TIP808: Current Market Opportunities w/ Daniel Mahncke & Clay Finck

**SPEAKER_1** (0:00)
You're listening to TIP.

**Clay Finck** (0:03)
On today's episode, I'm joined by Daniel Mahncke to discuss the companies we find most interesting in today's market. We cover Mercado Libre's long-term growth potential, Amazon's expanding earnings power driven by AI and robotics, and how AI could impact Constellation Software and other related companies. We wrap up the discussion by touching on a company that AI is very unlikely to disrupt, and that is Hermès.
It's bittersweet for me to also share that this is actually my last episode as a host here at The Investor's Podcast Network, I'd like to take the opportunity to thank everyone who has tuned in over the years and supported me in this journey. Without people like you listening, this incredible journey would not have been possible for me. It's somewhat surreal to have been a host for the past four and a half years as I was a huge fan of the show for many years prior to joining TIP, and I'll certainly continue to be a listener for many years to come.
I'd also like to give a shout out to TIP's co-founder Stig Brodersen. He's just been a fantastic mentor to me while I've been here. He puts countless hours behind the scenes into developing the culture here at the company and being someone who leads by example for us all. It's safe to say that my experience here as a host will carry with me for the rest of my life, and I appreciate you being a part of this journey with me.
If anyone would like to stay connected with me in the meantime, feel free to get in touch on LinkedIn or Twitter. I'd be very happy to connect. But with that said, I know the listeners will still be in good hands with the hosts that are stepping in here and filling the gap on the feed. One of which will be Daniel who's joining me for today's conversation. So with that, I bring you today's episode with Daniel Mahncke.

**SPEAKER_1** (1:44)
Since 2014, with more than 200 million downloads, we have interviewed the world's best investors, studied deeply the principles of value investing and uncovered many compelling investment opportunities.
We focus on understanding businesses and intrinsic value, investing accordingly and sharing everything we learn with you. This show is not investment advice. It's intended for informational and entertainment purposes only. All opinions expressed by hosts and guests are solely their own and they may have investment in the securities discussed. Now for your host, Clay Finck.

**Clay Finck** (2:28)
Welcome to The Investor's Podcast. I'm your host, Clay Finck, and today I'm joined by my co-host, Daniel Mahncke. Daniel, as always, great to chat with you.

**Daniel Mahncke** (2:37)
As always, happy to be here, Clay.

**Clay Finck** (2:39)
So today's episode is a bit bittersweet for me to record because it will actually be my last episode. Here as a host at The Investor's Podcast Network, at least for the time being, I just wanted to take the opportunity to thank everyone who has followed along while I've been a host here over nearly the past five years. I've just met countless amazing people who listen to our show and just really appreciate everyone who has supported us over the years, whether that be just listening to the show, sending me a note, meeting up in person in Omaha during the Berkshire weekend or by joining our mastermind community as a member.
All of these things, no matter how big or how small, they all go a long way in helping us deliver this content to you. So with that all said, I just really couldn't be more grateful for your support. As for next steps for me, in case anyone's curious, I'll be making a bit of a career transition and working for an investment management and financial planning firm here in Nebraska. But part of me will still always be with TIP. I'll still be listening to most of the content the team puts out here, keeping in touch with everyone and remaining a member of our mastermind community, and likely attending some in-person events as well.

**Daniel Mahncke** (3:51)
I got to say it's a tough pill to swallow for me too. I can't see you at our events, Clay, and obviously staying in touch beyond that. Let me first say that it's a surreal feeling sitting here today because I've started listening to The Investor's Podcast myself in the early days with Stig and Preston as hosts. But I have to admit and I told you that privately before that, to me, you are the voice behind We Study Billionaires. I've listened to so many episodes of you and it has already been a pleasure earlier this year to be part of this show and pitch a stock here. But to sit here today knowing it will be your last episode feels kind of sad to me too. And yet, we've talked about your next chapter and I know that it will be just as exciting and a perfect fit for you so I wish you all the best and I know that you will always be part of TIP and I'm confident that seeing you in Omaha in a couple of weeks won't be the last time.