WARNING: Since we are growing, there are increased levels of scammers impersonating our channel and that create fake accounts. The only thing we offer is our software and our patreon/discord community. The only place we send people to get access is: ​patreon.com/everythingmoney The real links to our content are located in the description of the video. We never give out WhatsApp numbers and we are never involved in cryptocurrency related things! BE CAREFUL to not call WhatsApp or click fake links. This is happening across the KZread platform on many channels.

@allahallah8922

2 жыл бұрын

please please do a video about qualcomm stock price pridection plese

@allahallah8922

2 жыл бұрын

please please do a video about qualcomm stock price pridection plese

@allahallah8922

2 жыл бұрын

please please do a video about qualcomm stock price pridection plese

@allahallah8922

2 жыл бұрын

please please do a video about qualcomm stock price pridection plese

@allahallah8922

2 жыл бұрын

please please do a video about qualcomm stock price pridection plese

Wow he actually said what he did with his alibaba shares. I though he would actually refuse to talk about it. This is an early update for us, who usually would wait for the quarterly fillings next year. Thanks for this guys! 😄

@EverythingMoney

2 жыл бұрын

No doubt, i was amazed to to be so straight forward .AP

@gauravthadanii

2 жыл бұрын

If he bought at Amsterdam exchange, it won't show in sec filings

@karamsulaiman6605

2 жыл бұрын

Monhish has said in the past that he doesn't talk about current positions, he has however continuously broken that role. However, he is happy to talk about a position he no longer holds. He seems to have stayed true to the second part.

@webentwicklungmitrobinspan6935

2 жыл бұрын

@@karamsulaiman6605 did he say it recently? i feel like his stance might have shifted with his evolution from deep value to gaarp

@karamsulaiman6605

2 жыл бұрын

@@webentwicklungmitrobinspan6935 Maybe within the last year.

I do not know what is more mind blowing: Seth asking directly about individual positions even though Mohnish has been known not to talk about individual positions or him actually talking about his individual positions in response ^^ And his response makes a ton of sense.

@pavelsokov

2 жыл бұрын

same, I thought there was 0 chance we would get an answer

@TheMightyAbs

2 жыл бұрын

@@pavelsokov plenty of people deduced this was the reason he sold and made videos about it. but it's good to have a confirmation in any case.

@DS-ls2jm

2 жыл бұрын

I believe Tencent could have an upwards spike soon...🧐🤑🤑🤗

@sebfox2194

2 жыл бұрын

I do. Getting the answers is way more mind blowing than Seth asking the questions, and it's not even close. The big question that everybody wanted to be answered was about the BABA sale. So that would be top of the priority list for literally every interviewer. There was very little to lose by asking it, and a lot to gain. Since the most likely negative scenario would just have been for Monish to say that he's not going to answer, as he doesn't want to discuss that specific decision. Whereas if he did answer, then we'd be getting valuable info, that a lot of people are interested in. So on a risk to reward basis, it was pretty much a no brainer to ask.

Monish is a great storyteller and explains things very clearly.

@EverythingMoney

2 жыл бұрын

It’s so nice to hear him , so clear .AP

Seth is the GOAT for asking as bluntly as he did

@EverythingMoney

2 жыл бұрын

Thanks for the love .AP

Mohnish Pabrai is basically quoting Peter Lynch. "You buy for one reason, you sell for many differnent reasons."

@tomdallas3690

2 жыл бұрын

99 percent of everything he has ever said, and almost all of investments he has ever made are direct copy cats of someone else. The only original though Mohnish Pabrai ever had in his life was the absurd phrase "Heads I win, tails I don't lose too much", which is moronic at best. The only original investment idea he ever had (he admits to this) is Horsehead Holdings, which he rode to zero, doubling and tripling down all the way. He is one of the biggest frauds in investing history, as he rides Buffet's coattails proclaiming to be a value investor, while he is the furthest thing from it.

Crazy man. He must have really liked and respected you guys to tell the truth. He ducked that question a couple times.

@EverythingMoney

2 жыл бұрын

Yea we where stocked to hear about it .AP

A big time investor usually wont ever talk about their individual positions. I feel the reason why Mohniash disclosed this info was because of Seth, coming across being genuine and making his guest feel comfortable. Great job Seth! You are the voice of the regular investor .

