Best Marcelo P Lima Podcasts (2025)

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Ep. 20 - Atlassian: Growing Ambition 10:30

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3+ y ago10:30

10:30

Atlassian's latest investor day showed growing ambition from this 20-year old cloud pioneer. A transcript with additional links can be found here: https://www.hellerhs.com/post/atlassian-growing-ambition — Increasing Returns is a podcast by Heller House. We apply the principles of value investing to the industries of the future. Learn more about He…

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Ep. 19 - Why SaaS is Like Walmart 18:17

3+ y ago18:17

18:17

Software as a service (SaaS) companies are frequently misunderstood because they are investing for the long-term and don’t generate accounting profits today. It turns out SaaS shares an eery resemblance to Walmart when it was in hypergrowth mode. To find out why, listen on. A transcript of this episode is available at: https://www.hellerhs.com/post…

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Ep. 18 - Why Empire Building is Important 12:58

4y ago12:58

12:58

How do modern business empires resemble the Mongolian Empire assembled by Genghis Khan and his descendants? And why is it important, as an investor, to identify these empires? For a transcript and images referenced in the show, please visit: https://www.hellerhs.com/post/why-empire-building-is-important Increasing Returns is a podcast by Heller Hou…

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Ep. 17 - Roblox, the Coming Ad Titan 15:46

4y ago15:46

15:46

“In the next three to five years, every brand will have a Roblox strategy.” Quite an interesting statement from Roblox's VP of Brand Partnerships, Christina Wootton! In this episode we explore the opportunity for Roblox to build an advertising business and dramatically increase its monetization. The images and video segments referenced in this epis…

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Ep. 16 - Could Miami Become a World-Class Tech Hub? 16:15

4y ago16:15

16:15

Almost a year after I asked the question, is the answer closer to a "yes"? What can the city do to ensure it succeeds? Listen in to find out. As always, a transcript is available at: https://www.hellerhs.com/post/could-miami-become-a-world-class-tech-hub Increasing Returns is a podcast by Heller House. We apply the principles of value investing to …

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Ep. 15 - How We Think 14:40

4y ago14:40

14:40

How do we think about investing at Heller House? This episode explores how we think about our companies, the markets they operate in, valuation, and much more. We discuss our values, alignment of interests, mission and goals. A transcript of this episode is available here: https://www.hellerhs.com/how-we-think Increasing Returns is a podcast by Hel…

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Ep. 14 - The BNPL Revolution 15:11

4y ago15:11

15:11

Klarna, Affirm, and AfterPay are taking an increasing share of ecommerce payments by offering buy now, pay later (BNPL) to consumers. We take a close look at Affirm, and how it's actually a really old idea whose time has finally come. A transcript is available on our site: https://www.hellerhs.com/post/the-bnpl-revolution Increasing Returns is a po…

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Ep. 13 - Boom Supersonic: Getting There in Half the Time 11:15

4y ago11:15

11:15

Blake Scholl, the founder of Boom Supersonic, likes to say that there are only two places in the world where you can find a supersonic airliner: in a museum, and in Boom's headquarters. In this episode, we talk about this interesting company that is trying to finally bring back supersonic commercial flights. A transcript is available here: https://…

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Ep. 12 - GEICOs of the 21st Century 23:43

4y ago23:43

23:43

Today’s episode is called GEICOs of the 21st century. The big idea I was trying to communicate to my investors at the time was that I was evolving from pursuing investments in “cheap” securities, to instead pursuing investments similar to GEICO when Ben Graham invested in it in 1948. Using Graham as an example was important, since my investor base …

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Ep. 11 - How Should We Measure Progress? 14:03

4+ y ago14:03

14:03

Are things getting better, or worse? It feels the answer is "yes" — some things are getting better, and others clearly worse. In this episode, I argue that we should focus on the three most inflationary items in our country: housing, healthcare and education. And to deflate these, we need to BUILD — more housing, more healthcare disruptors, and mor…

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Ep. 10 - Investing in the Metaverse 30:52

4+ y ago30:52

30:52

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 filled with non-player characters, like a video game. W…

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Ep. 9 - Valuation, portfolio construction, and lots of companies! 59:06

4+ y ago59:06

59:06

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, where we think of companies as organisms competing in a…

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Ep. 8 - Lemonade with Marcelo Lima on the Investing City podcast 51:12

4+ y ago51:12

51:12

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 of the conversation, competitive advantages or moats.…

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Ep. 7 - Shopify, Slack and more on the Investing City podcast 48:07

4+ y ago48:07

48:07

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: https://www.hellerhs.com/post/shopify-slack-and-more-on-the-investing-city-podc…

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Ep. 6 - Discovering Innovative Companies with Marcelo Lima 59:43

4+ y ago59:43

59:43

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 dichotomy between missionary and mercenary management teams…

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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 ... 1:04:23

4+ y ago1:04:23

1:04:23

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 disruptive innovator in the Clay Christensen sense; what fa…

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Ep. 4 - On innovation, our portfolio, and more — interview with NS Capital 48:32

4+ y ago48:32

48:32

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 https://www.hellerhs.com/post/on-innovation-our-portfolio-and-more Increasing Returns is a podcast by H…

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Ep. 3 - On Avoiding Technology 3:17

4+ y ago3:17

3:17

Increasing Returns is a podcast by Heller House. We apply the principles of value investing to the industries of the future. Links: Heller House Marcelo P. Lima on Twitter Subscribe to our email list ———————————————— On Avoiding Technology https://www.hellerhs.com/post/on-avoiding-technologyBy Marcelo P. Lima

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Ep. 2 - Buffett's World War II Debut 7:03

4+ y ago7:03

7:03

Increasing Returns is a podcast by Heller House. We apply the principles of value investing to the industries of the future. Links: Heller House Marcelo P. Lima on Twitter Subscribe to our email list ———————————————— Buffett's World War II Debut https://www.hellerhs.com/post/buffett-s-world-war-ii-debut…

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Ep. 0 - Introducing Increasing Returns 0:55

4+ y ago0:55

0:55

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 completely upended the world of business and changed th…

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Ep. 1 - From Franchise to Ordinary Business 18:48

4+ y ago18:48

18:48

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 post here: https://www.hellerhs.com/post/from-franchise-t…