I love it when finance TH-camrs reveal their failures instead of pretending to be godly beings. It is a true manifestation of self esteem and respect to viewers. Kudos Sven for being transparent.
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I agree 100%. It's human tendency to brag about wins and diminish mistakes, even though mistakes are where we do more learning! This is a great video with valuable insight
Every investor should strive to make a video like this. If only for him or herself. Facing your past decisions and trying to learn from them is very hard to do in this space.
Great video. Unfortunately, not too many people are able to acknowledge their mistakes in real life and learn from them and on TH-cam it is even more rare! Kudos to you Sven for doing this video - you have earned a lot of respect by doing this!
Sven, you convinced me to buy Baidu and Alibaba, but you also gave me Albemarle. I have sold Baidu, I am still hanging on to Alibaba hoping for better times, and I grin 🤑 every time I look at the gains from Albemarle.
Maybe your best video. Some people love to give credit to people for being transparent with their portfolio's and reasoning, but I think transparency with your mistakes and what you learned is more valuable. Any idiot can tell you what they're doing and why. It takes real integrity to admit what you did wrong and why.
what a classic video. Honest and very helpful. Thank you for sharing. Sharing my summary and notes for others: Summary: - apply common sense when buying business - is business providing true value to its customers right now? if not, thats speculation. - stick to low risk/high reward. avoid high risk. identify high risk as low probability in future, geopolitical risk, IPO, value trap, scammers, cyclic businesses - Value investing is about patience - wait and wait to bet big - Stay within your circle, apply first principle - The best investments are buying quality businesses heavily concentrated patiently waiting for the right price Details: - Peter Lynch - Its okay to do mistakes, keep looking for the top stocks, even if 6-7 out of 10 perform as expected, you are a winner. - FRAUD: If something smells fishy, avoid it. Look for short seller report, balance sheet. Stay away from bad business model - SELLING TOO EARLY: Stay anchored if you believe in your analysis. Adjust the thesis if necessary when stock booms, might be even better value (for self, I remember selling Tesla because everyone around me was telling me to sell) - HIGH RISK: - Stay away from High risk - e.g. IPO, few qtrs of growth doesn’t mean shit. People look at 10 year history and only them invest. There are many businesses in the world, focus on the best ones if you can find same high return with low risk - Geopolitical risk - China, Argentina, etc. Avoid them if possible - Identify the size of the risk 1st - If its too high, or the probability is high or even ≥ 30% then, avoid it. - Stay away from Shady management - especially if they have track record. - Avoid Value Trap - How to tell if a value or cheap stock is a trap? - If its unclear what true business value it will give to its customer. (apply common sense) - Avoid cyclic business - especially do not buy cyclic business in their peak or high side. - **INVEST HEAVY IN YOUR CURRENT PORTFOLIO**: Buy more of good that you already own that keeping the size small (e.g. I bought Apple, but only few shares, I should be buying more) - GROWTH WILL STOP EVENTUALLY - Growth stocks end up becoming Value stock - **INVEST IN YOUR CIRCLE OF COMPETENCE** - THAT YOU UNDERSTAND - DO NOT JUST TAKE ANYONE’s WORD. People in TH-cam and new channels have incentive to tell you to buy buy buy, thats how they get more views, hence don’t take anyones advice just as-is, even Warren Buffet - APPLY FIRST PRINCIPLE ALWAYS. - **BE CONCENTRATED AND FOCUSED**, NOT DILUTED - Make your investing boring - Buying too early when you know it can go lower - Patience and Discipline is value investing - **Value investing is about waiting for 1 out of 10 of your great ideas to reach absolute bargain with little downside and very high upside** - Avoid taking speculative bets or keep that to minimum (== none) - Be clear are you investing in speculation or value - If a **business is providing immediate value** (e.g. revenue, dividend), **then its not speculation**, but if there are future speculation that this business will go 100x in future, future being unknown, then reduce that risk - (e.g. BAIDU in robotaxi, Facebook in META) - **The best investments are buying quality businesses heavily concentrated patiently waiting for the right price**. Focus on great business at fair price, not fair business at great price
Thanks for this video Sven! I've seen more than 100 hundred of yours and this is likely the best for me. Very personal, which is something to appreciate. Hope you stay that personal in the future, It will help people engaging with you.
