In today’s episode, Kyle Grieve and Shawn O’Malley analyze Exor, the Dutch holding company controlled by Italy’s Agnelli family and best known for its long-standing stake in Ferrari. What you’ll learn here: 00:00:00 - Intro 00:00:50 - Revisiting the Exor and Ferrari thesis 00:02:51 - How Exor’s stock reacted since the original purchase 00:06:59 - Why Ferrari’s stock has fallen despite strong operating results 00:14:01 - The market’s reaction to Ferrari’s new Luce model 00:20:35 - How Ferrari’s other new releases are doing 00:42:34 - Ferrari’s capital allocation, working capital, and margin trends 00:47:48 - How Ferrari’s racing program supports its brand and marketing 00:50:59 - Risks facing Ferrari from changing driving habits and tariffs 01:07:30 - Expanding on Lingotto, Exor’s growing asset management business 01:12:00 - Evaluating Lingotto’s performance, fees, and top holdings Transcript & Host Info: https://www.theinvestorspodcast.com/intrinsic-value-podcast/ Don't miss out on the value investing event of the Fall: Learn more at https://www.theintrinsicvalueconference.com/ 📨 Sign up for The Intrinsic Value Newsletter: https://www.theinvestorspodcast.com/subscribe-youtube/ 🤝 Join a curated group of serious investors focused on intrinsic value, disciplined analysis, and uncovering high-quality stock ideas. https://theinvestorspodcast.com/mastermind Our Sponsors: 📊 Get access to institutional-grade financial data, real-time company KPIs, and modern research tools built for serious fundamental investors. https://fiscal.ai/tivp 🤝 Join top investors for a day of actionable insights, live Q&A, and exclusive networking — More info at: https://www.theintrinsicvalueconference.com/ ▶️ Related Episodes - Exor NV: A Way to Buy Ferrari at a 50% Discount?: https://youtu.be/RO0xcZB3rEQ - Ferrari Stock: Investing in Luxury on Wheels: https://youtu.be/By9brV5KXlM - Formula One Group (FWONA): The Only Sports Franchise Worth Owning: https://youtu.be/ZlOR_hLznaQ Listen to our episodes here: https://open.spotify.com/show/7dnn22EWyo6MLsPaR492BM Visit our website: https://www.theinvestorspodcast.com/intrinsic-value-podcast/ 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. #Exor #Ferrari #ValueInvesting #StockMarketAnalysis #HoldingCompany