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.
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
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!
@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
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.
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.
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!
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!
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.
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.
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.
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.
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
This is probably the most valuable video on the channel. It takes both courage and wisdom to look back at your mistakes and show it to public. I will make a checklist out of it and will keep it on my desk.
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.
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 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!
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.
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.
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 $1k/month. Not if you were a few years from retirement and now have to work until you die. I would love to see on the Research Platform (NOT on YT) an analysis of all of your current holdings/recommendations, that only speaks about their worst-case downside risks. We already know about the potential upside in each business. It's true that each business analysis also discusses the risks, but it would be fascinating to see them all together. How much is the exposure across the whole portfolio to one event, and how much is isolated operational-type risk in each business.
Amazing video Sven! Seeing your mistakes in Baidu, Baba in the past and acknowledging it, can you do a follow-up video at of them since at cmp they could seem good? Do you think they are low-risk, high-return, i.e., asymmetric upside?
very interesting video. will watch it a couple more times. always hard to learn the right lessons from mistakes. i followed you on several of those stocks. got better returns than my own pics, haha. glad i exited the Russian stocks before the war. thx for the hard work.
Hi Sven , I have huge respect to you after you sell your FB at 294$ and felt the heat. This was brilliant move although FB did 380$ later on but look where are they now. Congrats man👏👏👏
Ich finde es toll, dass es solche Videos gibt. Es ist viel wichtiger, wenige Fehler zu machen, als zu versuchen, immer richtig zu liegen. Investieren ist in die Zukunft schauen, da kann man eh nicht immer richtig liegen.
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
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
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🤣🤣
This might be my favourite ever video, thanks so much for all the great lessons! I also made the same mistake on intel which i kick myself for because I knew that semi's were at the top of the cycle put I was reassured by hearing Pat Gelisinger on the conference call saying effectively this time is different and blah blah blah against my better judgement so I am definitely a big idiot too
Only 17 mistakes! You have saved me more mistakes than that already, but I have made more than that many in the last 2 years. Learning is hard, I say. I look forward to still learn from you. Thanks for your perspective, I really appreciate the risk reward analysis you give.
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 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!!!
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
I personally did many of those mistakes. No shame, it s part of the game. I respect your transparency Sven
thanks!
Huge thanks. The value of this video is unbelievable.
happy to hear that!
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!
So much value here, really learned a lot. Thank you Sven.
Glad to hear it!
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!
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 :-)))
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!
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!
Thank you Sven, well done, appreciate your honesty!
thanks!
One of your best videos! ❤
We must learn from our mistakes, both our mistakes and the mistakes of others!
Thanks!
:-)
Amazing video! Loved all 51 minutes!
Probably one of the most useful videos you could find on the net.
Mistakes help investors to improve their method and process.
thanks!
This needs more views.
:-)
The value in this one is insane!
thanks!
Very valuable video for any date! Thanks Sven!
Excellent video. We all learn more from mistakes than from big wins. Thanks for the transparency
Glad you enjoyed it
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. 😁
Great video. So much to learn here. Great Buffett clip. “Swing you bum!” Thank you!
:-)))
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!
One hour Sven on sunday is better than one hour of formula 1 on sunday;-)
Sven, great video!
:-)))
This video was absolutely excellent! Bravo!!!
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!!!
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:-)
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!
Thx, Sven! A lot of wisdom and value in this video. Well done :)
Thank you very much Sven. Finally you made the content that I want the most. Hehe
:-)
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 :-)
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 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!
Thanks for sharing. Failure is a great learning point.
Thanks!
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.
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.
One if the best videos ever. Thanks Svan.
Wow, thanks!
Best video that I've watched Sven! Best lessons are through mistakes :)
Thanks! 😃
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!
This is probably the most valuable video on the channel. It takes both courage and wisdom to look back at your mistakes and show it to public. I will make a checklist out of it and will keep it on my desk.
Brave. Honest. Value. Respect for making this video Sven!
Thanks!
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.
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!!!
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 :-)))
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!
Good to hear from an honest man
Hope so...
Ok this is one of your best videos imo
:-)
Very informative stuff, Sven! Thanks!
Thanks!
Probably best video so far, love it !!!
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!
This might be the best financial education video ever!
Really appreciate the honesty.
Thank you very much!
Glad you think so!
Sven just with the non-stop value, transparency, and honesty
:-)
Such a refreshing Video hearing you state all your mistakes. Very rare to see. Great work Sven :)
Thanks! 😃
Sven, that's your best video ever !
Glad you think so!
This is gold, thank you! I am guilty of most of these, too. Let's be less idiotic together (hopefully)!
Agreed!!!
Your best video to date. Thank you!
Wow, thanks!
Thank you sven, this video is super valuable!
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 was an incredibly valuable video. I love these lessons of what not to do!
Thanks!
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!
Hello Sven,
I have been watching you from beggining - this is best video ever. Thanks.
thanks!
Amazing video Sven! Seeing your mistakes in Baidu, Baba in the past and acknowledging it, can you do a follow-up video at of them since at cmp they could seem good? Do you think they are low-risk, high-return, i.e., asymmetric upside?
Excellent video - transparency on your mistakes - great !!!!
I appreciate that!
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!
Oh that's very nice, now I feel much better, cause I'm not the only one... 😊
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!
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
You are the best professor ever!
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!
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 :-)))
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👏👏👏
:-))).
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.
:-)
Courageous and very smart summary, Sven! You are the man. Definitely less of an idiot.
:-)))
15:05 "Yes, I invested also in that shit"
:) Nice, Sven brings some spicy language!
:-(((( :-)))))
great video sven. Followed you years ago, but now will be back seeing what you are up to. Would love your educational content.
Thanks for hones insights into lessons learned!
Glad it was helpful!
Great Video Sven.
We learn more from our losses than we do from our wins.
Some golden lessons here - a must watch for average investors.
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!
Ich finde es toll, dass es solche Videos gibt. Es ist viel wichtiger, wenige Fehler zu machen, als zu versuchen, immer richtig zu liegen. Investieren ist in die Zukunft schauen, da kann man eh nicht immer richtig liegen.
danke Christian!
One of your best videos, Sven! Thank you so much for sharing this wisdom.
Great value at a fair price!
:-)))
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!
Great video, Sven. „Man will err while yet he strives.” Goethe‘s Faust
yep!
Best video of the year, congrats!
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!
Thanks for sharing Sven.
Regards from Argentina and excuse my country for your loses 🙏😄
not your fault, my risk taking!
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
:-)
Your Intellectual Honesty is Unparalleled Sven 👏
thanks!
This might be my favourite ever video, thanks so much for all the great lessons!
I also made the same mistake on intel which i kick myself for because I knew that semi's were at the top of the cycle put I was reassured by hearing Pat Gelisinger on the conference call saying effectively this time is different and blah blah blah against my better judgement so I am definitely a big idiot too
thanks! We are all idiots, let's work on being less in the future!
Great to own your mistakes! Still with you Sven!
THANKS!
Great video with lots of value and examples!
Thanks!
Interesting topic. Meany investors prefer talking about their wins and not their loses. But i think you can learn a lot from mistakes
wins create sales, loses, not so much!
Thank you for this great video! This is very helpful.
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 :)
Only 17 mistakes! You have saved me more mistakes than that already, but I have made more than that many in the last 2 years. Learning is hard, I say. I look forward to still learn from you. Thanks for your perspective, I really appreciate the risk reward analysis you give.
Excellent!