@jdr4674

2 жыл бұрын

No, it is because he wants to make Prosus known and this way reduce the discount on NAV

@moemoe2616

2 жыл бұрын

@@jdr4674 he purchased prosus way before he mentioned it. And mentioning would not lower the price would actually increase it cause the mob see him buying it.

@jdr4674

2 жыл бұрын

@@moemoe2616 That's my point...

One of the best interviews for me in a long time. Before everyone jumps on Tencent they should watch your last few analysis on them. To expensive! The bigger point of interest is Prosus and Naspers. Why Prosus and not Naspers? I just read a write up. Tencent's core businesses earned over $19.2 billion in net income outside of its investments. Prosus' stake would amount to over $5.5 billion, and Naspers' look-through share would equate to about $2.3 billion. Buying Naspers is like you are buying Tencent's core business for 14.5 times 2020 earnings, and then getting all Tencent's and Prosus' other investments for free. Hey guys time to line up a video on these two companies. Now how about getting Charlie Munger on to talk about what company and value he prefers. Awesome job guys.

@ccbill100

2 жыл бұрын

My point was the last few videos these guys put out shows they are. The price is above the companies intrinsic value and just under a 20 PE. I agree in comparison to other quality growth companies it's not a bad buy but when comparing to Prosus just under a 7 PE I see more value. Naspers is under a 5 also. Either way good luck in your investing.

Thank you so much for doing this interview!

@EverythingMoney

2 жыл бұрын

Our pleasure! AP

Thanks for being a unique channel by not wasting everyone’s time with any “here’s what I think” / theory videos. Info straight from the source. AAA content.

So incredibly valuable to hear WHY he sold Alibaba.

I’ve been waiting over a month for this answer, thanks guys!

Wow I didnt expect to have my exact question satisfied. You guys are badass for finally delivering the answer to what everyone wanted to know

This is the video that marks a turning point for this channel. Well done guys!

I have listened to The Dhandho Investor by Monish twice and I couldn't be any more grateful that you guys were able to interview him and extract so many teachings from the man himself. Keep it up guys! I've been a user of your software for 7 or 8 months now and it's worth every penny. On the other side, I wish that this interview changes some beliefs that Paul has as sometimes I think he's too conservative and writes off good companies so easily although I understand that he owns multiple successful businesses and capital preservation is probably more important to him than growing a portfolio aggresively.

Congrats guys. This is amazing. You guys really broke through. Exceedingly happy to see this. I will state the same what i did some months ago, which is, that this channel will be a million subscriber channel within 5years. If this content keeps up. Merry christmas, you bunch of financial rascals!!

OMG ! You just solved one of Value Investing's biggest riddles... Amazing interview! Congrats !!!

I hope you have asked how Mohnish evaluates the RISK of delisting Chinese stocks..Overall great work and questions are brutally honest. Seth, Special Thanks to you for truly representing the audience 😃

@ang5035

2 жыл бұрын

Maybe he doesn’t think it’s a big enough risk to even mention?

Waited for a long long long time for this. Great job guys !

Ha we finally got to this.. BABA and Mohnish, I was looking forward to this. Thanks always for great content!!

@EverythingMoney

2 жыл бұрын

Thanks for leaving a comment .AP

@samyvik2888

2 жыл бұрын

​@@EverythingMoney So, Paul, are we moving to Tencent now? And would be great if you can also ask about BABA, Tencent delisting and what is the recommendation.

@EverythingMoney Thank you for making this. Really appreciate it. Best job!!!

What a legend! really hope you can interview more guys like this (who actually have walked the talk). There is just an overload of advice from people who aren't even millionaires.

Tax loss harvesting confirmed! Great interview guys :)

@Kelsdoggy

2 жыл бұрын

Tax loss and he found a better business to put that money into that’s not listed in the US.

This is pure gold, thanks for all the content!

Damn you Seth, that was smooth! I have been following Mohnish from a very long time now, and still can't believe he gave you such an insight on his recent holdings! Love you man, this community owes you a lot. I don't know about others, but Christmas definately came in early for me this year. Thank you EM team, keep up all the good work! Merry Christmas and a very happy new year!

Guys, This is an awsome interview. You guys nailed it. I thought he was going to skip the subject somehow but i guess Seth just found a way to scoop it out.

Ok let’s buy Tencent and Prosus. Let’s go!! (I am just joking). But now my night is sorter to research those two companies now. Great candidness by Mohnish to be honest and not hide.