Great respect to a person who described his mistakes in such an open way, admitting unwise decisions and categorizing them. Thank you, sir, indeed, a lot to learn here.
Probably the best video I have ever seen. If you are not planning to include this in your next book you should definitely consider since it's a pure gold mine.. Taking a step backwards and comparing your mistakes against with my little journey I could clearly see similar mistakes in my investing behavior. So thank you!
@Aru Bucar, Sven was called out in 'private' by research platform members, as well as in public just about 1 month ago, no choice but to recognize and address it
I think this is your best educational video ever. I find patience as the most difficult skill. It is also very difficult not to copy people you are mesmerized of, for example I blindly followed Ray Dalio, as many people blindly follow and copy Munger or Pabrai choices without having an own real convinction or knowledge in that choice.
you always think they know more than you as they are professionals with all the info - but the truth is the unknown is impossible to know, also their risk tolerance!
The lesson I learned from this video was just to buy Berkshire Hathaway. Then there's no need to watch TH-cam investing channels for stock ideas, free up loads of time and avoid all the mistakes.
berkshire makes mistakes too - buffet admitted he missed a massive opportunity to load up at the beginning of covid - just buy the index thats less risky
Thank you very much for sharing such valuable knowledge, we all do mistakes, the important is to realize it quick and then review and change the strategy of entire portfolio.
Another great video. Thank you. Are you going to write an update to your book ‘Modern Value Investing’? Why don’t you have it on the bookshelf? May I suggest: 1. Include references to your book when making important points about investing such as the meaning of risk and the importance of the value/price relationship. 2. The red ‘pen’ doesn’t add as much as hoped for. 3. Using the dotted ‘box tool’ was ok.
43:55 how would you know how low BABA would go? at the time you made the first video, it still seemed like a bargain as the company was still growing and earning money. That is why Munger bought around there too. Would be good if you can go into specifics and how you can mitigate this in the future.
@@Value-Investing how would you never know when the bottom would be. There is also risk in waiting for something that will never happen and it goes 5x because it was still a value buy at the time of your first video. What are your thoughts on this?
My biggest mistakes: 1) listening to others (option (a stock) was up 3x asked to sell (as a 18th birthday gift) but my aunt said"no, it will be worth more in a few years. Finally no profits. 2) betting 50% of my profit on Us election results and the index reactions. Lost 100% of the portfolio. (went form 5k to 20k, then 0) 3) Listening to analists (Telenet stock, high div, but value trap, down 60% and big cut in div) 4) Listening to Sven (sorry), bought a big FlowTraders position, down 50% at least) 5) Selling TotalEnergies at a loss of 20% because of ESG hype. 6) Listening to analist (via Yahooo articles), bought Ideanomics and Chargepoint (EV play), down 80% and 50% 7) Alibaba stock in a big position, down 50% at least. Sold the US listing at a loss. 8) Reddit hype, option play on Arcelormittal, never went anywhere and lost big. 9) Selling Tesla to early at 360 dollar (50% profit) before splits!!! Still holding Telenet, Flow, Ideanomics, Chargepoint and Baba (hongkong). Biggest wins: 1) Getting a loan in 2020 covid dip and buying dividend stocks (4% cost) 2) Listening to Sven and buying Russian Gas and commodity. Got out in time though. I do prefer a smaller profit for sure than being greedy) 3) Stopped AVD and actually have some cash on my bank account. 4) Using marging as a loan to buy dividend stocks on 'crashes' (4% cost) Unfortunately no money to AVD due to energy crisis in EU.
I bought Qudian this year when it started showing up in my net-net screener and sold for a nice 110% gain. Goes to show that anything can be a buy at the right price
Just a nitpick on your last two lessons- Alibaba was a mistake because you didn’t wait for it to fall further, and the final was a mistake because you waited? While they’re obviously contradictory lessons, they both depend purely on price action to learn from them, and the lessons are opposing in their wisdom. Truly a small complaint from me- I appreciate you and your channel!
By far your most valuable video. I learned that you should trade where the winds are blowing. Try to find value in something that will be in high demand and has political tailwinds. For sure learned a bunch from mistakes investing in Chinese stocks!
I remember, 1-2 years ago you talked about Gazprom´s Nord Stream 2 how risky it is...., I proudly commented that Germany needs Russian gaz, its just FUD bla bla..... Now who has money frozen in Gazprom?😂😂😂 I HAVE!
