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Both the DINO’s stuff and valuation have always been expensive. Yet more stores, more customers, more top and bottom line and the higher stock quotes each year since the 2017’s IPO. Even in the USD down only last year but only -5.7% and only in the 2021 beaten by the SPY. The CAGR over +40% with the P/E never below 25. Maybe the company's story mirrors Walmart however these are middle-sized supermarkets with the EBITDA margin twice as high. The customers here value convenient locations and the local ownership (fed up with the foreign brands) more than the price. There is an even smaller, more numerable, higher margin, privately owned domestic chain Żabka (“froggy”) almost everyone has an experience with. DINO is still unexplored by a pretty large population. No wonder it was impossible to meet with the owner/CEO. He (the wealthiest Pole) doesn't even have a smartphone or an e-mail address.
Congrats to you both on this fantastic episode. I am looking forward to your deep dive into Dino. Good on you that you collected some during the dip, Clay. I did that, too. Now almost 8% of my portfolio, sitting right at the top.
Great interview. God questions, i like that let The guest do The Talking. This made me curious, what is The swedish Stock Shree owns? I was convinced it was Teqnion until The end😂
May i also remind clay that Mr Monish pabrai too invested in Kotak Mahindra bank in those 90's and i believe he made a killing besides Satyam...There are many of these examples ..recently a story ran about a man who sat on a stock MRF here in india.He had invested and went into coma..But he started recovering and he asked his grand child to check for the stock certificate..The grand child brought the certificates and he rang a tv network to find out what would be the value and guess it was 130 crores..
Skin in the game not so important. Many top investments have little skin and some terrible investments have lots of skin. Regarding doing nothing, think of it like time increasing the margin of safety. Especially important when there is uncertainty about the maximum purchase price.
The comment about only 4% of US stocks outperforming treasuries is simply wrong. This is only true if you lump in all the money losing stocks with the 96% remainder, which is hardly fair. A better analysis shows about 35% of stocks outperform the index average over the long term. That is still less than the 50% you might guess, but not nearly as skewed as is implied by the 4% nonsense!
Time frame changes everything. Over 20 years maybe 35% of the stocks of 100 years maybe 4%. Over 300 years maybe 0.001% all company eventually die so.. I don't know if that is relevant at all.
Always apply the filter for wisdom and knowledge you get from active fund manager and try to rely on books that is printed information then spoken knowledge...error rate in printed matter is low than spoken matter. Peter Lynch was not be able to give that knowledge when he was actively managing fund, the real knowledge he gave only after retirement through one upon the wall street and other books.
In a bear market, the media highlights unfavorable events, such as a shrinking economy, geopolitical instability, cultural and legal conflicts, or a mixture of these factors. Recently, I came across a podcast featuring someone who successfully multiplied their initial investment from $120k to nearly $460k during this challenging market phase. Can you give advice on how to achieve such aggressive profits in such short periods?
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Please provide a timestamps for the video. thanks
Came here for financial advice and ended up dissolving my Ego and attaining Enlightenment! Thank you!
Glad you found it valuable! 🙏
I really enjoyed this interview with Shree. One of the most thoughtful and kind person that I have met in my short experience as investor.
Glad you enjoyed the interview!
Both are shopping for shirts in the same shop :)
Loved this interview! Thanks Clay. This guy is as thoughtful and thorough as they come. Want to reach out to him.
Glad you enjoyed it! I thoroughly enjoyed chatting with Shree.
Both the DINO’s stuff and valuation have always been expensive. Yet more stores, more customers, more top and bottom line and the higher stock quotes each year since the 2017’s IPO. Even in the USD down only last year but only -5.7% and only in the 2021 beaten by the SPY. The CAGR over +40% with the P/E never below 25.
Maybe the company's story mirrors Walmart however these are middle-sized supermarkets with the EBITDA margin twice as high. The customers here value convenient locations and the local ownership (fed up with the foreign brands) more than the price. There is an even smaller, more numerable, higher margin, privately owned domestic chain Żabka (“froggy”) almost everyone has an experience with. DINO is still unexplored by a pretty large population.
