Clay is joined by Stig Brodersen to discuss the changes he’s made to his portfolio, why he sold out of Evolution AB, and why he’s bullish on Uber. Clay and Stig also discuss the mental models that Stig has picked up this year, and how our listeners can join us at our live events in Omaha during the Berkshire Hathaway shareholders’ weekend. What you'll learn here: 00:00:00 - Intro 00:01:09 - A look back at 2025 00:04:25 - New mental models 00:08:25 - Why Stig sold Evolution AB in 2025 00:16:13 - Why Stig bought Uber in 2025 00:21:21 - The tremendous value in owning the platform 00:27:59 - Why Uber will continue growing 00:34:24 - Uber One Membership 00:42:36 - Uber’s advertising unit 00:45:41 - The AV bear case 00:59:52 - The second layer of big tech companies 01:05:21 - The AI race & Alphabet 01:08:19 - Small caps vs Large caps 01:11:20 - Identifying your unfair advantage 01:20:40 - TIP Mastermind Community 01:29:05 - Final hand-off Transcript & Guest Info: https://www.theinvestorspodcast.com/episodes/stig-brodersens-mental-models-portfolio-update/ 🤝 Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community. https://www.theinvestorspodcast.com/mastermind/ 💎 Explore a new business weekly and decide if it deserves a spot in your portfolio. https://www.theinvestorspodcast.com/intrinsic-value-podcast/ ▶️ Related Episodes: - Stig's Portfolio Performance Since 2014 w/ Stig Brodersen & Clay Finck: https://youtu.be/G73dD73Oot0 - Current Market Conditions & Poor Charlie's Almanack w/ Stig Brodersen & Clay Finck: https://youtu.be/e1Q-QiQyFNA Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP Visit our website: https://www.theinvestorspodcast.com/we-study-billionaires/ 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. #Investing #ValueInvesting #UberStock #StigBrodersen #BerkshireHathaway