Have you read Chris Mayer's book or are you planning to read it anytime soon?

@Naz-yi9bs

3 жыл бұрын

I watched that interview by Pabrai and definitely plan on reading that book. Also, thank you for a summary of the interview!

3 жыл бұрын

@@Naz-yi9bs Hi Naz. Thanks for your comment! Let me know what you think of the book once you have read it. Chris Mayer's blog is already very good.

@dogsitterlife5023

3 жыл бұрын

I'm almost finished with it. It's a good read and I have new goals for investing!

@phantomcreamer

2 жыл бұрын

Maybe after grad school. For now, listening allows for me to multitasking at work. My investment reading is usually in the form of analysis of sec reports and earnings calls.

2 жыл бұрын

@@phantomcreamer Are you using the quartr earnings call app? Can recommend it.

I imagine it's easier to find a couple of 5-10x companies to compound your investment instead of a single 100x name, it takes *a lot* of discipline to hold on to an investment until it gets to 100x.

3 жыл бұрын

I actually agree with you Petar.

@christopherstewart9874

Жыл бұрын

It is no harder, in that the process is the same. You cannot know in advance if a company will be a 5 bagger or a 100 bagger. You only know after the fact. However, you must have the patience to allow a company to grow as much as it can. The only thing that is absolutely certain is that you will never have a 100 bagger if you sell your 5 or 10 baggers.

The best way to create wealth is to own a business. People are obsessed about owning a small portion of a big pie, but billionaires start by owning the entire pie when it is small. The mathematics will never favour an investor as you need to already be a HNWI to make money in investing. But for a business owner, he only needs to add value to make 100 times more money than the investor with 100 times lesser investment, so basically he makes 10000 times more than an investor. Thats why a 100,000 invested in fb or google early on, would made the investor 10 million but the owners 100 billion in the same time. A difference of 10000 times more.

Are you actively looking for 100-baggers? I actually think investors should focus on potential 10-baggers first.

@aitorpiedrahita814

3 жыл бұрын

With 10x in 10 years I will be more than happy!

@dogsitterlife5023

3 жыл бұрын

I will try for 100 baggers and be " disappointed" when they are only 10 or 20 baggers

@christopherstewart9874

Жыл бұрын

I disagree completely. You cannot look at two companies and decide this one can be a 10 bagger and this one can be a 100 bagger. Focus on companies that have the potential to grow dramatically over the next 20-30 years. Some will be 10 baggers. A few will be 30 baggers. Maybe one or two will be 100 baggers. However, it is absolutely certain that you will never have a 100 bagger if you sell all your 10 baggers. It takes time and it takes patience.

Your videos are very valuable in itself...5* Thank you

2 жыл бұрын

So nice of you

Appreciation comment: Thank you, the video was insightful and the links of material provide was cherry on cake

3 жыл бұрын

Thanks for taking the time to write this 🙏

Thank you for your insightful lecture. It is really apprecaited.

Жыл бұрын

Glad it was helpful!

Great video mate, I'm a big fan of Chris's book, some great take aways from Pabrai latest videos, I have been making a vid around this as well lol. have you been looking into shinoken? I find it pretty interesting.

3 жыл бұрын

Hey! Haven't seen that you have done a video too, I'll check it out! Yeah, honestly, I feel like most of the talks Pabrai uploads are extremely educational, but once you have watched a few of them, it can at times feel a bit repetitive. But that Beijing talk was certainly very fresh and basically he talked about things he never talked about before. I loved it! I had to google what Shinoken is haha. Did Pabrai mention the company in his talk? I must have missed that.

@Neil.Denize

3 жыл бұрын

@ I'm still working on the video, I'm having a crack at making a doodle-style video which is pretty slow going but I need to polish my video editing a bit try and get them as slick as yours. Yeah I agree about Pabrais chats do get a little repetitive but I don't mind, I need to hear things a few times to make them stick lol. He mentioned Shinoken only briefly in a chat he did with a manual of ideas, it's his most recent purchase the company has a lot of traits of what he has been talking about recently I feel. There is a good thread in the corner of Berkshire and Fairfax website if you are interested in reading more about it.

3 жыл бұрын

@@Neil.Denize Thanks for pointing this out!

Will we get step 4 of the 100 baguette?

Is historical performance less important when it comes to potential 100-baggers then?

3 жыл бұрын

I think excellent historical performance is a good indicator (no guarantee) that the business possesses some kind of unique characteristic that it allows it to continue to do well. But you need to have a good qualitative understanding of why the business will continue to prosper.

Terrific filter to quickly say No. Can this business 10X in 10 years and 100X in 20. That’s 26% per year. How fast can I say No?? Starting at the A’s and focusing on working toward the Z’s daily 📈

Жыл бұрын

Sounds like a winning formula.

You should buy and hold strategy. Dividend growth stocks rising dividends

3 жыл бұрын

I am a big believer in buy and hold. However, I actually prefer companies that do not pay out dividends.

@lovermaker4601

3 жыл бұрын

@ they mayby rising faster or then they are down years without dividend. I like dividend growth stocks and yes i have growth stocks too but not so much. Little dividend and stock growth faster than high dividend stocks. But also i love reits

3 жыл бұрын

@@lovermaker4601 Obviously, one can do well with both dividend-paying stocks and stocks the reinvest 100% of their cash flows. One has to find what suits one's personality.

Did this guy introduce something different than Chris Meyer did?

@gurbaxassie4864

3 жыл бұрын

Not really but he's explained it well

Isn't this the strategy that VC use in their investments?

Жыл бұрын

What exactly are you referring to? Buying small companies? Well, I guess they'd claim their their strategy is a little more sophisticated. And VC investments probably follow a power law distribution more than public market investments.

@raoplns

Жыл бұрын

@ agree. VC typically looks for a 100 bagger potential in each investment they make. But they may be investing in many and only a few reach that stage. A public listed is less risky as it has proven it's business model to a great extent compared to a VC investment.

👍

10 ай бұрын

🔥

@paulevans2246

10 ай бұрын

@ love your channel. Great education. I’m progressively working back through the vids 🙏😃