Ep. 11 - How Should We Measure Progress?
Are things getting better, or worse? It feels the answer is "yes"
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Ep. 10 - Investing in the Metaverse
What is the metaverse? Its full expression will be a persistent, immersive virtual reality. We will shop in the metaverse; we will hang out with friends; play games and sports; and learn about ancient Rome not by reading about it in a book, but by being there in person in a photorealistic Rome…
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Valuation, Portfolio Construction, and Lots of Companies
In this interview with John Rotonti of The Motley Fool, we really cover the waterfront. We talk about portfolio construction, valuation, and discuss the following companies: Shopify, Wix, Slack, PayPal, Square, Twilio, Roku, Spotify, and Zoom. We also talk about the ecological approach we use, wh…
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Ep. 9 - Valuation, portfolio construction, and lots of companies!
In this interview with John Rotonti of The Motley Fool, we really cover the waterfront. We talk about portfolio construction, valuation, and discuss the following companies: Shopify, Wix, Slack, PayPal, Square, Twilio, Roku, Spotify, and Zoom. We also talk about the ecological approach we use,…
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More Lemonade!
This week we are back with another conversation with my friend Ryan Reeves, this time on Lemonade ($LMND — we wrote a previous article about the company here). We talk about the bull and bear cases for the company, the financial model, the importance of using imagination when thinking about the f…
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Ep. 8 - Lemonade with Marcelo Lima on the Investing City podcast
This week we are back with another conversation with my friend Ryan Reeves, this time on Lemonade ($LMND). We talk about the bull and bear cases for the company, the financial model, the importance of using imagination when thinking about the future, and what I think is the most interesting part…
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Shopify, Slack and more on the Investing City podcast
We go deep into a discussion on Shopify and Slack, the competitive landscape with other ecommerce and collaboration solutions, and more.
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Ep. 7 - Shopify, Slack and more on the Investing City podcast
In this interview with Ryan Reeves, which originally aired on Nov. 25, 2019, we go deep into a discussion on Shopify and Slack, the competitive landscape with other ecommerce and collaboration solutions, and much more. You can find a transcript of our conversation here:…
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Discovering Innovative Companies with Marcelo Lima
As investors, we must keep an open mind, but most people resist new ideas. How to keep that mental flexibility and learn new things?
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Ep. 6 - Discovering Innovative Companies with Marcelo Lima
As investors, we must keep an open mind, but most people resist new ideas. In this episode, which originally aired in the 7Investing Podcast, Matthew Cochrane interviews Marcelo P. Lima about keeping that mental flexibility; how to learn new things; how to value fast-growing companies, the…
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Growth Underwriter: Marcelo Lima on valuing SaaS businesses
How did the internet fundamentally change business? It's all about zero marginal costs, and playing a different game: blanket the world, cap
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Ep. 5 - Growth Underwriter: Marcelo Lima on valuing SaaS businesses; Zoom, Slack; Clay Christensen's disruption theory, Ben Graham's investment in GEICO, and more. Originally on The Acquirers Podcast by Tobias Carlisle
How did the internet fundamentally change business? It's all about zero marginal costs, and playing a different game: blanket the world, capture customers, and only then, monetize them. We discuss Zoom, Slack, Atlassian; talk about Ben Graham's investment in GEICO, in 1948; how GEICO was a…
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Ep. 4 - On innovation, our portfolio, and more — interview with NS Capital
How does innovation work? How early are we in cloud computing? What are the next computing platforms? In this wide-ranging discussion, Todd Peters interviews Marcelo P. Lima about these topics and much more. A transcript of this talk is posted at…
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Ep. 3 - On Avoiding Technology
Download this episode Download MP3 Increasing Returns is a podcast by Heller House. We apply the principles of value investing to the industries of
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Ep. 2 - Buffett's World War II Debut
Download this episode Download MP3 Increasing Returns is a podcast by Heller House. We apply the principles of value investing to the industries of
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Ep. 0 - Introducing Increasing Returns
Hello, my name is Marcelo Lima and I’m an investment manager at Heller House. This is our podcast, Increasing Returns. The name Increasing Returns is inspired by W. Brian Arthur’s essay called Increasing Returns and the New World of Business, from 1996. That essay explains why the internet has…
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Ep. 1 - From Franchise to Ordinary Business
What is a franchise, and when does it turn into an ordinary business? This question was posed by Buffett many years ago. With the disruption wrought by the internet, many existing franchises are being destroyed... but many new ones are being created. This episode is a reading of our original…
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Boom Supersonic: Getting There in Half the Time
Who doesn’t want to fly across the Atlantic in half the time? This is the question that got me hooked on Boom Supersonic.
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