Stig is joined by Tobias Carlisle and Hari Ramachandra for a new round of stock pitches. They discuss Berkshire, Moody's, and BellRing Brands. What you'll learn here: 00:00:00 - Intro 00:00:49 - Why Stig is bullish on Berkshire Hathaway, highlighting its fortress balance sheet, decentralized culture, and Greg Abel’s leadership transition (Ticker: NYSE: BRK.B) 00:25:22 - The bear case for Berkshire, including slowing growth and capital allocation challenges 00:28:32 - Why Tobias is bullish on BellRing Brands, focusing on strong free cash flow, brand positioning in protein nutrition, and potential private equity appeal (Ticker: NYSE: BRBR) 00:36:00 - The bear case for BellRing Brands, including customer concentration, leverage, and shifting consumer trends 00:46:33 - Why Hari is bullish on Moody’s, emphasizing its regulatory moat, duopoly market structure, and high-margin recurring analytics business (Ticker: NYSE: MCO) 00:52:55 - The bear case for Moody’s, including valuation risk, debt issuance cyclicality, regulatory pressures, and AI-driven disruption in analytics Transcript & Guest Info: https://www.theinvestorspodcast.com/episodes/mastermind-q1-2026-berkshire-moodys-bellring-brands/ 🤝 Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community. https://www.theinvestorspodcast.com/mastermind/ 💎 Explore a new business weekly and decide if it deserves a spot in your portfolio. https://www.theinvestorspodcast.com/intrinsic-value-podcast/ ▶️ Related Episodes: - Avoid Disaster w/ Superinvestor Howard Marks: https://youtu.be/hmHk_lqv_6s - Essential Truths w/ Howard Marks, Nima Shayegh & William Green: https://youtu.be/o8r1TnydKCY - Why Simple Investing Wins w/ David Fagan: https://youtu.be/YkiiOYgig48 📖 Books Mentioned: - Soldier of Fortune by Tobias Carlisle: https://amzn.to/4cld6ns - No Rules Rules by Reed Hastings and Erin Meyer: https://amzn.to/4sjvAJD Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP Visit our website: https://www.theinvestorspodcast.com/we-study-billionaires/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #BerkshireHathaway #BellRingBrands #MoodyStock #ValueInvesting #StockAnalysis