I live in Hinjawadi and to think that Mohnish Pabrai was giving a talk in FLAME, the video feels like I am watching him live. Proximity bias I guess. Thanks for sharing.
Monish talked about a stock Rain industries 4-5 years ago.. he had tremendous conviction and some crap data was provided in support of that .. The stock hasn't moved in last 5 years. So, basically don't buy the stocks that these guys.talk about in public forum
@abinav2803 yeah, but if a stock like Rain industries languishes for 5 years while the entire market has almost doubled (and small caps have returned 200% retun) .. net net these stocks are wealth destroyers.
@@TheLionKing2345 If a stock gives us Zero Returns for 5 years & goes 4x in the 6th year, that's a CAGR of 25%. this point will be Plain Theory. And that's why Investing is Never Easy 😃 But it's Possible !!!
This guy wasted my time......waste of 140 mins of my life. And they call this guy one of the greatest investors of the world. 😞 Talking of Varun Beverages, the stock today commands a PE of 90 and its 5 years average PE is 60, so it is a bit expensive compared to historical values. However what matters is its earnings growth in the last few years. In the last 10 years Varun Beverages revenue has grown at 22% CAGR and Profit has grown at 48% CAGR. In the last 3 years, Varun Beverages revenue has grown at 35% CAGR and Profit has grown at 75% CAGR. India's GDP is driven by consumption with the population increasing like rabbits. So by these standards Varun Beverages is not expensive and as long as the earnings hold above 30%, the stock will command a high PE. The two examples he gave of Microsoft at 44:15 and Coca Cola at 44:55 are nonsensical. Example 1 Microsoft - From 1999 to 2015, Revenue increased from 22 billion to 90 billion, Profit increased from 8.7b to 12.8b, but the PE went down from 70 to 26 and the stock gave ZERO returns. (My take on this - In 16 years the revenue increased at 9% CAGR while Profit increased at 2.4% CAGR. Is it a suprise that the stock did not give any returns in the next 16 years?) Example 2 Coca Cola - From 1998 to 2011, Revenue increased from 18.8 billion to 46.5 billion, Profit increased from 3.5b to 8.6b, but the PE went down from 62 to 17 and the stock gave ZERO returns. (My take on this - In 13 years the revenue increased at 7% CAGR while Profit increased at 7% CAGR. Is it a suprise that the stock did not give any returns?. WIth the earnings coming a cropper, the stock did not give any returns).
Utter rubbish ...waste of 140 mins of my life. And they call this guy one of the greatest investors of the world. 😞 Talking of Varun Beverages, the stock today commands a PE of 90 and its 5 years average PE is 60, so it is a bit expensive compared to historical values. However what matters is its earnings growth in the last few years. In the last 10 years Varun Beverages revenue has grown at 22% CAGR and Profit has grown at 48% CAGR. In the last 3 years, Varun Beverages revenue has grown at 35% CAGR and Profit has grown at 75% CAGR. India's GDP is driven by consumption with the population increasing like rabbits. So by these standards Varun Beverages is not expensive and as long as the earnings hold above 30%, the stock will command a high PE. The two examples he gave of Microsoft at 44:15 and Coca Cola at 44:55 are nonsensical. Example 1 Microsoft - From 1999 to 2015, Revenue increased from 22 billion to 90 billion, Profit increased from 8.7b to 12.8b, but the PE went down from 70 to 26 and the stock gave ZERO returns. (My take on this - In 16 years the revenue increased at 9% CAGR while Profit increased at 2.4% CAGR. Is it a suprise that the stock did not give any returns?) Example 1 Coca Cola - From 1998 to 2011, Revenue increased from 18.8 billion to 46.5 billion, Profit increased from 3.5b to 8.6b, but the PE went down from 62 to 17 and the stock gave ZERO returns. (My take on this - In 13 years the revenue increased at 7% CAGR while Profit increased at 7% CAGR. Is it a suprise that the stock did not give any returns?. WIth the earnings coming a cropper, the stock did not give any returns).
ya do u think varun beverages will grow at that pace for the next 10 years ?and even if it will the valuation of 90 pe is stupendous for a business like varun expecting to grow at 90percecnt? if that is the expectation then the returns are gonna be meagre. cocal icek is a better value buy for the profits and valuation , mohnish is talking about multi-baggers so its a no
Tesla over ferrari any day and its faster and its not a ripoff. Fk ferrari lol least fun i had in a car. Tesla..fkn class most fun i had in a car. Spaceage.
I live in Hinjawadi and to think that Mohnish Pabrai was giving a talk in FLAME, the video feels like I am watching him live. Proximity bias I guess. Thanks for sharing.
I live in karve nagar kothrud..sm feeling
Excellent analytics on comparing Indian Beverage Vs Turkey Beer Company. Keep Educating Us .Thanks Flame.
I can listen to this guy for months without a slight distraction. Great guy. Love the way he talks.
Just what I needed on a Saturday afternoon..Thanks for sharing !!
It is practically insane to have access to this information. Thanks Flame university for generously uploading this.
Amazing insights as always and a lot of great details about Turkish stocks and Charlie Munger. Thank you
Always love listening to Mohnish's talks. He's able to explain topics in a way that a kid can understand
Thank you Flame university and Monish Pabrai for sharing these deep insights.
