Sobre este episodio
Daniel Mahncke and Shawn O'Malley take a deep dive into Sea Limited — the largest Southeast Asian marketplace whose investment case now turns on two of the most debated questions in the stock today: whether Shopee's dominance across Southeast Asia can hold up against TikTok Shop without margins being structurally capped near current levels, and whether Sea's expansion into Brazil, head-to-head with Mercado Libre, is the next leg of the story or a costly distraction from the markets where the company already wins. IN THIS EPISODE YOU’LL LEARN: (00:00:00) Intro (00:02:36) How Sea Limited was founded (00:06:39) Which business units belong to Sea Limited (00:11:48) How a gaming business is funding Shopee and Monee (00:16:54) How Monee compares to Mercado Libre's Mercado Pago (00:42:32) Why Shopee has become the largest e-commerce company in SEA (01:19:22) How Sea Limited’s moat looks like (01:28:17) Why Sea Limited is so strong in Brazil (01:34:22) Valuation discussion of SE (01:35:51) Intrinsic value of SE (01:36:39) Whether Shawn and Daniel add SE to the Intrinsic Value Portfolio BOOKS AND RESOURCES Join the exclusive ??????????????????????????????????????????????????????????????????????????TIP Mastermind Community??????????????????????????????????????????????????????????????????????????. Track ???The Intrinsic Value Portfolio???. Norges Bank Interview with SE CEO. Jimmy’s Journal?'s Article on SEA. RS Capital Deep Dive on SEA. Hayden Capital Interview with Drew Cohen. Hayden Capital Shareholder Letter. Previous Intrinsic Value breakdowns: Mercado Libre, Coupang, Amazon. Follow Shawn on ????X???? and ????Linkedin????. Follow Daniel on ?????X????? and ?????Linkedin?????. Related ???????????????????????????????????????????books??????????????????????????????????????????? mentioned in the podcast. Ad-free episodes on our ????????????????????????????????????????????????????Premium Feed???????????????????????????????????????????????????????????. NEW TO THE SHOW? Get smarter about valuing businesses through ??????????????????????????????????????????????????????????????????????????The Intrinsic Value Newsletter??????????????????????????????????????????????????????????????????????????. Check out ???????The Investor’s Podcast Starter Packs???????. Follow our official social media accounts: ??????????????????????????????????????????????????????????????????????????X?????????????????????????????????????????????????????????????????????????? | ??????????????????????????????????????????????????????????????????????????LinkedIn?????????????????????????????????????????????????????????????????????????? | ??????????????????????????????????????????????????????????????????????????Facebook?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????. Try our tool for picking stock winners and managing our portfolios: ??????????????????????????????????????????????????????????????????????????TIP Finance?????. Enjoy exclusive perks from our ??????????????????????????????????????????????????????????????????????????favorite Apps and Services??????????????????????????????????????????????????????????????????????????. Learn how to better start, manage, and grow your business with the ??????????????????????????????????????????????????????????????????????????best business podcasts??????????????????????????????????????????????????????????????????????????. SPONSORS Support our free podcast by supporting our sponsors: Plus500 Netsuite Shopify Vanta References to any third-party products, services, or advertisers do not constitute endorsements, and The Investor’s Podcast Network is not responsible for any claims made by them. Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