Sven exited at the right, almost final time when the tanks were at the border. He took profits before though, which was a wise decision. His thesis though that its just FUD abour Russia, Western fear, Wall Street investors runnign away with the first sign of danger etc, was wrong, even thought he made money, which is always good, which is the goal. Unfortunately, now the same arguments make China also a similarly geopolitically very risky country to invest in.
At 0:40 "Please support the channel so I can put some food on the table" You previously said that all youtube revenue was going to charity! What happened to that Sven? 🤔 I still hit the like button.
50:07 I doubt very much there is any book Warren Buffett reads 'almost daily'. I think you meant once a year? And did he really say he reads Seth Klarman?
I can appreciate you being humble and showing what you thought were doing wrong. For some reason the first video I watched of yours I felt you were an honest human. I had been watching Buffet and Munger but they never really gave out their secrets so I read the books they read. I learned a lot from you, you cleared up many questions I had, so, Thank You. I will continue to be a sub and appreciate what information you send our way.
about the geopolitical mistakes. I think crisis investing is still smart but it needs to be bought after the huge crash. Just because you bought before the crash in Argentina doesn't mean it isn't a buy now
very interesting video. will watch it a couple more times. always hard to learn the right lessons from mistakes. i followed you on several of those stocks. got better returns than my own pics, haha. glad i exited the Russian stocks before the war. thx for the hard work.
I followed you because you were one of the few true long term investment. Hard to see that you ve sold lot of your position after few weeks. However thank you Sven for this video, lot to learn
thanks! Video coming today discussing it all - I hope you will see my actions are absolutely long-term and what I did before was shorter term unfortunately - that also led to these mistakes!
Thanks for honest talk - videos like these make it easy to spot you as one of the few knowledgeable people on here out of all the idiots who talk about some shitty stocks they think are a buy. Maybe videos like these don‘t resonate well with the YT algorithm, but real recognise real. I‘m convinced it helps you grow a more lasting, loyal viewerbase. I started with ETFs because I am lazy, but the new economic environment made me realize I need to pick and research winning stocks. So even though I won‘t earn a share in your business I invest the power of my like and sub to increase the value and hopefully the earned knowledge will pay dividend in the future.
Sven you just hit the top people from TH-cam for me with this material. Very well done 👏 ✔ 👍 👌. Most of TH-cam rs belive ar better then Buffett or Linch🤣🤣
Your new approach is taking shape and there is a kind of consistency to it that is reassuring as a research platform subscriber. You have spoken often about having a very concentrated portfolio of your three or five best ideas. If you do that you absolutely have to accept the least possible amount of risk. Otherwise a short run of bad luck (anything can happen to one company) could leave you with a permanent loss of capital. That's recoverable if you have $10k and add $1k/month. Not if you were a few years from retirement and now have to work until you die. I would love to see on the Research Platform (NOT on YT) an analysis of all of your current holdings/recommendations, that only speaks about their worst-case downside risks. We already know about the potential upside in each business. It's true that each business analysis also discusses the risks, but it would be fascinating to see them all together. How much is the exposure across the whole portfolio to one event, and how much is isolated operational-type risk in each business.
Great video. This is how we learn. And learn from these common mistakes . Many of your mistakes were because of a lack of patience. Buffett says the stock market is a machine that transfers wealth from the patient to the impatient. Sven , you are too hard on yourself here. You will do fine going forward. Warren says if you had only 20 stock trades in a lifetime you would do much better. Be extremely careful before investing. Also I believe that most all investors should make a portfolio of Index funds the core of the portfolio and reinvest all dividends and cap gains. Build alpha around that with individual stocks using extreme care. Thanks
Hi Sven , I have huge respect to you after you sell your FB at 294$ and felt the heat. This was brilliant move although FB did 380$ later on but look where are they now. Congrats man👏👏👏
Buying too early, knowing it might go lower: the problem with this point is that you know it MIGHT go lower. In some industries it's common for stocks to move in a range in a cycle, so in those you can be confident it's going to be cheap again. But for many great companies it just might not happen. For instance something like Microsoft, if you look at the chart, at most points in its history if you wanted to wait for it to get cheaper by 20% you'd eventually get that dip, but before you got to it you'd miss more than 20% gain.
I love this kind of video. You should do more of them. It is a lot more informative to learn from anyone mistakes than focusing on just winning trades. Thank you for your excellent work.
