13:04 this interview (taken in 2011) will never get old.

Forbes' smile makes babies cry...

This guy called Gamestop 10 years ago!

@mahimdhungel6777

2 жыл бұрын

I was thinking the same thing

Wonderful interview. Thank you Forbes for posting.

@jamesram4869

9 жыл бұрын

YA thanks for posting. forbes.

@suestreets8891

4 жыл бұрын

yeh been there tried and tested with manager won the mangerment 2 times yeah know all about it

Smart guy. Like his approach

Very interesting interview!

Right. That part also doesn't make sense to me.

INVESTORS WITH FORBES. That good. Thing to do

Word up

Where is the Benjamin Graham article from 1978 in Forbes? Can't find it

@BuyTheDip627

7 жыл бұрын

Rob U Have you found it?

i like your idea.,i like telecom counters

@24:24 Most school don't teach Benjamin Graham.... Nice.

Steve you have a very interesting program, would be Very Good if you could speak a little louder, turn up the mic !

10:00 top stuff

If you're in a market-cap-weighted index, your stake in a company becomes larger when the stock price of that company goes up. Every time a stock is overpriced, the negative effect on your return is amplified because, not only is the price too high, but you own more of it. If a stock becomes underpriced, you own less of it. The more underpriced it is, the less of it you own.

@lorenzmuller3542

2 жыл бұрын

Exactly. I do stock picking, concentrated, contrarian, long-term. But I usually recommend a equal-weighted index fund to people who don't wanna bother with research, don't have time or interest. $RSP for instance.

@simrans3675

Жыл бұрын

@@lorenzmuller3542 Equal weighted has really underperformed the S&P index though...last 5/10 years. Also, how often do you rebalance/buy/sell/exit your picked stocks? Seems like managing a hand picked selection of stock requires constant managing, being on top of all news/updates, exiting if there is a sudden bad news, tax mess....phew!

@lorenzmuller3542

Жыл бұрын

@@simrans3675 It should work out well with where the FANG valuations are at. I try to hold my positions as long as possible or sell once I see a better risk-reward elsewhere. I usually focus on small and micro cap cyclicals, so I try to hold them for a full cycle, maybe 5 years, sometimes longer. But the bad businesses you got to sell eventually. There is a ton of money to be made in energy services or mining for instance!

True. The part about market cap isn't necessarily true. For example his formula now recommends buying Apple as being in top 50 undervalued companies. :)

@victorostlund1192

4 жыл бұрын

Sure would have liked owning that

@finsimple4396

4 жыл бұрын

Victor Östlund Yeah, wish he listened the that formula and bought apple huh. 400% return.

@playboilit2424

3 жыл бұрын

This has aged so badly...😂😂

Read The little book thar beat the market, and will now buy the big secret for the small investor! Many thanks indeed for all you fascinating findings and work. Hi from Spain!

@simrans3675

Жыл бұрын

Yo, gimme your book, yo

gameeestopppp

Astonishing how stupid people are not to grasp the wisdom Joel is providing for free here.

Touche` 1992

Stonks only go up

Charges too much in his fund" and Benjamin Graham did support the index only option"

13:04 Gamestop (GME) is still on your list 5 years later. It's funny he mentions that, because I think Gamestop is a classic example of a value trap.

@roake0331

5 жыл бұрын

@A one legged man You would still be good if you bought last year with that divi

@finsimple4396

4 жыл бұрын

Michael Burry bought in too, so who knows.

@Bulbuzor

3 жыл бұрын

Oops

@Mogwai88

3 жыл бұрын

@@Bulbuzor lol

@Bulbuzor

3 жыл бұрын

@@Mogwai88 Turns out value traps aren't a thing, they're just improperly valued (not that I would've figured this one out).

take a shot every time he says ughhh

@simrans3675

Жыл бұрын

😂🤣

steve is funny

His funds are expensive, mgmt fees of around 1.35% per year. Not cheap and it eats up a large part of the advantage he supposedely thinks he providing through his system.

BS is Bachelor of Science...

1:52 This is plowing the same field as if its new. This is what Peter Lynch wrote two books about around 20 years ago, Beating the Street and One up on Wall St., same idea.

@jamesram4869

9 жыл бұрын

why are billionaires writing what is basically childrens books related to investing ,and 3 of them nonetheless

@DexterHaven

7 жыл бұрын

James Ram How do you think they got to be rich? By never underestimating the ignorance of the public.

@jamesram4869

7 жыл бұрын

ya...

@jamesram4869

7 жыл бұрын

i dont tihnk they write them even ,someone else does it and puts their name and they make money

@finsimple4396

4 жыл бұрын

Pure ignorance, two if the greatest best performing managers of all time with similar value sets are just frauds? Averaging 20%+ for over a decade made them rich. I know fund managers who hold Joel Greenblatt’s books higher than Benjamin Graham’s, so can’t really call them “children’s books.”

Don't look like he has beat the 500 since this was published

Two Books....3 Books....More $$$$$

@dogestranding5047

4 жыл бұрын

You got a problem with someone making money?

@assassinaria

3 жыл бұрын

@@dogestranding5047 Yeah. That person needs to be me 😂

USA should keep it self away from this brutal act or same it will have destiny like USSR which also behave in this way

AAAAAAHHHHHHHHHHHHHHHH

ughhhhhhhhhhhhhhhhhhhhhhhhhh

weird interviewer

if hes such a great investor why is he not talking about businesses, and which businesses he likes. all he talks about is stocks and indices... "for the people" thats weird.

@simrans3675

Жыл бұрын

He isnt going to give away his secrets for free. He makes his money that way, you know. Pay him yo

Smart guy. Like his approach