In today's episode, Stig Brodersen speaks to Tobias Carlisle about why Alibaba and US homebuilders are where you can find value in today’s market.&nbsp;&nbsp; IN THIS EPISODE, YOU'LL LEARN:<ul><li>(00:01:47) Why does Tobias Carlisle see value in PulteGroup and homebuilders&nbsp;</li><li>(00:09:14) Understanding boom and bust cycle of PulteGroup</li><li>(00:11:23) What is true inflation?&nbsp;</li><li>(00:13:30) The impact of inflation has on how Stig invests&nbsp;</li><li>(00:32:24) Why value ETFs are often focused on the US or international and not global</li><li>(00:34:56) Why Stig is finding value in Alibaba&nbsp;</li><li>(00:38:46) Which price did Charlie Munger, Mohnish Pabrai, and Guy Spier buy Alibaba at?</li><li>(00:40:39) An overview of Alibaba's business model and business units</li><li>(00:46:41) What is the impact of regulatory changes on Alibaba?&nbsp;</li><li>(00:48:12) The rationale that the Chinese government had for the recent crackdown</li><li>(00:48:58) Difference between the US and Chinese legislation for big tech</li><li>(00:51:54) How to value the unprofitable part of Alibaba and Google's business</li><li>(00:57:54) Understanding Alibaba's ecosystem</li></ul>&nbsp;*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES:<ul><li>Mastermind Discussion <a href="https://www.theinvestorspodcast.com/episodes/mastermind-q2-2021/" rel="noopener noreferrer" target="_blank">Q2 2021.</a>&nbsp;</li><li>Stig's masterclass in inflation interview with <a href="https://www.theinvestorspodcast.com/episodes/inflation-masterclass-w-cullen-roche/" rel="noopener noreferrer" target="_blank">Cullen Roche</a>&nbsp;</li><li>The original Alibaba <a href="https://www.theinvestorspodcast.com/episodes/1q-2019-mastermind-discussion/" rel="noopener noreferrer" target="_blank">mastermind discussion from Q1 2019</a>.&nbsp;</li><li>Our FREE stock analysis resource, <a href="https://www.theinvestorspodcast.com/intrinsic-value-index/" rel="noopener noreferrer" target="_blank">Intrinsic Value Index</a></li><li>Subscribe to our <a href="https://www.theinvestorspodcast.com/email-list/" rel="noopener noreferrer" target="_blank">FREE Intrinsic Value Assessments</a>&nbsp;</li><li>Tobias Carlisle's podcast,&nbsp;<a href="https://acquirersmultiple.com/podcast/" rel="noopener noreferrer" target="_blank">The Acquires Podcast</a></li><li>Tobias Carlisle's ETF, <a href="https://www.acquirersfund.com/" rel="noopener noreferrer" target="_blank">ZIG</a></li><li>Tobias Carlisle's ETF, <a href="https://www.etf.com/DEEP" rel="noopener noreferrer" target="_blank">Deep</a></li><li>Tobias Carlisle's book, <a href="https://www.amazon.com/gp/product/0692928855?ie=UTF8" rel="noopener noreferrer" target="_blank">The Acquirer's Multiple</a> – read reviews of this book</li><li>Tobias Carlisle's Acquirer's Multiple stock screener:&nbsp;<a href="https://acquirersmultiple.com/?ref=5&amp;campaign=TheInvestor%27sPodcast" rel="noopener noreferrer" target="_blank">AcquirersMultiple.com</a></li><li>Tweet directly to <a href="https://www.google.com/url?q=https://twitter.com/Greenbackd&amp;sa=D&amp;source=editors&amp;ust=1630054606401000&amp;usg=AOvVaw28dTlWdE-yRt2yJlgwQND0" rel="noopener noreferrer" target="_blank">Tobias Carlisle</a></li><li>Get three months free when you protect yourself with&nbsp;<a href="https://www.expressvpn.com/tip" rel="noopener noreferrer" target="_blank">ExpressVPN</a>,&nbsp;the VPN we trust to keep us private online</li><li>Communicate your ideas in the best way possible with&nbsp;<a href="https://www.canva.com/" rel="noopener noreferrer" target="_blank">Canva</a></li><li>Teach kids good money habits the fun and easy way with&nbsp;<a href="https://www.gohenry.com/" rel="noopener noreferrer" target="_blank">GoHenry</a>’s debit card for kids and app for parents. Get one free month with promo code WSB</li><li>Donate to&nbsp;<a href="https://www.givewell.org/" rel="noopener noreferrer" target="_blank">GiveWell</a>’s recommended charities and have your donation matched up to $1,000 before the end of August or as long as matching funds last if you've never donated before. Pick PODCAST and We Study Billionaires or enter code TIP at checkout</li><li>Join&nbsp;<a href="https://ourcrowd.com/study" rel="noopener noreferrer" target="_blank">OurCrowd</a>&nbsp;and get to invest in medical technology, breakthroughs in ag-tech and food production, solutions in the multi-billion dollar robotic industry, and so much more</li><li>Start feeling better with a single message. Match with a licensed therapist with&nbsp;<a href="https://www.talkspace.com/" rel="noopener noreferrer" target="_blank">Talkspace</a>&nbsp;and get $100 off your first month with the promo code WSB</li><li>Never miss out on a great home because you haven't sold your current one. Experience stress-free home-buying with&nbsp;<a href="https://orchard.com/" rel="noopener noreferrer" target="_blank">Orchard</a></li><li>Get into a topic quickly, find new topics, and figure out which books you want to spend more time listening to more deeply with&nbsp;<a href="https://blinkist.com/billionaires" rel="noopener noreferrer" target="_blank">Blinkist</a>. Get 25% off and a 7-day free trial today</li><li>The all-electric Cooper SE starts at only $29,900. It’s everything you love about&nbsp;<a href="https://miniusa.com/" rel="noopener noreferrer" target="_blank">MINI</a>&nbsp;fully electrified. Reserve yours now.</li><li>Read the&nbsp;<a href="https://www.theinvestorspodcast.com/business/personal-finance-101/" rel="noopener noreferrer" target="_blank">9 Key Steps to Effective Personal Financial Management</a></li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a></li><li>Support our free podcast by supporting our&nbsp;<a href="https://www.theinvestorspodcast.com/sponsors/" rel="noopener noreferrer" target="_blank">sponsors</a></li></ul> HELP US OUT!Help us reach new listeners by leaving us a&nbsp;<a href="https://docs.google.com/presentation/d/1Rnl5KGxmrYISQ7UfbEREMN-AD6b40i6CwWUbXaTabmI/edit" rel="noopener noreferrer" target="_blank">rating and review</a>&nbsp;on&nbsp;<a href="https://podcasts.apple.com/us/podcast/we-study-billionaires-the-investors-podcast-network/id928933489" rel="noopener noreferrer" target="_blank">Apple Podcasts</a>! 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TIP374: Mastermind Q3 2021 W/ Tobias Carlisle

We Study Billionaires - The Investor’s Podcast Network