I love it when finance TH-camrs reveal their failures instead of pretending to be godly beings. It is a true manifestation of self esteem and respect to viewers. Kudos Sven for being transparent.
thanks!
JOIN JIM CRAMER CNBC INVESTING CLUB!!!
The banking system is collapsing due to recession it’s very RISKY saving money in the bank right now..why save money in the bank with 0% interest rates monthly when you can save/invest in DIGITAL ASSETS like crypto,forex,stocks and get over 60% interest rates weekly..want to know more ask me how below
I agree 100%. It's human tendency to brag about wins and diminish mistakes, even though mistakes are where we do more learning! This is a great video with valuable insight
100%. It's what really gives an investor like Sven, and Buffett, credibility.
Interesting
Every investor should strive to make a video like this. If only for him or herself. Facing your past decisions and trying to learn from them is very hard to do in this space.
thanks!
Great video. Unfortunately, not too many people are able to acknowledge their mistakes in real life and learn from them and on TH-cam it is even more rare! Kudos to you Sven for doing this video - you have earned a lot of respect by doing this!
thanks George, coming from you it is really something!
And, allow his audience to learn.
I usually dont watch videos through my account, but after watching this, I had to sign in and say: Thanks a lot for this gem!
happy to hear that!
Thank you for your transparency, Sven. You are a winner in my book.
:-)
This needs more views.
:-)
Huge thanks. The value of this video is unbelievable.
happy to hear that!
Sven, you convinced me to buy Baidu and Alibaba, but you also gave me Albemarle. I have sold Baidu, I am still hanging on to Alibaba hoping for better times, and I grin 🤑 every time I look at the gains from Albemarle.
that is investing, at the end it is about sizing the positions properly!
Maybe your best video. Some people love to give credit to people for being transparent with their portfolio's and reasoning, but I think transparency with your mistakes and what you learned is more valuable. Any idiot can tell you what they're doing and why. It takes real integrity to admit what you did wrong and why.
thanks, and, I know I will make many more mistakes!!!
So much value here, really learned a lot. Thank you Sven.
Glad to hear it!
Thanks!
:-)
what a classic video. Honest and very helpful. Thank you for sharing.
Sharing my summary and notes for others:
Summary:
- apply common sense when buying business - is business providing true value to its customers right now? if not, thats speculation.
- stick to low risk/high reward. avoid high risk. identify high risk as low probability in future, geopolitical risk, IPO, value trap, scammers, cyclic businesses
- Value investing is about patience - wait and wait to bet big
- Stay within your circle, apply first principle
- The best investments are buying quality businesses heavily concentrated patiently waiting for the right price
Details:
- Peter Lynch - Its okay to do mistakes, keep looking for the top stocks, even if 6-7 out of 10 perform as expected, you are a winner.
- FRAUD: If something smells fishy, avoid it. Look for short seller report, balance sheet. Stay away from bad business model
- SELLING TOO EARLY: Stay anchored if you believe in your analysis. Adjust the thesis if necessary when stock booms, might be even better value (for self, I remember selling Tesla because everyone around me was telling me to sell)
- HIGH RISK:
- Stay away from High risk - e.g. IPO, few qtrs of growth doesn’t mean shit. People look at 10 year history and only them invest. There are many businesses in the world, focus on the best ones if you can find same high return with low risk
- Geopolitical risk - China, Argentina, etc. Avoid them if possible
- Identify the size of the risk 1st - If its too high, or the probability is high or even ≥ 30% then, avoid it.
- Stay away from Shady management - especially if they have track record.
- Avoid Value Trap - How to tell if a value or cheap stock is a trap? - If its unclear what true business value it will give to its customer. (apply common sense)
- Avoid cyclic business - especially do not buy cyclic business in their peak or high side.
- **INVEST HEAVY IN YOUR CURRENT PORTFOLIO**: Buy more of good that you already own that keeping the size small (e.g. I bought Apple, but only few shares, I should be buying more)
- GROWTH WILL STOP EVENTUALLY - Growth stocks end up becoming Value stock
- **INVEST IN YOUR CIRCLE OF COMPETENCE** - THAT YOU UNDERSTAND - DO NOT JUST TAKE ANYONE’s WORD. People in TH-cam and new channels have incentive to tell you to buy buy buy, thats how they get more views, hence don’t take anyones advice just as-is, even Warren Buffet - APPLY FIRST PRINCIPLE ALWAYS.