Excellent content.
Pls use time stamp plsss
Great conversation/ presentation
Thank u flame for sharing the knowledge ❤️❤️❤️❤️❤️❤️
Brilliant beyond words!
Thank You Mohnish sir
Excellent and thanks for sharing
Rajeev Thakkar and Raunak Onkar at 50:37
Almighty God bless everyone in the Global World
Monish talked about a stock Rain industries 4-5 years ago.. he had tremendous conviction and some crap data was provided in support of that ..
The stock hasn't moved in last 5 years.
So, basically don't buy the stocks that these guys.talk about in public forum
Just wait for 6 months and look at the stock price. You will be amazed ❤
@abinav2803 yeah, but if a stock like Rain industries languishes for 5 years while the entire market has almost doubled (and small caps have returned 200% retun) .. net net these stocks are wealth destroyers.
@@TheLionKing2345 If a stock gives us Zero Returns for 5 years & goes 4x in the 6th year, that's a CAGR of 25%. this point will be Plain Theory.
And that's why Investing is Never Easy 😃 But it's Possible !!!
This guy wasted my time......waste of 140 mins of my life. And they call this guy one of the greatest investors of the world. 😞
Talking of Varun Beverages, the stock today commands a PE of 90 and its 5 years average PE is 60, so it is a bit expensive compared to historical values. However what matters is its earnings growth in the last few years. In the last 10 years Varun Beverages revenue has grown at 22% CAGR and Profit has grown at 48% CAGR. In the last 3 years, Varun Beverages revenue has grown at 35% CAGR and Profit has grown at 75% CAGR. India's GDP is driven by consumption with the population increasing like rabbits. So by these standards Varun Beverages is not expensive and as long as the earnings hold above 30%, the stock will command a high PE.
The two examples he gave of Microsoft at 44:15 and Coca Cola at 44:55 are nonsensical.
Example 1 Microsoft - From 1999 to 2015, Revenue increased from 22 billion to 90 billion, Profit increased from 8.7b to 12.8b, but the PE went down from 70 to 26 and the stock gave ZERO returns. (My take on this - In 16 years the revenue increased at 9% CAGR while Profit increased at 2.4% CAGR. Is it a suprise that the stock did not give any returns in the next 16 years?)
Example 2 Coca Cola - From 1998 to 2011, Revenue increased from 18.8 billion to 46.5 billion, Profit increased from 3.5b to 8.6b, but the PE went down from 62 to 17 and the stock gave ZERO returns. (My take on this - In 13 years the revenue increased at 7% CAGR while Profit increased at 7% CAGR. Is it a suprise that the stock did not give any returns?. WIth the earnings coming a cropper, the stock did not give any returns).
Not able to payout??? Or payup? Whats he mean
Does anyone know how 700 servings per capital per year in 2038 was calculated? curious on how to get that number
Can someone help me with how to value a company
Plenty of Books out there. Put in the time and effort and you will understand
Just watch all the videos of this channel
He takes about only IND
He takes about only INDIAN business what about another 9 countries vbl selling products
Can I invest in Turkey from India??
When projecting soft drinks consumption it seems ppp should be a better metric than per capita GDP.
Rajeev Thaker and Rounak from ppfas in the audiance... Wow
Utter rubbish ...waste of 140 mins of my life. And they call this guy one of the greatest investors of the world. 😞
Talking of Varun Beverages, the stock today commands a PE of 90 and its 5 years average PE is 60, so it is a bit expensive compared to historical values. However what matters is its earnings growth in the last few years. In the last 10 years Varun Beverages revenue has grown at 22% CAGR and Profit has grown at 48% CAGR. In the last 3 years, Varun Beverages revenue has grown at 35% CAGR and Profit has grown at 75% CAGR. India's GDP is driven by consumption with the population increasing like rabbits. So by these standards Varun Beverages is not expensive and as long as the earnings hold above 30%, the stock will command a high PE.
The two examples he gave of Microsoft at 44:15 and Coca Cola at 44:55 are nonsensical.
Example 1 Microsoft - From 1999 to 2015, Revenue increased from 22 billion to 90 billion, Profit increased from 8.7b to 12.8b, but the PE went down from 70 to 26 and the stock gave ZERO returns. (My take on this - In 16 years the revenue increased at 9% CAGR while Profit increased at 2.4% CAGR. Is it a suprise that the stock did not give any returns?)
Example 1 Coca Cola - From 1998 to 2011, Revenue increased from 18.8 billion to 46.5 billion, Profit increased from 3.5b to 8.6b, but the PE went down from 62 to 17 and the stock gave ZERO returns. (My take on this - In 13 years the revenue increased at 7% CAGR while Profit increased at 7% CAGR. Is it a suprise that the stock did not give any returns?. WIth the earnings coming a cropper, the stock did not give any returns).
ya do u think varun beverages will grow at that pace for the next 10 years ?and even if it will the valuation of 90 pe is stupendous for a business like varun expecting to grow at 90percecnt? if that is the expectation then the returns are gonna be meagre. cocal icek is a better value buy for the profits and valuation , mohnish is talking about multi-baggers so its a no
Tesla over ferrari any day and its faster and its not a ripoff. Fk ferrari lol least fun i had in a car. Tesla..fkn class most fun i had in a car. Spaceage.