No wonder it was impossible to meet with the owner/CEO. He (the wealthiest Pole) doesn't even have a smartphone or an e-mail address.
Congrats to you both on this fantastic episode. I am looking forward to your deep dive into Dino. Good on you that you collected some during the dip, Clay. I did that, too. Now almost 8% of my portfolio, sitting right at the top.
Thanks so much for watching!
Great episode!!! One of your best ones
Thank you so much! 💡
I’d have loved if he’d gone deeper into his fundamental analysis of some different businesses
Shree has done a number of talks that are posted on his website. He talks in-depth about his investment process. I've enjoyed tuning into them!
Proud owner of Dino Polska shares here
Right there with you Brad!
Are there links to these guys mentioned by shree at the 1 hour marks? Their names I couldn't get all of that.
thanks great interview
Thank you so much for watching! 🙏
No. Thank you!@@WeStudyBillionaires
I loved the Dino Polska discussion. Always great to learn about businesses outside the most popular handful of countries
Glad you enjoyed it! Dino is a fascinating business with a lot to like as investors. Their strong and consistent growth is remarkable.
I could not find the book titled "My Hoop Dreams" written by Phil Jackson. The closest title written by him is "Scared Hoops".
Ego taming part loved it.... Key part for every Individual i think to succeed in anything in life
That part was brilliant. "Ego is the primary source of problems." (!)
Thank you for tuning in!
Great interview. God questions, i like that let The guest do The Talking.
This made me curious, what is The swedish Stock Shree owns? I was convinced it was Teqnion until The end😂
Evolution AB - provider of online games to casinos
Shopify
Market rewards inactivity!
May i also remind clay that Mr Monish pabrai too invested in Kotak Mahindra bank in those 90's and i believe he made a killing besides Satyam...There are many of these examples ..recently a story ran about a man who sat on a stock MRF here in india.He had invested and went into coma..But he started recovering and he asked his grand child to check for the stock certificate..The grand child brought the certificates and he rang a tv network to find out what would be the value and guess it was 130 crores..
Skin in the game not so important. Many top investments have little skin and some terrible investments have lots of skin. Regarding doing nothing, think of it like time increasing the margin of safety. Especially important when there is uncertainty about the maximum purchase price.
What ticker and broker did you use to buy Dino stocks in the US? Thank you .
I used Interactive Brokers. Ticker $DNP.WA. I should also mention I am based in the US.
Robinhood
Charles Schwab
❤🤝
Lol he sounds like he’s a 15yo trying to hustle me out of lunch money - Great interview 🙌
Thanks for watching!
10000rs in 1992😮
The comment about only 4% of US stocks outperforming treasuries is simply wrong. This is only true if you lump in all the money losing stocks with the 96% remainder, which is hardly fair. A better analysis shows about 35% of stocks outperform the index average over the long term. That is still less than the 50% you might guess, but not nearly as skewed as is implied by the 4% nonsense!
Time frame changes everything. Over 20 years maybe 35% of the stocks of 100 years maybe 4%. Over 300 years maybe 0.001% all company eventually die so.. I don't know if that is relevant at all.
And if you think about it we are all going to die anyway in the end so let's just all buy crypto and say 🦆 it
Always apply the filter for wisdom and knowledge you get from active fund manager and try to rely on books that is printed information then spoken knowledge...error rate in printed matter is low than spoken matter. Peter Lynch was not be able to give that knowledge when he was actively managing fund, the real knowledge he gave only after retirement through one upon the wall street and other books.
In a bear market, the media highlights unfavorable events, such as a shrinking economy, geopolitical instability, cultural and legal conflicts, or a mixture of these factors. Recently, I came across a podcast featuring someone who successfully multiplied their initial investment from $120k to nearly $460k during this challenging market phase. Can you give advice on how to achieve such aggressive profits in such short periods?
1.25x