- **BE CONCENTRATED AND FOCUSED**, NOT DILUTED - Make your investing boring
- Buying too early when you know it can go lower - Patience and Discipline is value investing
- **Value investing is about waiting for 1 out of 10 of your great ideas to reach absolute bargain with little downside and very high upside**
- Avoid taking speculative bets or keep that to minimum (== none)
- Be clear are you investing in speculation or value - If a **business is providing immediate value** (e.g. revenue, dividend), **then its not speculation**, but if there are future speculation that this business will go 100x in future, future being unknown, then reduce that risk - (e.g. BAIDU in robotaxi, Facebook in META)
- **The best investments are buying quality businesses heavily concentrated patiently waiting for the right price**. Focus on great business at fair price, not fair business at great price
good summary!
I personally did many of those mistakes. No shame, it s part of the game. I respect your transparency Sven
thanks!
This was your best video to date Sven. Congrats for the courage and candidness. I see a great future for grandpa Sven
I will do my best, so let's see!!!
Thanks for this video Sven! I've seen more than 100 hundred of yours and this is likely the best for me. Very personal, which is something to appreciate. Hope you stay that personal in the future, It will help people engaging with you.
Wow, thanks!
Great respect to a person who described his mistakes in such an open way, admitting unwise decisions and categorizing them. Thank you, sir, indeed, a lot to learn here.
thank you!
Probably the best video I have ever seen. If you are not planning to include this in your next book you should definitely consider since it's a pure gold mine.. Taking a step backwards and comparing your mistakes against with my little journey I could clearly see similar mistakes in my investing behavior. So thank you!
thanks, will add or make a list or something!
It takes great humbleness to recognize your mistakes and share them. Thank you Sven!
thanks!
@Aru Bucar, Sven was called out in 'private' by research platform members, as well as in public just about 1 month ago, no choice but to recognize and address it
Thank you Sven, well done, appreciate your honesty!
thanks!
I think this is your best educational video ever. I find patience as the most difficult skill. It is also very difficult not to copy people you are mesmerized of, for example I blindly followed Ray Dalio, as many people blindly follow and copy Munger or Pabrai choices without having an own real convinction or knowledge in that choice.
you always think they know more than you as they are professionals with all the info - but the truth is the unknown is impossible to know, also their risk tolerance!
Man this was a trip down memory lane. It was like getting closure after a bad breakup. Lol. Good stuff sir
:-) Now we can go on after the closure :-)))
One of your best videos! ❤
We must learn from our mistakes, both our mistakes and the mistakes of others!
Amazing video! Loved all 51 minutes!
The value in this one is insane!
thanks!
Thanks! I'm really curious why you sold your positions, I really hope you are not a new Michael Burry, even if he's right at some point in time 🌈
video coming soon - nothing in relation to Burry!
Excellent video. We all learn more from mistakes than from big wins. Thanks for the transparency
Glad you enjoyed it
Great video. So much to learn here. Great Buffett clip. “Swing you bum!” Thank you!
:-)))
The lesson I learned from this video was just to buy Berkshire Hathaway. Then there's no need to watch TH-cam investing channels for stock ideas, free up loads of time and avoid all the mistakes.
berkshire makes mistakes too - buffet admitted he missed a massive opportunity to load up at the beginning of covid - just buy the index thats less risky
Investing in BRK is great, but the returns depend on price paid!
@@Value-Investing Yes, I think you got that from Warren Buffett, you showed the clip of him saying he only swings when he want to.
@@jessehamlin3420 That works great if you’re in your 20-30 and have decades to compound, I wish I was in that position.
Great content Sven!
Would you please analyze ASOS? There appears to be very deep value here. It’s a favorite of Nick Sleep’s.
It depends on whether they can return to growth and scale - who knows - maybe Nick can also be wrong - time will tell!
Thanks for the video and the free lunch!
As Monish Pabrai said: don't water the weeds and cut the flowers!
Peter Lynch said that:-)
Without skin in the game y never can become an investor, especially a value one.
Congrats Sven😎
that is how it is, but it also depends how much skin!
Thank you very much for sharing such valuable knowledge, we all do mistakes, the important is to realize it quick and then review and change the strategy of entire portfolio.
Stocks I watch never go as low as I think they should, so if I avoid buying too early, I invariably buy too late or not at all.
