Mohnish Pabrai's session with EO Gurgaon on January 10, 2023
Mohnish Pabrai's session with EO Gurgaon on January 10, 2023
00:04:10 I'm a better investor because I'm a businessman. I'm a better businessman because I'm an investor
00:04:55 Capitalism is creative destruction
00:08:35 Earnings reinvestment framework
00:10:53 The importance of Spawning
00:13:02 Control is over-rated
00:16:45 From entrepreneur to investor
00:33:26 Patel Motel Dhandho
00:40:37 Book: Roy Thomson of Flee
Best Ideas 2023: Glaukos Corporation [GKOS]
<div><p></p><p><a href="http://www.gabelli.com/">http://www.Gabelli.com</a> <br>
Invest with Us 1-800-GABELLI (800-422-3554)<br>
Medical device analyst at Gabelli Funds, Jennie Tsai, shares why Glaukos Corp. is one of our best ideas for 2023.</p><img src="https://i.ytimg.com/vi/IE_DA-NDsjM/mqdefault.jpg" alt="Best Ideas 2023: Glaukos Corporation [GKOS]"></div>
How Your House Can Help You Understand Enterprise Value
<div><p></p><p>Tobias Carlisle explains the concept of Enterprise Value from the perspective of a homeowner. <br>
#investoreducation</p><img src="https://i.ytimg.com/vi/i_d5nFcy-10/mqdefault.jpg" alt="How Your House Can Help You Understand Enterprise Value"></div>
Session 1: Class Logistics and Animating Principles
(If you are tracking my two valuation classes, this class is an almost exact replication of my undergraduate version of the class. Rather than watch both playlists, pick one and stick with it...)
In this class, I started with a short introduction to the logistics and material for the class, before laying out the broad themes of this class - that valuation is a craft (not an art or a science), that value is different from price, that a good valuation is a bridge between stories and numbers and t
Session 3: Intrinsic and DCF Valuation - Laying the Groundwork
In this session, we started class by completing the discussion of pricing and real options, at least in a big picture sense. We then began our intrinsic value discussion by talking about the weapons of mass distraction. If you want to read the blog post I have on the topic, try this link:
We then spent some time setting up the process of discounted cash flow valuation, arguing for consistency in discountin
Howard Marks – Top 10 Holdings – Latest 13F
These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions.We spend a lot of time here at The Acquirer’s Multiple digging through these 13F-HR documents to find out which superinvestors hold positions in the stocks listed in our Stock Screeners .As a new weekly feature, we’re now providing the top 10 holdings from some of our favorite superinvestors based on their latest 13F-HR documents.
Warren Buffett: Any Blind Date Is Preferable To One With The Girl Next Door
<div><ol><li>Here’s an excerpt from the letter:</li><li>Gypsy Rose Lee announced on one of her later birthdays: “I have everything I had last year; it’s just that it’s all two inches lower.” As the table shows, during 1987 almost all of our businesses aged in a more upbeat way.</li><li>There’s not a lot new to report about these businesses – and that’s good, not bad.</li></ol></div>
VALUE: After Hours (S05 E3): 3-10 Prophecy Fulfilled, Centralia Coal Fires and Inflation, Tech Layoffs
<div><ol><li>Tobias: That’s what I said.</li><li>Tobias: I still believe.</li><li>Tobias: That’s it.</li></ol><img src="https://d12xoj7p9moygp.cloudfront.net/images/podcast/logo-square/004/apple_podcasts.png"></div>
Jeremy Grantham: Most Ancient Recession Predictor Indicates Recession Pending
In his latest letter, Jeremy Grantham says the most ancient recession predictor is indicating a recession is pending.Other factors suggesting a long or delayed decline include the fact that we start today with a still very strong labor market, inflation apparently beginning to subside, and China hopefully regrouping from a strict lockdown phase that has badly interfered with both their domestic and international business.You can read the entire letter here:
Data Update 3 for 2023: Inflation and Interest Rates
US Treasury Rates and Returns in 2022Since inflation was 6.42% in 2022, the real return on a US 10-year treasury bond was -22.79%.Thus, at least in the corporate bond market, the default spread(s) become the market price of risk or risk premium for debt markets.
