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TIP728: MASTERMIND Q2, 2025: MICROSOFT, BLOCK, DEVON ENERGY, ADYEN
W/ STIG BRODERSEN, TOBIAS CARLISLE, AND HARI RAMACHANDRA
07 June 2025
In today’s episode, Stig Brodersen is talking stocks with Tobias Carlisle and Hari Ramachandra. Stig’s pick is Microsoft, the world’s biggest market cap company for good reason. Tobias is pitching Devon Energy, an oil and gas producer with a big upside if you’re right about the timing. Hari’s stocks of choice are Adyen and Block, two fast-growing companies with stronger moats that meet the eye.
SUBSCRIBE
IN THIS EPISODE, YOU’LL LEARN:
- Why Toby is bullish on Devon Energy (Ticker on NYSE: DVN).
- The bear case of Devon Energy, including the debt level and share issuance.
- Stig’s bull case is for Microsoft (Ticker on NASDAQ: MSFT).
- The bear case for Microsoft, including the rich valuation.
- Why Hari is bullish on Block and Adyen (Ticker on NYSE: XYZ and on Euronext: ADYEN).
- The bear case for Block and Adyen, including valuation and disruption.
- What the TIP Mastermind Community is and how we’re forming meaningful relationships.
TRANSCRIPT
Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.
[00:00:00] Stig Brodersen: I always look forward to recording mastermind episodes with my friends Tobias Carlisle and Hari Ramachandra. If you’re not familiar with the format, it’s when we once a quarter puts a stuck to the group and discuss both the bull and the bear cases. We cover a lot of ground. In this episode, my pick is Microsoft, and at the time of recording, it’s the biggest market cap company in the world, and we discuss if we completely missed the boat, or perhaps there’s more to the story than meets the eye. Tobias’s pick is a true value investing stock trading at only seven times earnings Devon energy.
[00:00:33] Stig Brodersen: And if you’re right about the timing, you’re looking at a huge upside. Hari is pitching not only one stock, but two in this episode. And we’ll shortly jump right into it. But before we do, I want to remind you to stick around for the second part of this episode when my co-host Clay Finck and I discuss our upcoming TIP summit.
[00:00:51] Stig Brodersen: Our summit this year is an in-person event in Big Sky, Montana. Only 30 spots available. The premise is to network with like-minded value, investors, share ideas, create meaningful relationships, and of course, enjoy delicious food in a wonderful setting.
[00:01:09] Intro: Since 2014 and through more than 180 million downloads, we’ve studied the financial markets and read the books that influenced self-made billionaires the most. We keep you informed and prepared for the unexpected. Now for your host, Stig Brodersen.
[00:01:34] Stig Brodersen: Welcome to The Investor’s Podcast. I’m your host, Stig Brodersen. And today, as always, I’m here with Hari and Toby. How are you today, gents?
[00:01:43] Hari Ramachandra: Hey, Stig and Toby, good to see you both as usual show. I’m doing good.
[00:01:48] Tobias Carlisle: Good to see you, Stig. Good to see you, Hari. Good to be back.
[00:01:51] Stig Brodersen: So, as always, we’re drawing straws.
[00:01:53] Stig Brodersen: Actually, I, I usually just put Toby and Hari on the spot, and then there was like awkward silence before we hit record. And then someone says, okay, I’ll go first. So today Hari was the one who budged. So Hari, you’ll go first with not just one, but two picks.
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BOOKS AND RESOURCES
- Join Clay and a select group of passionate value investors for a retreat in Big Sky, Montana. Learn more here.
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Stig Brodersen’s Portfolio and Track record.
- Listen to Mastermind Discussion Q1, 2025 or watch the video.
- Listen to Mastermind Discussion Q4, 2024 or watch the video.
- Listen to Mastermind Discussion Q3, 2024 or watch the video.
- Listen to Mastermind Discussion Q2, 2024 or watch the video.
- Tune in to the Mastermind Discussion Q1, 2024 or watch the video.
- Listen to Mastermind Discussion Q4, 2023 or watch the video.
- Tune in to the Mastermind Discussion Q3, 2023 or watch the video.
- Listen to Mastermind Discussion Q2, 2023 or watch the video.
- Bill Gates’ autobiography, Source Code – read reviews of this book.
- Stig and Preston book review of Paul Allen’s book, Idea Man.
- Tobias Carlisle’s podcast, The Acquirers Podcast.
- Tobias Carlisle’s ETF, ZIG.
- Tobias Carlisle’s ETF, Deep.
- Tobias Carlisle’s book, The Acquirer’s Multiple – read reviews of this book.
- Tobias Carlisle’s Acquirer’s Multiple stock screener: AcquirersMultiple.com
- Check out all the books mentioned and discussed in our podcast episodes here.
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