{"podcast":{"title":"The Investor's Podcast (We Study Billionaires)  - The Investor’s Podcast Network","slug":"the-investor-s-podcast-we-study-billionaires-the-investor-s-podcast-network-793331","podcast_index_feed_id":793331,"rss_url":"https://feeds.megaphone.fm/PPLLC8974708240","website_url":"https://www.theinvestorspodcast.com","image_url":"https://megaphone.imgix.net/podcasts/b2b12274-75fe-11ee-ae2d-1760f2a748b1/image/9e29d14a398eee5388bd2827faf66f93.jpg?ixlib=rails-4.3.1&max-w=3000&max-h=3000&fit=crop&auto=format,compress","author":"Stig Brodersen","episode_count":1186,"summary":"Hosted by Stig Brodersen, William Green, Shawn O'Malley, Daniel Mahncke, and Kyle Grieve, The Investor’s Podcast has proudly reached nearly 200 million downloads, as the world's largest stock-investing focused podcast. On the show, we study a range of businesses and their investment prospects, from Spotify to Amazon, serial acquirers like Constellation Software, deep value plays, and more, using lessons from some of the world's most famous investors, like Warren Buffett, Charlie Munger, and Howard Marks. Leverage the lessons we learned from studying, and talking to, the world's best investors, and apply them in your own investing journey, while following along with our company case studies. For more insights on how to value companies and build a stock portfolio, you can also sign up for our free weekly newsletter. Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm","last_synced_at":null,"page_url":"https://stenobird.com/podcast/the-investor-s-podcast-we-study-billionaires-the-investor-s-podcast-network-793331"},"episode":{"title":"TIP809: The Real Estate Data Empire Making a $5 Billion Bet: CoStar Group w/ Shawn O'Malley & Daniel Mahncke","slug":"tip809-the-real-estate-data-empire-making-a-5-billion-bet-costar-group-w-shawn-o-malley-daniel-mahncke","published_at":"2026-04-23T00:00:00+00:00","page_url":"https://stenobird.com/podcast/the-investor-s-podcast-we-study-billionaires-the-investor-s-podcast-network-793331/tip809-the-real-estate-data-empire-making-a-5-billion-bet-costar-group-w-shawn-o-malley-daniel-mahncke","show_page_url":"https://stenobird.com/podcast/the-investor-s-podcast-we-study-billionaires-the-investor-s-podcast-network-793331","url":"https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/traffic.megaphone.fm/PPLLC6731122291.mp3?updated=1776842131","audio_url":"https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/traffic.megaphone.fm/PPLLC6731122291.mp3?updated=1776842131","summary":"Shawn O'Malley and Daniel Mahncke explore CoStar Group (ticker: CSGP), the dominant provider of commercial real estate data and analytics, and assess whether the company's massive $5 billion bet on Homes.com can successfully crack the residential real estate market dominated by Zillow, or whether this ambitious expansion will destroy shareholder value. IN THIS EPISODE YOU’LL LEARN: 00:00:00 - Intro 00:01:42 - Why the company has delivered nearly 60 consecutive quarters of double-digit revenue growth 00:09:17 - How CoStar built a dominant, near-monopoly position in commercial real estate data and analytics 00:18:30 - How CoStar generates roughly 50% profit margins on its core B2B business 00:44:12 - What makes CoStar's data moat so durable and difficult for competitors to replicate 00:48:12 - How the company's acquisition-driven strategy has fueled decades of growth 00:56:22 - Why CoStar is investing $5 billion into Homes.com to take on Zillow and Realtor.com 00:58:21 - Competitive landscape in the residential real estate marketplace 01:08:41 - Whether CoStar's massive residential bet will pay off or destroy shareholder value 01:23:57 - How Shawn and Daniel value CoStar and whether CSGP belongs in the portfolio Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠TIP Mastermind Community⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Join ⁠The Intrinsic Value Conference⁠ in Omaha this May 1, 2026! Sign up for The Intrinsic Value Newsletter. Track The Intrinsic Value Portfolio. Costar pitch on the Value Investors Club. Drew Cohen’s podcast on CoStar. Follow Daniel on ⁠X⁠ and ⁠Linkedin⁠. Follow…","meta_description":"Shawn O'Malley and Daniel Mahncke explore CoStar Group (ticker: CSGP), the dominant provider of commercial real estate data and analytics, and assess whet…","key_points":[],"chapters":[],"topics":[],"duration_seconds":5847,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-investor-s-podcast-we-study-billionaires-the-investor-s-podcast-network-793331/episodes/tip809-the-real-estate-data-empire-making-a-5-billion-bet-costar-group-w-shawn-o-malley-daniel-mahncke/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-investor-s-podcast-we-study-billionaires-the-investor-s-podcast-network-793331/tip809-the-real-estate-data-empire-making-a-5-billion-bet-costar-group-w-shawn-o-malley-daniel-mahncke.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}