Daniel Mahncke believes that Exor is undervalued because it trades at a significant discount to its net asset value.

“And so that means you're buying those assets at a 60% discount to what they're actually worth on paper in the public markets.”

Shawn O'Malley claims that Universal Music Group is an attractive investment because its music catalog provides perpetual royalty streams with near-zero marginal production costs.

“Because once you own the rights to a song, you essentially own a perpetual royalty stream with almost zero marginal cost of production.”