearly 500 million nights booked on Airbnb in 2024, youâll know the platform well. Airbnb is a pillar of the âsharing economyâ and has changed the world enough to have its name become an all-encapsulating word like Google or Kleenex.
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Mar 3, 2025 | 
intrinsicvalue.beehiiv.com | Shawn O'Malley
This week, Iâm diving into one of the few SPACs from the 2020-era Lollapalooza in financial markets that has actually worked out: a fast-growing alternative asset manager humbly named Blue Owl that, perhaps, has its eyes set on being the next Blackstone? At scale, the asset management business can have very, very attractive economics.
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Feb 23, 2025 | 
intrinsicvalue.beehiiv.com | Shawn O'Malley
Imagine owning a toll road on one of the three major bridges connecting Canada with the U.S. via Michigan. Such a road would be a critical piece of infrastructure, linking the worldâs biggest economy with its resource-rich neighbor to the north. From a business perspective, once the bridge is built, the operations would be extremely profitable.
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Feb 16, 2025 | 
intrinsicvalue.beehiiv.com | Shawn O'Malley
There are a lot of things companies can do with their money. Give employees a raise? Sure. Invest in a new warehouse? Definitely. Issue dividends to shareholders? Encouraged. But one of the more befuddling uses of corporate cash to outside observers is when companies go out into the open market, buy shares of their own stock, and then āretireā them. The effect of this bizarre transaction?
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Feb 10, 2025 | 
intrinsicvalue.beehiiv.com | Shawn O'Malley
Conscious Capitalism goes back decades, most notably to Whole Foods co-founder John Mackey. Mackey has long championed the idea that business is about much more than just creating āvalueā for shareholders. To zealots of Conscious Capitalism, profits are a natural byproduct of a company succeeding at its mission, but thereās nothing noble in pursuing profit without a greater purpose.