:-)
Thank you so much !
So much value for a 24yo Investor from Germany!
Learning from others mistake feels like a cheat code for life ! ;D
great to hear!
One hour Sven on sunday is better than one hour of formula 1 on sunday;-)
Sven, great video!
:-)))
Thanks for sharing. Failure is a great learning point.
Thanks!
Good to hear from an honest man
Hope so...
Another great video. Thank you.
Are you going to write an update to your book ‘Modern Value Investing’? Why don’t you have it on the bookshelf?
May I suggest: 1. Include references to your book when making important points about investing such as the meaning of risk and the importance of the value/price relationship. 2. The red ‘pen’ doesn’t add as much as hoped for. 3. Using the dotted ‘box tool’ was ok.
Thanks for the suggestion!!! Will lower the red pen!
Great value at a fair price!
:-)))
43:55 how would you know how low BABA would go? at the time you made the first video, it still seemed like a bargain as the company was still growing and earning money. That is why Munger bought around there too. Would be good if you can go into specifics and how you can mitigate this in the future.
I knew there are risks and I took them :-( So, it might be a sizing error etc... But taking risks is about possibilities and patience too!
@@Value-Investing how would you never know when the bottom would be. There is also risk in waiting for something that will never happen and it goes 5x because it was still a value buy at the time of your first video. What are your thoughts on this?
This video is packed with information. I will have to watch it a few times to fully digest. This may be your magnum opus!
thanks, enjoy it!
My biggest mistakes:
1) listening to others (option (a stock) was up 3x asked to sell (as a 18th birthday gift) but my aunt said"no, it will be worth more in a few years. Finally no profits.
2) betting 50% of my profit on Us election results and the index reactions. Lost 100% of the portfolio. (went form 5k to 20k, then 0)
3) Listening to analists (Telenet stock, high div, but value trap, down 60% and big cut in div)
4) Listening to Sven (sorry), bought a big FlowTraders position, down 50% at least)
5) Selling TotalEnergies at a loss of 20% because of ESG hype.
6) Listening to analist (via Yahooo articles), bought Ideanomics and Chargepoint (EV play), down 80% and 50%
7) Alibaba stock in a big position, down 50% at least. Sold the US listing at a loss.
8) Reddit hype, option play on Arcelormittal, never went anywhere and lost big.
9) Selling Tesla to early at 360 dollar (50% profit) before splits!!!
Still holding Telenet, Flow, Ideanomics, Chargepoint and Baba (hongkong).
Biggest wins:
1) Getting a loan in 2020 covid dip and buying dividend stocks (4% cost)
2) Listening to Sven and buying Russian Gas and commodity. Got out in time though. I do prefer a smaller profit for sure than being greedy)
3) Stopped AVD and actually have some cash on my bank account.
4) Using marging as a loan to buy dividend stocks on 'crashes' (4% cost)
Unfortunately no money to AVD due to energy crisis in EU.
thanks for sharing!
Probably one of the most useful videos you could find on the net.
Mistakes help investors to improve their method and process.
thanks!
I bought Qudian this year when it started showing up in my net-net screener and sold for a nice 110% gain.
Goes to show that anything can be a buy at the right price
great to hear!
Thx, Sven! A lot of wisdom and value in this video. Well done :)
One if the best videos ever. Thanks Svan.
Wow, thanks!
Thanks Sven. It takes a lot of pain and courage to analyze one’s past mistake. : )
thanks!
@@Value-Investing at least sven wasn't pressured into investing in NFTs. 😁
Best video that I've watched Sven! Best lessons are through mistakes :)
Thanks! 😃
Ok this is one of your best videos imo
:-)
Awesome honest video Sven would love to see this periodically
I hope not, I hope to make mistakes only to make such a video every 5 years :-)
Very informative stuff, Sven! Thanks!
Thanks!
You are the best professor ever!
Thanks for hones insights into lessons learned!
Glad it was helpful!
Just a nitpick on your last two lessons- Alibaba was a mistake because you didn’t wait for it to fall further, and the final was a mistake because you waited? While they’re obviously contradictory lessons, they both depend purely on price action to learn from them, and the lessons are opposing in their wisdom. Truly a small complaint from me- I appreciate you and your channel!
yes, but then you also have to analyze the risk and reward to decide on waiting!