And there you have it… my BABA question answered. Great job guys. Thanks

Great video guys! Thank you so much for asking the questions we all wanted to know! I will have to take a closer look at at Tencent, if still be delighted to own Alibaba if he’s comparing it to Microsoft or Google!

@lordraja297

2 жыл бұрын

eyyyy

@EverythingMoney

2 жыл бұрын

Our pleasure! AP

@dande9238

2 жыл бұрын

@@EverythingMoney who is ap

@sufyankhanafridi302

2 жыл бұрын

@@dande9238 let me when he tells whats Ap

Congrats you guys! Luck has a way of favoring the brave. You just happened to be the one that’s in the right place at the right time for Mohnish to reveal his strategy regarding BABA. Now we know Mohnish is done accumulating Prosus shares which is why he’s willing to be so open. Great work!

I honestly thought you were going to get a non-answer as a response. Props to you guys for getting a straight answer.

@EverythingMoney

2 жыл бұрын

So did we .AP

nice one. I think its the first time Monish mentioned what exactly he did with the Baba shares and the thoughts behind it.

Pure respect for this! Thx a lot

@EverythingMoney

2 жыл бұрын

Glad you liked it! AP

Love this series - This is really high quality stuff!

@EverythingMoney

2 жыл бұрын

Totally agree this was incredible .AP

Thank you so much everything money and Mohnish for the insight on Alibaba and Tencent. Absolutely loved it. ❤️

It's surprising to me that he chose Prosus over Tencent given how highly he regards them. Curious to hear his thesis for Prosus and what gives them a sustainable competitive advantage. Monish is a brilliant dude, and so honest. Really appreciate this interview fellas, you've done a great job with this, thank you.

@Pikia666

2 жыл бұрын

With prosus and naspers you get several other assets at discount as well. Smart move.

@sebfox2194

2 жыл бұрын

According to Seeking Alpha, Prosus owns a large amount of Tencent stock, along with a number of other assets. Yet its recent market value was lower than just the value of the Tencent stock that it held alone. So Prosus gives Pabrai exposure to Tencent, and also some other additional assets for a price that is less than the cost of just their Tencent stock alone. He doesn't think that Prosus has a competitive advantage over Tencent, or even that Prosus is competing with Tencent. He just saw Prosus as a way to get exposure to Tencent at a discount to the Tencent stock price. Basically he saw it as Tencent but cheaper.

@jzmotion

2 жыл бұрын

@@sebfox2194 That makes great sense, thank you for the breakdown. I wonder what the advantage of owning Prosus over Naspers would be, any take on that?

@sebfox2194

2 жыл бұрын

@@jzmotion Don't know the exact figures, but I saw a KZread video a few months ago talking about Prosus being at a bigger discount than Naspers.

@Raphael4722

2 жыл бұрын

@@jzmotion Naspers trades in South Africa, so you have less liquidity.

Love this interview..What a great work!

Great Interview already guys!!! Mohnish recently talked about Tencent at a University talk ( Brown I think ) and how he admired the capital allocation Pony Ma is doing each year....I had Tencent way before, but that convinced me to invest even more. Though BABA is slighly larger still... there are so many great businesses and so little 💰💰..........

Congratulations! Home run! Will be your n.1 KZread vídeo!

You guys rock, thank you so much for this!

What an awesome guy for passing his wisdom on! Thank you guys for asking him!

Such thought clarity from Mohnish,wish I had such conviction in my investments, one of the best guests on this channel

This is insane wisdom from someone who risked everything he had to become someone who some people could say can have it all. This definitely represents the quote, “fortune favors the bold.” This is awesome. Thanks for this great content can’t wait to see who else will be on this channel maybe Peter Lynch?🤷 I’m happy that I joined this channel and support the patreon as a OG. Thanks guys keep up the great content.

Wow he is very open watched the whole interview amazing 👌

@EverythingMoney

2 жыл бұрын

Yea that amazed us .AP

Great content you guys produce! What a value you guys add

This is the best interview I ever saw

Guys this is great content with Mr Pabrai. Keep it up! Much better than before!

By golly, Mohnish is awesome. What a great interview! Well done EM team!

I KNEW IT! 😂. Thanks for asking this question!