Warren Buffett Says 3 Major Decisions in Life Will Be the Difference Between Success and Failure
Warren Buffett, the greatest investor of our time, has bestowed valuable lessons that have had a profound effect on people ...
Warren Buffett bet $600 million on Gillette - and ended up owning Duracell. Here's how his razor wager led to him buying the battery titan.
Buffett sold his Gillette stake to Procter & Gamble for about $4 billion of stock in 2005, then swapped P&G shares and some ...
Jeff Smith makes for a substitute Warren Buffett
Warren Buffett has his aw-shucks act down pat. And the Sage of Omaha has monetized that image to great effect, sweeping into situations to support companies in a tight spot with his cash and his ...
Data Update 3 for 2023: Interest Rates and Bond Returns in 2022
If 2022 was a bad year for stocks, and it was, it was an even worse year for bond investors. On US treasury bonds, a traditional safe investment, the rise in T.Bond rates translates into double digit drops in prices, with the ten-year T.Bond registering at -17.83% return, the worse year in the 1928-2022 time period that I track. With corporate bonds, the damage was worsened by rising default spreads, especially at lower ratings classes. Overall, 2022 was the first year in the 95 years of annual
Howard Marks: The BIGGEST Investment Opportunity in 40 Years
(#stocks, #investing, #howardmarks)
Howard Marks talks about a "sea change" that is happening in markets currently. In a recent interview with CNBC, Howard Marks discussed his recent memo. In it, he covers important investing topics such as interest rates, inflation, The Federal Reserve, and expectations for future stock market returns. Marks talks about how after 40 years of declining interest rates, including years were interest rates were hovering around 0%, things are starting to shift in t
Real Estate Market Is Hoping On Lower Rates Forever
The Real estate market in Europe and in the US has not fallen despite interest rates going up. The reason might be that the market is pricing in lower rates going forward and the FED or ECB also bailing everybody out.
full RE video
My passion is to look for low risk high reward investment opportunities. I apply my accounting skills and investing experience in order to find interesting investment ideas that offer the possibility to lead me toward
Session 1: Class Logistics, Mission and Themes
In this session, I laid out the structure for the class and an agenda of what I hope to accomplish during the next 15 weeks. In addition to describing the logistical details, I presented my view that corporate finance is the ultimate big picture class because everything falls under its purview. The “big picture” of corporate finance covers the three basic decisions that every business has to make: how to allocate scarce funds across competing uses (the investment decision), how to raise funds t
20+ Best Places to Sell Used Furniture in 2023
<div><ol><li>You can also set a price or let buyers make offers.</li><li>It will help you set the right price and get the most money for your pieces.</li><li>There are several websites where you can list your furniture for sale online.</li></ol><img src="https://mlsjoxwh2dv5.i.optimole.com/cb:fJ2b~7176/w:auto/h:auto/q:90/f:avif/https://finmasters.com/wp-content/uploads/2023/01/20-Best-Places-to-Sell-Used-Furniture.jpg"></div>
All Norwegian Stocks Part 4 – Nr. 46-60
<div><ol><li>As mentioned above, Arendals owns 60% of Volue and has itself a market cap of 1,4 bn EUR.</li><li>The stock chart looks interesting:</li><li>Tekna is a 70 mn market cap company that was Ipoed in 2021 but has lost almost -75% since then.</li></ol><img src="https://valueandopportunity.files.wordpress.com/2023/01/itera-chart.png?w=860"></div>
Why the Worst-Case Scenario Sometimes Doesn't Bring the Market Down
<div><p></p><p>Cem Karsan explains why hedging in the options market in anticipation of events can serve to support the market, even when the worst-case scenario for that event comes to pass. <br>
#options</p><img src="https://i.ytimg.com/vi/n7DUV1VZb6E/mqdefault.jpg" alt="Why the Worst-Case Scenario Sometimes Doesn't Bring the Market Down"></div>