By far your most valuable video. I learned that you should trade where the winds are blowing. Try to find value in something that will be in high demand and has political tailwinds. For sure learned a bunch from mistakes investing in Chinese stocks!
thanks!!!
Bought Amira back in the day after watching one of your videos, Sven. Still sits in my portfolio at a shining -100% loss
sorry to hear that, I made a video about selling it, you must have missed it :-(
@@Value-Investing I heard that the 2 main mistakes that investors make are panic buying and panic selling. I decided to eliminate at least one :)
I remember, 1-2 years ago you talked about Gazprom´s Nord Stream 2 how risky it is...., I proudly commented that Germany needs Russian gaz, its just FUD bla bla..... Now who has money frozen in Gazprom?😂😂😂 I HAVE!
I knew the risk, watched it carefully fortunately - but I could have done great by also avoiding it all-together :-(
Sven exited at the right, almost final time when the tanks were at the border. He took profits before though, which was a wise decision. His thesis though that its just FUD abour Russia, Western fear, Wall Street investors runnign away with the first sign of danger etc, was wrong, even thought he made money, which is always good, which is the goal. Unfortunately, now the same arguments make China also a similarly geopolitically very risky country to invest in.
Sven, that's your best video ever !
Glad you think so!
hi Sven, great video, very honest, we all make mistakes. You forgot to mention all the money you miss in TSLA :)
hahahahaha:-)) Tesla has always been too risky, so I don't consider it a mistake :-)))
Brave. Honest. Value. Respect for making this video Sven!
Thanks!
At 0:40 "Please support the channel so I can put some food on the table" You previously said that all youtube revenue was going to charity! What happened to that Sven? 🤔 I still hit the like button.
that was a joke!
I mean, the food on the table :-))
@@Value-Investing Nothing wrong with keeping the money from youtube, it's all about walking the talk...😉
This is rich in value Dr. Carlin!! Thank you for sharing your mistakes. Hopefully, we can learn from them (or we will repeat them uh-ho!).
In 5 years, if my next mistakes videos lasts less than this one, I am happy :-)))
Thanks for sharing Sven.
Regards from Argentina and excuse my country for your loses 🙏😄
not your fault, my risk taking!
CVNA=Lesson 3. Thank you Sven!
Your best video to date. Thank you!
Wow, thanks!
Hoop dat je een mooie zomer hebt gehad Sven!
Working on my thesis now so only scanning this 50-min video, I'll do a deeper dive later!
success met jou afmak... thesis!
Thank you very much Sven. Finally you made the content that I want the most. Hehe
:-)
50:07 I doubt very much there is any book Warren Buffett reads 'almost daily'.
I think you meant once a year?
And did he really say he reads Seth Klarman?
yes, he said it in some conference!
I can appreciate you being humble and showing what you thought were doing wrong. For some reason the first video I watched of yours I felt you were an honest human. I had been watching Buffet and Munger but they never really gave out their secrets so I read the books they read. I learned a lot from you, you cleared up many questions I had, so, Thank You. I will continue to be a sub and appreciate what information you send our way.
Thanks!
@@Value-Investing You're welcome
Thank you very much for this video too, it should be in your course.
:-) will add it!
Looking at Warren Buffet, Peter Lynch and Bill Ackman, the first requirement to be a mega successful investor seems to be to have white hair.
about the geopolitical mistakes. I think crisis investing is still smart but it needs to be bought after the huge crash. Just because you bought before the crash in Argentina doesn't mean it isn't a buy now
:-))
Oh that's very nice, now I feel much better, cause I'm not the only one... 😊
Probably best video so far, love it !!!
thanks!
very interesting video. will watch it a couple more times. always hard to learn the right lessons from mistakes. i followed you on several of those stocks. got better returns than my own pics, haha. glad i exited the Russian stocks before the war. thx for the hard work.
Thanks!
I followed you because you were one of the few true long term investment. Hard to see that you ve sold lot of your position after few weeks. However thank you Sven for this video, lot to learn
thanks! Video coming today discussing it all - I hope you will see my actions are absolutely long-term and what I did before was shorter term unfortunately - that also led to these mistakes!
Thank you sven, this video is super valuable!
Hello Sven,
I have been watching you from beggining - this is best video ever. Thanks.
thanks!
