Пікірлер
@terrygorry 10 күн бұрын
Excellent video 👍
@babyprince84uk 18 күн бұрын
9:50 on why it is difficult to beat the index
@babyprince84uk 18 күн бұрын
I still cannot grasp the part when the investor should not sell the stock if the business exceeds its intrinsic value but is still getting better. I looked at Titan's stock price for the last 10 years and did not see any price difference. MCD, on the other hand, has doubled its revenue and the market's overall PE has increased. This explains why the stock price increased
@chipsun2504 19 күн бұрын
He ahould invest in a better mic
@j.daniel2120 22 күн бұрын
what is your outlook on it today?
@guilhermelana4058 23 күн бұрын
you are AMAZING. Thank you so much. Big hug from Brasil!
@investingiq 20 күн бұрын
Thank you my friend <3
@guilhermelana4058 23 күн бұрын
Thanks!!!! Philip Fischer, Seth Klarman.
@guilhermelana4058 24 күн бұрын
🙏🙏🙏🙏🙏
@nathanielfrank9118 27 күн бұрын
John Huber is awesome, thank you for sharing
@88detox Ай бұрын
Hope you’re okay. Why no more videos? I’m a new investor and your videos come up on KZfaq search. Algorithms are on your side.
@anthonyzanatta771 Ай бұрын
Been trying to figure out how to calculate these numbers for a while, thanks for the clear explanation mate! In the event that you have a negative change in FCF or Total Capital employed, I assume the "change" has to be set to 0 rather than a negative number? Negative changes in both FCF and TCE are leading to astronomical positive value compounding calculations which don't seem right.
@jeremyjohnson2107 Ай бұрын
It's fascinating to see the price for Nvidia in June 2024 as compare to when this video was uploaded! I guess the question for value investors is, "Is NVDA overvalued?"
@investingiq Ай бұрын
Aw man tell me about it. One of my biggest mistakes was passing on Nvidia 😭
@jeremyjohnson2107 Ай бұрын
Your video has been a great help making Rule #1 analysis simple and practical! Regarding the 5 average ROIC calculation, wouldn't 2016 to 2021 only be 4 years, since 2021 isn't a complete 12 months? The ROIC and Revenue average calculations are confusing me, as the ROIC wasn't dropping the latest year (2021) but the Revenue calculation was.
@_.-c Ай бұрын
Stock market investors are parasites. They create no value
@williamneal6251 Ай бұрын
Good grief someone buy Mohnish a better mic
@christiand.7404 Ай бұрын
Lol then you havent listened to Bruce Greenwald. He has 10x worse mic.
@GrowwithAniket Ай бұрын
His CAGR is 56% p.a.
@GrowwithAniket Ай бұрын
CA Rakesh jhunjhunwala is just amazing....
@Mickey_Bauer Ай бұрын
Great video, but i'm not subscribing till you change your haircut 😜
@Sam-ir2te Ай бұрын
I like the formula of this channel. Alot of guest talking interspersed with brief summarisation from the host
@aljacksonartist Ай бұрын
Sounds much like Peter Lynch, who coined the term "multi-bagger." I think the key is moat, or more accurately, the first company to fill a huge consumer need that no one ever realized existed - but doing so with financials and management that ensure the moat is impossible to replicate. So the 3-leg stool is the support, but filling a large unmet need (or "moat") is the driving force. Lynch seemed to rely on common sense, just look around and see for yourself what companies people love that Wall Street hasn't yet noticed. Lynch could spot great moats with mere common sense (as you all can), while Buffett used complex mathematics to confirm if the moat is sustainable. Lynch-Buffett would have been a mega partnership.
@bawabro Ай бұрын
He's the most popular guy in India man, wtf wrong with your title
@mageshwarp5122 2 ай бұрын
Poor audio
@vasanthchandrasekaran3218 2 ай бұрын
A moment of silence for folks who invested in BAB hearing to him
@krissalmon3747 2 ай бұрын
Thanks for the video. In the 12 month version, what happens when the incremental free cash flow number is a positive number and the incremental reinvestment is a negative number, I.e. the firm has reinvested less in the current year than it did in the previous year - a positive free cash flow number divided by a negative incremental reinvestment number yields a negative ROIIC. When, technically, the firm has shown that it has produced additional free cash flow against a lower investment base (which doesn’t sound like a negative thing to me!)
@dgo8509 2 ай бұрын
I just subbed because I love content on Mohnish Pabrai 😂🎉
@moreno3461 2 ай бұрын
He's saying that the best strategy is to buy stocks that go up 100x... wow, what a discovery! My cat could tell me that too...
@marc37921 2 ай бұрын
I think you missed the point. Lots of wisdom in the linked videos.
@rpthanju 2 ай бұрын
Alppreciate your passion.
@givonelli5239 2 ай бұрын
ESTE VIDEO TIENE MUY ALTO VALOR DIDACTICO. MUCHAS GRACIAS !
@anshul213anz 3 ай бұрын
Pl remove the music. It's very distracting. Also, pl speak a little slowly
@PeterParker-wj3cr 3 ай бұрын
I'm a year late. But excellent video! I have a question. I know hindsight is 20/20. You will only know you're investing in a great company after the fact. So even if we look at the walmart example. How could Nick Sleep possibly have known Walmart when it was trading at $0.34 cent back in 1984 would be successful? Back than i'm assuming walmart would of went public pre revenue making it a speculative play.
@RatanMehta 3 ай бұрын
Hi this is an incredible video. I have a quick question. at 7:15 you move to the second part of the sheet. And you use Free Cashflow instead of Operating Cashflow. The explanation you give is that because OCF is already being used for growth through capex. Could you please elaborate this? It seems like a non trivial decision to choose between Operating cashflow and free cashflow and I'm a little lost with why if you've taken operating cashflow in the first sheet, you wouldn't do the same in the second sheet. Thanks, and I love this channel.
