I think oil companies like OXY cannot completely avoid CAPEX because equipment breaks down, needs spare parts, repairs, replacements, upgrades etc. There will always be some maintenance-CAPEX, but agree that major and mega project CAPEX will not be incurred, which can really move the needle.
This rule would be great if only you tie it with “ you must water the flowers and cut the weeds” or not, a new investor would double down on a company that will eventually go to 0
@@Growth-Value the rule has to work over a great number of times. To get lucky you should bet on highly possible events. Unfurtunate events are part of life human consumation of products follow a pattern. Good businesses have high profit margins you will find them when you check alot of them side by side. Nothing comes for free. When you want to find you have to search.
@@fearlyenrage i agree, but finding an amazing business does not mean to never sell it. Yes maybe hold it for 10-20 years if you see the business thriving but usually if it falls off, like in the case of department stores, like Sears fall in price, re-analyze the situation and do not follow the “never sell” mentality Cause maybe you can then find a better business like amazon or ebay and sell the weed (sears) for a new flower But if you used the never sell rule, you will just end up with sears in your portfolio till it is zero
@@Growth-Value well that makes sense. Business has cycles and at some point they stop growing. But when the only grow and pay dividends why should then someone sell? Makes no sense. As long as the business keeps getting better there is no reason to sell. At least for me what you do is your business ;)
Buy right and hold on, I learned that later in my investing career as Mohnish has. Finding good companies to buy is easy compared to the inaction of holding on for a decade and more. Find someone to talk you out of selling when the impuse occurs it may save you millions.
I have bought so many stocks in individual companies. There are so many stocks going to rocket in the long run, right now safe to invest in an ETF that tracks the S&P500 and ride it out. I put $130k into some growth stocks with a Financial advisor handling my portfolio. some of my picks are, NVR, LISP.SW, SEB, VOO,DOWJ, BRK-A, AAPL,IVV, NYSE, NASDAQ, TSLA, I've gotten 82% return so far this year I'll see where it goes.
this is more like it, I have always said if you are going to refer your advisor at least let one know specific plays he or she uses to make gains in the market, nice picks. you've got great stocks, just started a few weeks back, I'm going for long term, I'm still trying to wrap my head around it, can I get the number of your F.A ?
I love all of Mohnish's talks but it's so obvious that he's like 10x better in-person than he is over Zoom. Maybe it's the energy in the room? I don't know. But the Irvine presentation on Coca Cola is probably the best video on his channel and I'm just noticing that all of the in-person stuff is a noticeable step above the Zoom conference calls. I wonder if he's noticed the same thing.
Hello. If anyone knows the answer, can they please help. How do you know that the company is making its revenue in dollars/euro etc. How do you check for that?
He is definitely wrong about that specialization part of Germany. The lowest school education you can get is the "Hauptschule", which ends after 9 years at school at around age 15. After that you can do an apprenticeship, but usually not in the manufacturing businesses. To get a job in an apprenticeship for, say an industrial mechanic, you have to have at least a "Realschulabschluss", which you will get after 10 years of school at around age 16. So I would say age 16 in Germany is the start of the specialization phase. (and of course also the age at which you can start drinking beer)
Not sure if you read the comments but might be interesting to know when you Come into a country if you attend public meetings ? would be glad/Great to hear you in reality !
Turkey has a juice company where the fruit juices are exported to europe ,and almost 80-90% revenue comes from export they gain euros and their cost is in lira so as the lira depreciated and euro rose it was like a double hammy effect 1+1=11 ,also the transportation costs are pretty low so mohnish uncle said that this is a great business.
Guys I have great investment ideas which are going to be multi-baggers but I don’t have money for taking meaningful stakes of those ideas Like me there are thousands of others That’s life As Mr Mohnish aptly said ❤ We get old too soon and wise too late Many wonderful budding aspiring investors never gets money at the right time I wish you all the success in your future ventures ❤❤❤❤❤ cheers
Thanks for sharing all your wisdom Mohnish. I wish you would have stuck with some track pants and a T. Along with Wall St. dogma, let's leave the suits on the street!
Monish, you answered my questions that I sent to you in email. Thanks for this video. Hope to meet you in person someday.
Thank you Mr. Pabrai for the wisdom!
Great one Mr. Pabrai. Thanks!!
Thank you Mohnish! You are doing gods work.
Thank you for your insights 🙏🙏
Loved it..
What a great speaker and really interesting raconteur. So successful, generous and humble. Thanks for posting Mr Pabrai.
I love your Podcast and TH-cam videos. Thank you!!!
Thank you Mohnish. You are doing great work. We are all indebted to you.
please dont cut out your pauses i want the full experience :D thank you
What a great speaker and really interesting raconteur. So successful yet humble.
Great talk ,1994 one mil to 13mil in 5yrs and then moved to fund manager ..
Thanks for sharing your wisdom Mohnish. Much appreciated
Thank you for sharing all of these
Great! and thanks for your Great suggestions
Thank you Sir!
Thank you mohnish! Please never stop teaching us
Love it!!
Wonderful
I think oil companies like OXY cannot completely avoid CAPEX because equipment breaks down, needs spare parts, repairs, replacements, upgrades etc. There will always be some maintenance-CAPEX, but agree that major and mega project CAPEX will not be incurred, which can really move the needle.
