#29 Mark Mahaney: Nothing But Net
Mark Mahaney calls himself “Wall Street’s oldest and longest-lasting technology analyst”. We learn about Mark's lessons for successful tech investing, his passion for the analyst job, and the quality of the big tech companies of today, including Meta and Spotify.
We welcome all suggestions of interesting authors, books, investors, and voracious readers. For more info about the podcast, go to the episode page and follow us on Twitter. This episode was recorded on August 11, 2022.
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Episode Chapters
(00:00) Intro by Eddie & Niklas
(02:02) Mark’s story
(06:58) Writing Nothing But Net
(09:29) Dislocated High-Quality Stocks (DHQs)
(14:15) The value of premium growth
(23:47) Winning management traits
(28:00) Employees as an advantage
(31:20) Losing networks effects
(34:17) Companies with optionalities
(36:41) Duration of tech businesses
(38:26) TikTok and engagement data
(41:22) The three roles of an equity analyst
(45:46) The investor perspective
(50;28) Sleuthing and customer surveys
(59:38) Spotify & Meta = DHQs?
(1:07:31) Company specific vs Macro issues
(1:10:02) Top books
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Books Mentioned
- Nothing But Net - Mark Mahaney
- One Up on Wall Street - Peter Lynch
- The Smartest Guys in the Room - Bethany McLean
- No Rules Rules - Reed Hastings & Erin Meyer
- The Sleuth Investor - Avner Mandelman
- The Black Swan - Nassim Nicholas Taleb
- Freakonomics - Steven Levitt & Stephen J. Dubner
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Companies Mentioned (in order of first appearance)
- Groupon
- Netflix
- Amazon
- Uber
- Apple
- Warby Parker
- Airbnb
- Enron
- Spotify
- eBay
- Grubhub
- Meta
- Yahoo!
- AOL
- TikTok
- DoorDash
- Stitch Fix
- Blue Apron
- Snap
- 1stDibs
- Zulily
- Wix
- Shopify
- Lyft
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More on Mark Mahaney
Twitter: https://twitter.com/markmahaney
Website: https://www.marksfmahaney.com/book
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About the podcast
Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books
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What is Investing by the Books?
Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.
Visit the website: http://www.investingbythebooks.com/
Follow on Twitter: https://twitter.com/Investbythebook
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What is Redeye?
Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.
Visit the website: https://www.redeye.se/
Follow on Twitter: https://twitter.com/Redeye_
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Disclaimer
Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se