Thx for asking, thx for responding Monish

Would love to see a video where you guys dive into the complexities of owning Tencent through Prosus. It looks like a good value play but is very convoluted.

@EverythingMoney

2 жыл бұрын

It’s not in the usa so it will get more expensive to trade it .AP

@pornstarpat

2 жыл бұрын

@@EverythingMoney $PROSY

@yuva

2 жыл бұрын

@@EverythingMoney Not an issue for long term holders. I have heard Pabrai talk about Tencent this way, but wondered why he chose to buy Prosus instead of owning the Hong Kong shares directly. One speculation I have is because Prosus has direct ownership in Tencent while the HK shares are still a VIE structure. Am unsure to be honest. I like Alibaba for how cheap it is, but if Tencent is a better capital allocator, makes sense for me to buy and add it to my compounder holdings. I might just buy Prosus as well.

@vncstudio

2 жыл бұрын

@@yuva I got Prosus for its startup investments in India and elsewhere. It trades at a further discount over Tencent but whether it will close the gap remains to be seen. They haven't been successful so far. Still Prosus is a profitable company and doing quite well.

@yuva

2 жыл бұрын

@@vncstudio how would one go about valuing a business like Prosus? Is it a sum of parts analysis?

Ok guys we need a stock analyse of Prosus :-)

@EverythingMoney

2 жыл бұрын

Hahaha , totally agree .AP

Thanks for asking these questions Seth!

Thanks for this interview, especially since he spoke of moves he's making in live time. I wish there were some questions not only on the "upside" and why Tencent is better than Alibaba, but rather questions on the risks associated with each company. Can that army of software engineers run out of things to do? can they continue finding that many engineers, can they continue producing that sort of return? and so on

@webentwicklungmitrobinspan6935

2 жыл бұрын

as a german software engineer i consider working for tencent in the near future because its appealing to me, i know some who are feeling the same. personally i dont see a future where they would run out of stuff to do, just think about how much is not digital yet. someone has to lead the way and why shoudnt it be the company paying crazy salarys to attract the best?

Guys I have to give it to you, you did great asking him about BABA👍👍

Thanks guys for breaking this for us. We all suspected tencent via prosys. Still think baba has a better moat and margin of safety. It strategy is scary. It’s coming for Meituan, Pdd, jd, plus it is finally focusing outside of china. Cloud should take off further. Hoping for a further drop in share price since it would be an even better value

Thanks for getting an answer on this 🙏 Great job!

One of the hottest finance videos of the year. You got my subscription for that 😉

Current bulls on Prosus: Mohnish Pabrai, Guy Spier, Sequoia, Rob Vinall Btw - Prosus does trade in the US (PROSY) but clearly Pabrai bought the Amsterdam listed shares

@jigarsaraiya1428

2 жыл бұрын

You bought PROSY or Amsterdam listed via iB broker ?

@BradKaellner

2 жыл бұрын

@@jigarsaraiya1428 I bought PROSY

@mackiesingh9714

2 жыл бұрын

Yes Brad, Love your channel as well. That's probably the only thing I am still wondering about from his interview. Why not just buy PROSY on US stock exchange instead? Are we missing something here? Your thoughts?

This is very interesting. Great interview guys 👍🏻👍🏻

You solved internets greatest mystery!

I’m based in China. Agree with idea that Pabrai suggests on its superiority vs Alibaba. Hold them both currently but will be adding to my tencent holdings first quarter of 2022.

Incredible scoop guys - great interview with an investing God.

Waiting for this question 😀

Great stuff guys the ONLY channel on internet that got it straight from the horse's mouth .. Awesome

Impressive, a great hit guys (just subscribed).

Best one yet, and u guys are racking up the views!!! Lucky i got in a sub at 90c a day lol can see this heading up soon;)

So nice of Mohnish to explain. I wish I could thank him.

Wow I can’t believe he answers so straight forward. Do y’all have dirt on him or something? I kid. Great interview!

@EverythingMoney

2 жыл бұрын

It’s so great that he didn’t deviate from our questions .AP

@petecheng1

2 жыл бұрын

ya, he always said he won't say anything about his current investments, but he just told us why he sold BABA and bought others.

Well done, guys!

Amazing work guys - congratulations

Wow, not gunna lie I was almost 100% sure he was going to duck the question, great question and response though. Y’all are great.

Where is the Love button, great job guys.

Great job guys!