Love from Bihar, India 💛
Oxy has no "speculative" drilling and Chevron has v little as well due to a large position in the Permian basin - Thanks Mohnish
'DO NOT SELL' should be the first commandment in every investing book.
That is a good advise because then you would have to think really hard what you buy and why you should keep it.
This rule would be great if only you tie it with “ you must water the flowers and cut the weeds” or not, a new investor would double down on a company that will eventually go to 0
@@Growth-Value the rule has to work over a great number of times. To get lucky you should bet on highly possible events.
Unfurtunate events are part of life human consumation of products follow a pattern.
Good businesses have high profit margins you will find them when you check alot of them side by side.
Nothing comes for free.
When you want to find you have to search.
@@fearlyenrage i agree, but finding an amazing business does not mean to never sell it.
Yes maybe hold it for 10-20 years if you see the business thriving but usually if it falls off, like in the case of department stores, like Sears fall in price, re-analyze the situation and do not follow the “never sell” mentality
Cause maybe you can then find a better business like amazon or ebay and sell the weed (sears) for a new flower
But if you used the never sell rule, you will just end up with sears in your portfolio till it is zero
@@Growth-Value well that makes sense. Business has cycles and at some point they stop growing.
But when the only grow and pay dividends why should then someone sell? Makes no sense.
As long as the business keeps getting better there is no reason to sell. At least for me what you do is your business ;)
Buy right and hold on, I learned that later in my investing career as Mohnish has. Finding good companies to buy is easy compared to the inaction of holding on for a decade and more. Find someone to talk you out of selling when the impuse occurs it may save you millions.
finally a good microphone quality.
I have bought so many stocks in individual companies. There are so many stocks going to rocket in the long run, right now safe to invest in an ETF that tracks the S&P500 and ride it out. I put $130k into some growth stocks with a Financial advisor handling my portfolio. some of my picks are, NVR, LISP.SW, SEB, VOO,DOWJ, BRK-A, AAPL,IVV, NYSE, NASDAQ, TSLA, I've gotten 82% return so far this year I'll see where it goes.
that's quite impressive, you surely made a good bit of money. I myself invested in warren's BRK-A stock quite pricey but totally worth it.
this is more like it, I have always said if you are going to refer your advisor at least let one know specific plays he or she uses to make gains in the market, nice picks. you've got great stocks, just started a few weeks back, I'm going for long term, I'm still trying to wrap my head around it, can I get the number of your F.A ?
As usual golden nuggets
If most of the investments were wrong, then how diversification is not important?
I love all of Mohnish's talks but it's so obvious that he's like 10x better in-person than he is over Zoom. Maybe it's the energy in the room? I don't know. But the Irvine presentation on Coca Cola is probably the best video on his channel and I'm just noticing that all of the in-person stuff is a noticeable step above the Zoom conference calls. I wonder if he's noticed the same thing.
If mohnish improves microphone quality then zoom meetings would be as good
True
Great talk, thanks so much. FWIW, I find the edits distracting
Hello. If anyone knows the answer, can they please help. How do you know that the company is making its revenue in dollars/euro etc. How do you check for that?
He is definitely wrong about that specialization part of Germany. The lowest school education you can get is the "Hauptschule", which ends after 9 years at school at around age 15. After that you can do an apprenticeship, but usually not in the manufacturing businesses. To get a job in an apprenticeship for, say an industrial mechanic, you have to have at least a "Realschulabschluss", which you will get after 10 years of school at around age 16.
So I would say age 16 in Germany is the start of the specialization phase. (and of course also the age at which you can start drinking beer)
Not sure if you read the comments but might be interesting to know when you Come into a country if you attend public meetings ? would be glad/Great to hear you in reality !
Early morning tea from mohnish!
GOLDMINE ❤
What was the orange juice company Mohnish was referring to?
Turkey has a juice company where the fruit juices are exported to europe ,and almost 80-90% revenue comes from export they gain euros and their cost is in lira so as the lira depreciated and euro rose it was like a double hammy effect 1+1=11 ,also the transportation costs are pretty low so mohnish uncle said that this is a great business.
Nice to see Mohnish in a suit!
Love you ♥️
“There’s a little bit of hair on it” 😂
How much hair do we have on Micron. 🤣
It’s an understatement lol
Guys
I have great investment ideas which are going to be multi-baggers but I don’t have money for taking meaningful stakes of those ideas
Like me there are thousands of others
That’s life
As Mr Mohnish aptly said
❤ We get old too soon and wise too late
Many wonderful budding aspiring investors never gets money at the right time
I wish you all the success in your future ventures ❤❤❤❤❤ cheers
Thanks for sharing all your wisdom Mohnish. I wish you would have stuck with some track pants and a T.
Along with Wall St. dogma, let's leave the suits on the street!
Fun fact: Ferrari has COMLB26 since it was spun out in 2016
If only Mohnish held on!
Thank you Uncle. You also inspire me to grow a mustache like that.
Welcome beta ;-)
100k to 1.1b?
Just sell puts on worst performing asset class and sleep this is not a rocket science!
Shameless cloning! 💪
Silver and HEX - That´s what is Next ! 🤍🤍❤❤💜💜🤎🤎💛💛🧡🧡💚💚💙💙🤍🤍❤❤💜💜🤎🤎💛💛🧡🧡💚💚💙💙
Thank you so much for sharing these gems with us.