@sagarsaxena6318 3 ай бұрын
Titan has actually compounded at north of 40% since last 2 decades. RJ had invested his first lot in Titan when it's marketcap was 125 cr,he kept buying all the way till 3k cr marketcap or so. Today it's valued at 3.33 lk crore...year back closer to 2 lk cr. maybe in $ terms the CAGR is 30% or so.
@cricbuzz1123 3 ай бұрын
Hello, this is a great video. You earned a sub. I do have a question though. When we calculate ROICE for the last 10 years, and it comes out to be say 80% obviously, this is not annual rate of return. How should we interprete it? Does that mean, the business earned a profit of 80% on the total capital that were incrementally invested into the business over 10 years? If that's the case, how do we even compare the ROICE for 5 years and say 10 years.
@investingiq 3 ай бұрын
Hello. Thank you for your comment. You are correct, it is an overall rate of return over a time period, not an annual rate of return. So over a 10 year period, the total capital employed during that period had a return of 80%. Let’s say over a 5 year period, it was 50% (for example). This can be interpreted many ways and understanding the business is key to knowing why. Is the business slowing down or are profits lower due to high reinvestment? Maybe it’s being invested in a long term plan that will not show up in profits (return) for many years, such as Amazon with Prime, AWS etc. You compare them by simply calculating both and observing the differences, and trying to read between the lines and understand why. It’s more about understanding why the business generated high returns and will continue to do so, rather than just calculating the numbers and making decisions based on that. Otherwise one could just create a spreadsheet with the highest ROCE companies and just buy those. If you like to be really thorough, you can also calculate the return year to year to get your annual rate of return and you can also compare those with the 5 year and 10 year numbers. I hope that helps!
@abhisheksaini2501 4 ай бұрын
No one can predict. One important thing no one talks about is that if you have a capacity to buy a percentage of a company, opportunities come to you. They don't spend time on youtube or CNBC to get ideas.
@suvrojotibhunia5627 23 күн бұрын
How is that?..you can buy a percentage and company goes bankrupt , what will you do next?
@sakacocox267 4 ай бұрын
Not heard of? RJ is very popular than you think atleast within Indian subcontinent
@JamesonSharp 4 ай бұрын
Hey Mate- Your doing a Hell of a Job sharing Value investing segments and breaking down Mohnish and others vids. Thank you Brother. Your awesome man. Maybe I meet you one day at a Value investing event. 👍👏🙏
@cz7886 4 ай бұрын
Please come back
@animalspirit77 5 ай бұрын
ESG = WOKE BS
@VGBPebble 5 ай бұрын
Nice explanation and examples. Thank you for the video. Learned a lot today.
@animalspirit77 5 ай бұрын
Great content
@post_eternity 5 ай бұрын
26% is too much, even warren buffet over his life time is just 20%.
@grizzlephotovideo 13 күн бұрын
That’s because once you get so big, you can no longer invest in smaller companies. Warren said if he was working with only $1 million he could get 50% returns.
@Grimscribe732 5 ай бұрын
Awesome video, glad I found this channel, subscribed!
@dannthegentleman4261 5 ай бұрын
Burry has a very flashy investing style, he makes big moves and predictions that makes him either the biggest genius in the world or the dumbbest kid on the block.
@georgekush349 5 ай бұрын
Hey, awesome video. Where can I find the video of Mohnish responding to stock tips that you mention? Thanks
@CaioBarini 5 ай бұрын
Excellent video. Thanks 🙏🏻
@pradeeprawat8135 6 ай бұрын
As per Rakesh from record. He never did intraday trading. Those trading bets were more like bet on changing fundamentals of company. Although most of his wealth is generated through investing. He calls his trading activity as his mother of wealth. No one can generate great wealth without huge capital or a very long compounding runway. One needs to do short term trading based on fundamentals (and yes it's way harder than anyone can think).
@sagarsaxena6318 3 ай бұрын
You are absolutely wrong. He did a lot of trading & all his early capital was built via futures & options. He has said on multiple occasions that trading is the mother of his wealth.
@danbuffington75 6 ай бұрын
I think it is important to consider the difference in trading and investing. The Graham model was trading, and these are the "cigar butt" stocks that Buffett talks about. Buffett has built his business operating like Thomas W. Phelps and a lot of Buffet's witty jokes and observations come directly out of Phelps' 1972 book. That book is the real Buffett model, not Graham. Graham was a trader, not investor.
@cullymooly722 6 ай бұрын
🎯 Key Takeaways for quick navigation: 02:46 Focusing *on multi-baggers, businesses that can 10x in 10 years or 100x in 20 years, is the best approach in value investing, according to Mohnish Pabrai.* 03:15 The *multi-bagger approach requires a mindset shift: don't sell even if a position becomes overvalued, prioritizing compounding over traditional value investing principles.* 08:49 Pabrai *cites examples like McDonald's, Walmart, Coca-Cola, Visa, and Mastercard as businesses with high-quality fundamentals that became long-term compounders.* 09:18 Chuck *Akre's "three-legged stool" for multi-baggers includes high returns on invested capital, integrity in management with insider ownership, and a very long runway for growth.* 11:35 The *four crucial factors for evaluating a business in the multi-bagger framework are high returns on equity, minimal reliance on debt, high-quality management, and a long growth runway.* 13:01 Despite *potential high prices, a business with a long runway and proven growth can still be a great value investment; skepticism is essential for value investors.*