I believe that in Europe, the situation is different and that value investing does make sense, because we don’t have those massive companies that dominate the entire index. What i see in the US is possibly a bubble the prices of these stocks in the US don't make sens. Would love if you would take a look at that also has this magnificent seven effect been caused by the weighted indexes?
I find interesting the idea that the sector markets tend to consolidate, e.g the three biggest banks take 90% of the market. This is about stock market, not necessarily about the real market? Or we tend to transform in a monopolistic society?
Thanks for sharing these amazing insights and the research you have done. How about looking at Price/Earnings instead of focussing on Price/Book ratio. Especially with momentum driving the prices. Understand PE is still an important metric, but how much to layer in the current times.
Are you measuring how much you’d pay for $1 of profit or are you valuing how much you’d pay for a firm’s net assets? bc they’re two different multiples for two different purposes
Thanks for the research and brought arguments, which must certainly make you reflect. We do not know how to predict the future, but it seems on the basis of the statistical data reported that there is actually a "magnet effect" increased compared to the past, a force of attraction of capital that increases, as the capitalizations of the largest companies increased. And this is in accordance with what my grandfather said: (money / wealth is behind / follows / joins / increases, together with the quantities accumulated previously, in the various cycles and economic phases). After all, it is not the essence of what we call "capitalism"!?
this guy challenged buffet and said his returns are based on luck. 40 years later buffet is one of the richest people on earth. and this guy is still saying value is dead & predicting small caps will underperform for the next 100 years 😅. signs of a bubble.
Munger taught Buffet to abandon most of Graham's teachings in the 1970's or so. Charlie's theorem was "A great business at a fair price is superior to a fair business at a great price..." That is essentially what made Berkshire what it is today. Not Ben Graham's value investing. Dr Damodaran is spot on.
Berkshire’s performance record over the last 20-25 years is about dead even with the S&P 500. Buffett’s performance from 30-60 years ago isn’t relevant to your argument. The great performance from the early days ended around 1999.
@ that's because the game gets harder the larger the corpus. lol. you're talking to a multi-millionaire that started with $4200. a college dropout. those who can't teach.
@@rickfool1452 Yes I agree the game does get harder the larger the pie becomes. And I started with zero and made millions for my business partners, served in the military and paid for 100% of my education. And have owned Berkshire stock since the 2000 year. But even Buffett said several decades ago that he expects to outperform the S&P 500 by 2-3 percentage points. And that hasn’t been the case for the last 20 years. Yet somehow Buffett never addresses this, his words seem to have no meaning because he doesn’t hold himself accountable for his own statements.
consider myself very lucky to have discovered your teachings over a decade ago
An amazing talk by an amazing Professor! We are in your debt Dr!!
Food for thought for a long time value oriented investor... Thank you for the information.
Thank you professor for the research and knowledge ❤
I believe that in Europe, the situation is different and that value investing does make sense, because we don’t have those massive companies that dominate the entire index. What i see in the US is possibly a bubble the prices of these stocks in the US don't make sens. Would love if you would take a look at that also has this magnificent seven effect been caused by the weighted indexes?
Thank you Professor!
Thank you for the insights.
Thank you very much sir😊
So "stick to your plan" is what I heard. Or was it?
You proved the Pareto principle in this
Great talk .. lot of spam comments around ADX Adaxum..
I find interesting the idea that the sector markets tend to consolidate, e.g the three biggest banks take 90% of the market. This is about stock market, not necessarily about the real market? Or we tend to transform in a monopolistic society?
Thanks for sharing these amazing insights and the research you have done. How about looking at Price/Earnings instead of focussing on Price/Book ratio. Especially with momentum driving the prices. Understand PE is still an important metric, but how much to layer in the current times.
Are you measuring how much you’d pay for $1 of profit or are you valuing how much you’d pay for a firm’s net assets? bc they’re two different multiples for two different purposes
❤❤
Thanks for the research and brought arguments, which must certainly make you reflect. We do not know how to predict the future, but it seems on the basis of the statistical data reported that there is actually a "magnet effect" increased compared to the past, a force of attraction of capital that increases, as the capitalizations of the largest companies increased. And this is in accordance with what my grandfather said: (money / wealth is behind / follows / joins / increases, together with the quantities accumulated previously, in the various cycles and economic phases). After all, it is not the essence of what we call "capitalism"!?
Thank you very for your knowledgeable sharing 🙏
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this guy challenged buffet and said his returns are based on luck. 40 years later buffet is one of the richest people on earth. and this guy is still saying value is dead & predicting small caps will underperform for the next 100 years 😅. signs of a bubble.
Munger taught Buffet to abandon most of Graham's teachings in the 1970's or so. Charlie's theorem was "A great business at a fair price is superior to a fair business at a great price..." That is essentially what made Berkshire what it is today. Not Ben Graham's value investing. Dr Damodaran is spot on.
Berkshire’s performance record over the last 20-25 years is about dead even with the S&P 500. Buffett’s performance from 30-60 years ago isn’t relevant to your argument. The great performance from the early days ended around 1999.
@ that's because the game gets harder the larger the corpus. lol. you're talking to a multi-millionaire that started with $4200. a college dropout. those who can't teach.
@@rickfool1452 Yes I agree the game does get harder the larger the pie becomes. And I started with zero and made millions for my business partners, served in the military and paid for 100% of my education. And have owned Berkshire stock since the 2000 year. But even Buffett said several decades ago that he expects to outperform the S&P 500 by 2-3 percentage points. And that hasn’t been the case for the last 20 years. Yet somehow Buffett never addresses this, his words seem to have no meaning because he doesn’t hold himself accountable for his own statements.
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