Thanks for honest talk - videos like these make it easy to spot you as one of the few knowledgeable people on here out of all the idiots who talk about some shitty stocks they think are a buy. Maybe videos like these don‘t resonate well with the YT algorithm, but real recognise real. I‘m convinced it helps you grow a more lasting, loyal viewerbase.
I started with ETFs because I am lazy, but the new economic environment made me realize I need to pick and research winning stocks.
So even though I won‘t earn a share in your business I invest the power of my like and sub to increase the value and hopefully the earned knowledge will pay dividend in the future.
Also thinking about tattooing „I‘m an idiot but hopefully a lesser idiot“ on my forehead. What a great motto for life
This might be the best financial education video ever!
Really appreciate the honesty.
Thank you very much!
Glad you think so!
Sven you just hit the top people from TH-cam for me with this material. Very well done 👏 ✔ 👍 👌. Most of TH-cam rs belive ar better then Buffett or Linch🤣🤣
thanks!
Appreciate your honesty, Sven...and the sense of humour
Vladimirovich Putinovich lol
:-)
Excellent video - transparency on your mistakes - great !!!!
I appreciate that!
Your new approach is taking shape and there is a kind of consistency to it that is reassuring as a research platform subscriber. You have spoken often about having a very concentrated portfolio of your three or five best ideas. If you do that you absolutely have to accept the least possible amount of risk. Otherwise a short run of bad luck (anything can happen to one company) could leave you with a permanent loss of capital. That's recoverable if you have $10k and add $1k/month. Not if you were a few years from retirement and now have to work until you die. I would love to see on the Research Platform (NOT on YT) an analysis of all of your current holdings/recommendations, that only speaks about their worst-case downside risks. We already know about the potential upside in each business. It's true that each business analysis also discusses the risks, but it would be fascinating to see them all together. How much is the exposure across the whole portfolio to one event, and how much is isolated operational-type risk in each business.
that is a great idea!!! Klarman also says the risk analysis has to be separated from the reward analysis!
Great video Sven, I'm a member of your research platform. I wish my mistakes we were more like yours. Thought you still did pretty well
we will work to lower all of those in the future!
My biggest mistakes were holding Russian stocks, also heavy investments in BABA, and BIDu
Sven could you do an updated analysis con LAC? Or maybe Orocobre? Thank you!
could do a lithium take again - not that easy to invest :-)
This was an incredibly valuable video. I love these lessons of what not to do!
Thanks!
Great video. This is how we learn. And learn from these common mistakes . Many of your mistakes were because of a lack of patience. Buffett says the stock market is a machine that transfers wealth from the patient to the impatient. Sven , you are too hard on yourself here. You will do fine going forward. Warren says if you had only 20 stock trades in a lifetime you would do much better. Be extremely careful before investing. Also I believe that most all investors should make a portfolio of Index funds the core of the portfolio and reinvest all dividends and cap gains. Build alpha around that with individual stocks using extreme care. Thanks
I would be still a poor kid with index funds, so there is a lot to discuss and analyze the to find the best for yourself!
Thank you for this great video! This is very helpful.
This is awesome value. Thanks Sven
thanks!
Hi Sven , I have huge respect to you after you sell your FB at 294$ and felt the heat. This was brilliant move although FB did 380$ later on but look where are they now. Congrats man👏👏👏
:-))).
Thanks for this video. Taking a lot of notes.
a lot of notes for sure!
the new lighting is very very good!
great to hear!
Great video with lots of value and examples!
Thanks!
I havn't seen this one yet - but sharing mistakes: Respect. I'll watch later.
Thanks, enjoy!!!
One of your best videos, Sven! Thank you so much for sharing this wisdom.
Nice video!! I really like how you analyze your investments and reflect on them
Glad you enjoyed!
Buying too early, knowing it might go lower: the problem with this point is that you know it MIGHT go lower. In some industries it's common for stocks to move in a range in a cycle, so in those you can be confident it's going to be cheap again. But for many great companies it just might not happen. For instance something like Microsoft, if you look at the chart, at most points in its history if you wanted to wait for it to get cheaper by 20% you'd eventually get that dip, but before you got to it you'd miss more than 20% gain.
Best video of the year, congrats!
THanks!
I love this kind of video. You should do more of them. It is a lot more informative to learn from anyone mistakes than focusing on just winning trades. Thank you for your excellent work.
I hope not to do more of them :-))))) And I hope the next one in 5 years will be shorter! I am happy with 30 minutes!