Doing somethig is better than idling. Takeways #5 rephrased: It doesn’t have to be all or nothing. As long as you are directionally right, making progress is more important than being perfect. :)
Takeways #5 rephrased: It doesn’t have to be all or nothing. As long as you are directionally right, making progress is more important than being perfect. :)
Wow, what an inspiring video! William Green's insights on how to live a richer, wiser, and happier life are truly eye-opening. His advice on the importance of investing in experiences and relationships rather than just accumulating wealth is refreshing in a world that often values material possessions above all else. I'm curious to know if you've implemented any of his principles in your own life and if so, how have they impacted you? Have you made any changes to your priorities or habits based on what you learned in this video? Let's start a conversation in the comments and share our experiences and insights. Remember, true wealth isn't just about money, but about living a fulfilling and meaningful life. Let's learn from William Green and strive to become richer, wiser, and happier every day.
I never clone Buffett, however when he bought apple I bought more and when he bought OXY I went and got it around12$-16$ one summer. Lets just say those two really did ok.
I do not understand what is wroung with companies with pe greater than 25? why should i risk capital with bussinesses with pe inder 10 that can go bankrupt?
interesting numbers on return for Pabrai. Are those accurate? funny how his performance happened around '01 & it's Fund II. did fund 1 stink around the tech bubble in '01?
@WrlteMe ┼ 𝟏⑤⑦①④①②⓪①①⑤ Chat GPT makes quite effective summaries, in 10 seconds and develops the points you want. Moreover it gives you ideas of application of the ideas present in the books on subjects and themes that you give him. for example i am a landlord with a large number of apartment units, and ask him to apply the ideas in the book. he will give you 5-6 very precise and absolutely reasonable application ideas. I think this will clean up the internet a bit from the extravagant ideas based on ideology or morality. The negative point is that he doesn't know the books written after 2021. There may be a way out for you. I think that I am not teaching you anything and that you could test yourself.Please hire someone to read your texts... a female friend maybe. The accent we hear nowadays is making you lose customers. I hope I could help.
Having under 5 Stocks is the Buffet, Pabrai, Li Lu approach. So i dont see the Problem. Also is a PE Ratio of 25 not a red flag. For example Alibaba has a PE Ratio of 154 and Charlie Munger holds it.
Baba pe is due to chinese holdings tanking and accounting laws. Baba was recently selling less than 10 x FCF with 70B in cash and many parts of the biz still in growth.. P/E is irrelevant
@@jarredwoolis4929 maybe that was GAAP PE in a quarter that Seva was quoting, that maybe had asset writedowns of some of their investments....yeah something like a 10% yield.....besides cash they also have investments in a lot of places as well, most likely biggest value is in their Alipay holding that could be worth a large chunk of their market cap...bigger issue is no one bothers to know anything about GAAP, non GAAP, appropriate ways to normalize earnings (seeing some asset that they still hold and was marked down almost to zero & assume that same thing now with a stated value of zero can somehow have a multi billion loss reoccur next year).....also Pabrai claims to have 10 holdings but only US holding show in 13F so you really don't know if you aren't in the fund....
Where is the trumpet sound @5:42 from? There was a show in Brazil in the early 90's that had that exact sound as they're opening. Not similar, *exactly* the same, my mind is blown.
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks. I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities
Read some of the books reviewed on the channel, like for example "Security Analysis", "The Intelligent Investor" or "Margin of Safety". Also tech stocks are a lot harder to analyze than something like a lumber mill company.
I can't help you but here's what I did, Ive gone to the libary and read every book on stocks and mindset there is. There is still many left. Second is to consume content like this and also mimick the first point of this video. But, I've just myself started
It is because you have made the mistake of starting by investing in companies. You must be very studious of the numbers of each company and the moment of the market to do that. And it's not easy. You should start by investing in ETFs, which contain groups of companies, so you invest in a sector of the market and not an individual company.
Hey, love the content. Was wondering what your thoughts are about starting a discord server where people can discuss stocks and financial ideas and whatnot. Would be nice to have a community where we can actually communicate
I find it interesting how your way of thinking is comparable to mine, including the gym and other metaphors. Perhaps it has something to do with the algorithms.
Do you have any take about low volume for low market cap stocks? I believe that it is very favourable as a small sum investor to enter because it shows lack of interest and research about the stock which help us gain advantage. I would like to have a video about any book regarding this matter if possible. Great video btw. Really appreciate your effort to continue this knowledge journey.👍👍
Love you channel and content. But you have a pretty irregular upload schedule maybe he spent too much time to timesink activities.I think you should make a video about debt and credit score.
PE higher than 12 at the time you bought, or now? You sell them when they pass this level and search for others under it? I have a couple that are near 20, but since the dividend is soo good (related to the price i bought them) i have a hard time ro sell them
That sculpture looks awfully familiar haha... Anyway, would the P/E ratio being under a certain amount be an average of all your holdings? Isn't there always exceptions? Unless that is just knowledge and expertise we must strive to learn at some point in our lives. I'm slowly leaning into more value investing and inverting my line of thinking. It's tough when you're in the moment but can be so satisfying when you're right for once and being patient. I'm hoping to back away from volatile popular stocks, like TSLA, and finding more things within my circle of confidence and things that have much less eyes on them. And never to follow the pack.
Love your videos dude, but you are still young. You don’t get rich by diversifying. Having less then 5 stocks might drive you of the road yes, having much more at any given time will ensure that you stay in your day job!
I think after watching this book summary, I need to order this book for reading myself as well. It is very interesting content inside of books. Thanks for providing the quality content.
Alright, the second try at uploading this video. I thought it contained a major error, but apparently, my brain had only betrayed me in the title and not in the video itself. I took the previous video down in a desperate move, only to realize that it was just the title that was wrong. Anyways, here it is again 30 minutes later, hope you enjoy 🙌
I really enjoy your videos and look forward to them. This book was fantastic. Just look at the reviews. Its not just a great book on investing, but how to live as well.