Tell Monish he is awesome and ask him why Prosus instead of just Tencent please. Thanks for this channel really!

@sebfox2194

2 жыл бұрын

According to Seeking Alpha, Prosus owns a large amount of Tencent stock, along with a number of other assets. Yet in September 2021, its market value was lower than just the value of the Tencent stock that it held alone. So buying Prosus gave Pabrai exposure to Tencent, and also some other additional assets for a price that is less than the cost of just Tencent stock alone.

@college6276

2 жыл бұрын

@@sebfox2194 yes I know, I see the value in this definitely. Still the Naspers Prosus Tencent story seems complicated. Prosus Naspers seem to lose more money than they generate often and the way to have a nice profit , is to sell their Tencent stock… I’ve also heard that the management is very unreliable etc. So just curious what Monish thinks. But thanks!

Terrific interview!

Prosus is listed here in Holland. It has 30% ownership of Tencent. The rest of the businesses they own are startups that don't make any money (yet).

Thanks for this! I really wanted to understand his move, it would have been interesting to know his take on the vie structure of chinese stocks in general and if he thinks its safe

I'm expecting more videos of you shorting, I've been across a few investors that really made it big from shorting, I'm talking about $380,000 in profit within a few weeks and I'd really love to know how and when to short stocks.

@carolg.burrage6479

2 жыл бұрын

Just reach out to a professional for assistance.

@rickeysimmons2895

2 жыл бұрын

@Gabriel Castillo Please, I'd like to know who your financial consultant is and how can I reach out to her?

So how do we buy prosus?

7:10 Paul thinking... Shit, I wish I bought Prosus and not BABA.

@hermannnovakovic9507

2 жыл бұрын

Na man Munger has BABA and BABA is at the time way cheaper

@tixchicken

2 жыл бұрын

why not both?

@Helm971

2 жыл бұрын

@@tixchicken That's what I have, BABA at this price is a steal.

@EverythingMoney

2 жыл бұрын

Hahaha , 8pillar on right away .AP

@hermannnovakovic9507

2 жыл бұрын

You could have both, they are for sure one of the best in the world, and a delisting in the us would be what I hope for you :) it would crash the shares and I could buy the at a low

Great interview and insights fellas.

You guys should create a transparent portfolio with all the stocks you feature on your show that you and the software rate a buy! Even just 100$ per Stock would be amazing to see the performance over time! Like this comment if you agree :) love the content

THIS IT! you rock!!

@EverythingMoney

2 жыл бұрын

Thanks for the love .AP

Jusr bought some Tencent, it’s just on the 200 ema on the weekly. What’s his average?

Well, I think now is a good time to buy some more Prosus... 🤩

I didn’t catch if he commented on the fact of wether baba is worth investing in. He just said that he bought and the reason he sold. He didn’t touch on if baba is worth the risks delist, vie, etc. we all know the value is there but is it worth the risk? No mention of that at all.

I wish you had pressed him on the risk of the VIE structure being dismantled by the Chinese government. I believe this is the main reason my Alibaba and Tencent Holdings which we’re riding high two years ago have been brought so low. Great interview though.

Woooooooow! Thanks Everything Money - I can't believe that you just asked the million dollar question. Well done. Why did we expect any less? This is my Xmas gift arriving early :-) Thanks

Yo at 10:30 I didn't expect Paul the software sales guy to pop up hahah so funny you guys.

thanks for raising the BABA question. And would be great if you can also ask about BABA, Tencent delisting and what is the recommendation. should we convert to 9988 now?

@Kelsdoggy

2 жыл бұрын

9988?

@hermannnovakovic9507

2 жыл бұрын

Why you should not convert? I don't know about the us but in Europe its easy to trade the HKD shares

you guys got the answer as much as no one got … 👍.. though he would say I don’t want to talk about it 😊.. what is the stock he is telling about prosus?

Wow omg guys great video so I’m sure he will be jumping back into BABA when he is eligible after the time frame stipulation for tax loss harvesting

Can someone explain me what he said when asked about where he brought the stocks on the New York Exchange or the Hong Kong Exchange?

Amazing work EM. Did he tell you what the Turkish company he bought was ?

Anyone knows where is the part4 of this interview?

Finally you solved the mistery of Pabrai alibaba sell 😂

I expected someone popular like him to cover all big companies first then make a decision.

Man I like both baba and tcehy!