Investors / stance tracking
What Stig Brodersen is saying
FollowFollowingUnfollowCo-founder & Host, The Investor's Podcast Network
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12 dated public stances tracked since 2020-05-31, most recently 2026-06-21. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Stig Brodersen's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Stig Brodersen is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
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12
tracked stances
10
themes
0
side flips
2026-06-21
last heard
Returns 90d +19.4% 88% correct · 8 calls · 180d +17.0% 86% correct · 7 calls · 1y +51.1% 86% correct · 7 calls
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|---|---|---|---|---|
| 2026-06-21 | ADBE | bullish | +28.0% | — | — |
| 2024-12-07 | EVO | bullish | -22.6% | -14.7% | -36.0% |
| 2024-05-18 | GOLD | owns | +3.3% | +5.5% | +32.7% |
| 2024-02-24 | SPOT | bullish | +20.9% | +34.2% | +135.9% |
| 2023-02-25 | SPOT | bullish | +28.6% | +16.2% | +118.2% |
| 2020-05-31 | SPOT | bullish | +54.4% | +51.9% | +32.3% |
| 2020-05-31 | MKL | bullish | +21.1% | +11.9% | +36.9% |
| 2020-05-31 | EBAY | bullish | +21.5% | +13.9% | +37.4% |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| SPOT | 3 | 3 bullish | 2024-02-24 | |
| ADBE | 1 | 1 bullish | 2026-06-21 | |
| BETS | 1 | 1 bullish | 2024-09-14 | |
| BRK | 1 | 1 bullish | 2026-02-28 | |
| EBAY | 1 | 1 bullish | 2020-05-31 | |
| EVO | 1 | 1 bullish | 2024-12-07 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
Adobe's extreme switching costs (professionals trained for decades on the suite, enterprise inertia, bundled workflow), 96% subscription revenue, and near 7-year low valuation make it compelling even with AI competition risk, with underwrite value of $350-400…
“Adobe is an incredible cheap product for the value that it provides”
90d +28.0%
Meta, Adobe, & Booking Holdings | Stock Analysis & Valuation (TIP825)
2026-02-28
BRK
bullish
We Study Billionaires · video
Berkshire trades below intrinsic value (~$550 vs $497 at recording) with fortress balance sheet, decentralized culture that survives Buffett's exit, and Greg Abel as a credible steward, offering ~10% normalized return with lower drawdowns than the S&P 500
“I do tend to run a pretty concentrated portfolio...Berkshire could be one of those anti-fragile positions”
Berkshire Hathaway, Moody's, & BellRing Brands | Stock Analysis & Valuation (TIP795)
2024-12-07
EVO
bullish
We Study Billionaires · video
Capital-light live casino game supplier with dominant Asia position generating 80%+ margins, 30% ROIC, and 15% sustainable growth, yet trades at 16x earnings due to unwarranted narrative deterioration and Western investor blindspot to Asia-driven profit base.
“if you invest in Evolution AB that's the supplier to the operator — The House of the house”
90d -22.6% · 180d -14.7% · 1y -36.0%
Mastermind Discussion Q4 2024 | Exploring Value, Risks, and Opportunities (TIP681)
2024-09-14
BETS
bullish
We Study Billionaires · video
Betsson is a profitable online gambling operator growing revenue 15% annually with 20% ROIC, net cash balance sheet, 50% dividend payout ratio, high founder-family insider ownership, and trades at only 8.8x earnings — cheap likely because it is a sin stock…
“I can't really figure out why it's so cheap, which is probably gives you pause and it probably should”
Mastermind Discussion Q3 2024 | Nintendo, Virtu Financial, and Betsson (TIP660)
Physical gold held as portfolio insurance against currency debasement and potential stock market downside, with favorable after-tax treatment relative to equity holdings
“it is my insurance to perhaps this stock market doesn't keep on going up”
90d +3.3% · 180d +5.5% · 1y +32.7%
Mastermind Discussion Q2 2024 | Burberry, ICICI Bank, & Playtika Stock Analysis (TIP632)
Spotify's dominant audio market share despite paying distribution taxes to Apple and Google proves a defensible founder-led moat, and improving podcast and audiobook margins will eventually convert explosive MAU/revenue growth into profitability as it scales…
“they do not own the device...they are paying a tax to the biggest competitors. And yet here we are the most successful of all the apps”
90d +20.9% · 180d +34.2% · 1y +135.9%
Mastermind Discussion Q1 2024 | Spotify, Disney, & Mueller Industries (TIP610)
2023-06-03
TEQ
owns
We Study Billionaires · video
Teqnion is a Swedish serial acquirer of small industrial companies with disciplined acquisition pricing (~5-year payback), 27%+ ROIC, low leverage, and owner-operator management compensated on profit growth, positioned to compound acquisitions in an…
“I am long Teqnion”
Mastermind Q2 2023: Stocks to Buy Now? w/ Tobias Carlisle and Hari Ramachandra (TIP557)
Spotify's audio-first platform dominance (30% market share, surpassed Apple Podcasts in under 5 years) combined with an owned ecosystem of hosting, attribution, and ad-tech infrastructure creates durable competitive advantage that Apple, Google, and Amazon —…
“it's just amazing what they have achieved and I think it's unlikely that revenues decline”
90d +28.6% · 180d +16.2% · 1y +118.2%
Mastermind Q1 2023 | Disney, Spotify, Amgen Stocks & ChatGPT Discussion (TIP528)
2022-11-19
PRX
bullish
We Study Billionaires · video
Prosus trades at a 44% discount to its own NAV (€46 price vs €82 NAV) while management is actively shrinking that gap by selling Tencent stock to buy back Prosus shares, and the NAV itself — 64% of which is Tencent — is itself arguably at a 50%+ discount to…
“the stock is trading at 46 and the nav is 82… you would in addition get your private assets on top of that for free”
Mastermind Q4 2022 w/ Hari Ramachandra & Tobias Carlisle (TIP496)
eBay's valuation is compelling given tech-company-level free cash flow generation and an exceptionally high buyback yield, with the stock trading at multiples well below comparable technology businesses despite stable cash returns
“the valuation is really attractive and I really like how much cash is spinning off especially for this type of company”
90d +21.5% · 180d +13.9% · 1y +37.4%
TIP299: Mastermind Discussion 2Q 2020
Spotify's owned podcast content flywheel and proprietary listener data create a durable audio moat analogous to Netflix five years ago, with free cash flow nearly doubling annually and a $30B enterprise value versus Netflix's $208B implying substantial…
“Spotify is Netflix just five years ago”
90d +54.4% · 180d +51.9% · 1y +32.3%
TIP299: Mastermind Discussion 2Q 2020
2020-05-31
MKL
bullish
We Study Billionaires · video
Markel's consistent profitable underwriting and market-beating equity portfolio imply an 11% IRR at current prices, a return nearly impossible to find elsewhere in today's market
“I came up with an IRR of around 11% at the current market price which good luck finding that on a lot of companies”
90d +21.1% · 180d +11.9% · 1y +36.9%
TIP299: Mastermind Discussion 2Q 2020
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