10 Psychology Lessons I Learned from 22 years of Value Investing

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  • เผยแพร่เมื่อ 8 ก.พ. 2025

ความคิดเห็น • 150

  • @spurgunisti8294
    @spurgunisti8294 8 หลายเดือนก่อน +15

    Fantastic video, forwarded it. I honestly think you have one of the best investment channels on youtube. No hype, no shortsightedness, pure valuable lesson.

  • @afonsodeportugal
    @afonsodeportugal 8 หลายเดือนก่อน +9

    For me, the most impressive number in this presentation is the 0.8x during the financial crisis. Not getting destroyed during bear markets has been the most difficult thing for me!

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +2

      :-) And I played with little money!

  • @ljragsandfeathers
    @ljragsandfeathers 8 หลายเดือนก่อน +6

    Sven, I so appreciate how responsive you are to your viewers. Thank you so much for another amazing video ❤

  • @nrwalsh
    @nrwalsh 8 หลายเดือนก่อน +8

    Awesome video Sven, thanks for the quality content. In a decade of watching you tube I've only liked 176 videos, this one is number 177

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +2

      Wow, thanks!

    • @TheScaryGermanGuy
      @TheScaryGermanGuy 8 หลายเดือนก่อน

      How do you know how many videos you have liked? Is there a way to see them?

  • @UncleKruno
    @UncleKruno 8 หลายเดือนก่อน +3

    Hvala gospodine Carlin na ovom izvrsnom videu. Potrebna je velika količina poniznosti da bi se pogledalo u ogledalo i analiziralo razloge za performanse.
    Želim vam puno sreće u sljedećih 20 godina ulaganja i uvijek odlične prinose.
    Pozdrav iz Houston-a

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +1

      hvala!!! Pozdrav u Houston!

  • @apc9714
    @apc9714 8 หลายเดือนก่อน +27

    Whenever someone asks me about stocks and investing I send theem that buffet interview. His wisdom his absolutely incredibile

    • @andypicken7848
      @andypicken7848 8 หลายเดือนก่อน +4

      apc9714
      He really is incredible

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +2

      absolutely!

    • @Maxxumless
      @Maxxumless 8 หลายเดือนก่อน +1

      It really is.

  • @Fath-gx9mk
    @Fath-gx9mk 8 หลายเดือนก่อน +2

    When anyone asks about psychology in investing you need to go and see “psychology of human misjudgment” a super valuable speech by Charlie munger

  • @jkalinful
    @jkalinful 8 หลายเดือนก่อน +1

    Thank you very much for this video. I am dividend investor but getting more and more interested on value investing. And your channel is really helping me a lot. Thanx 👏👍

  • @marccappelli4414
    @marccappelli4414 8 หลายเดือนก่อน +1

    And outstanding video on how to take FULL advantage of" stock market crashes "and not be part of the herd running in fear but instead obtaining massive returns from a stock watch list of fundamentally strong stocks which can also withstand any recession and not Go bankrupt… great job ...Marc ..NEW York

  • @joeprovidefinance8137
    @joeprovidefinance8137 8 หลายเดือนก่อน +2

    You have shared so much wisdom over the years. Thankful for you.

  • @dredoctor8271
    @dredoctor8271 8 หลายเดือนก่อน +3

    I always want to type an entire paragraph about all the other subjects, things I learned and got out of the videos. But always have to delete all the things I wrote out, because I am giving myself a headache in trying to explain it. I think Nassim Taleb, Kahnemann are the two who did great in describing the complexity of the subject. Taleb in a way that the unknown does not exist and with the paradox that you do need to be prepaired for it. Kahnemann on how irrational we humans are and that only a trained person can do good on the market, because the trained can be objective and "boring".
    If anyone finds time to read more about this topic, also read work from Morgan Housel - psychology of money and or Mark Spitznagel - the doa of capital. Sven you teached me a lot about investing, great work!

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +2

      thanks for sharing, and for the long comment :-)))

  • @muruganvelsamy3291
    @muruganvelsamy3291 8 หลายเดือนก่อน +1

    Super up bro.. all the best!! my money grows regardless of what happens in the market..

  • @mathpath7775
    @mathpath7775 4 หลายเดือนก่อน

    That results are impressing! Thanks for sharing with us

  • @jeremynewell9903
    @jeremynewell9903 8 หลายเดือนก่อน +5

    This is your best video in recent years.

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +3

      glad to hear that!!!

    • @ajbahlam
      @ajbahlam 8 หลายเดือนก่อน +1

      @@Value-Investing Don't listen to him. Other videos are also good, it's hard to pick the best one.

  • @yohjijames1413
    @yohjijames1413 8 หลายเดือนก่อน

    Great video as always Sven. The mention of ZIM sent a shiver down my spine! I learnt my lesson the hard way on that one

  • @Rajmanov
    @Rajmanov 7 หลายเดือนก่อน +1

    you are the real MVP

  • @nonexistent5030
    @nonexistent5030 8 หลายเดือนก่อน +2

    Can you please do more about how to know when to sell? Or how to recognize "value traps?" I hate that term but i think in the information age there really is this idea that companies that get cheap are cheap for a reason and how do you know if you bought it under mistaken pretenses.
    I think your followers would super love this content.
    Thanks!

  • @fredwinslow744
    @fredwinslow744 8 หลายเดือนก่อน +2

    Great video Profeessor !

  • @ivailoruikov5558
    @ivailoruikov5558 8 หลายเดือนก่อน +1

    Congratulations, Sven 👏

  • @pongop
    @pongop 8 หลายเดือนก่อน +1

    Excellent video! Thank you for sharing your lessons!

  • @notyourtypicalpainter
    @notyourtypicalpainter 8 หลายเดือนก่อน +4

    About the whole ZIM thing... It is easy to say "You missed big" in hindsight but it takes discipline to not have FOMO when you understood the risks and rewards! Also do you road bike Sven? I keep seeing bike art in the background!

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +2

      Just a little bit to keep me in shape, I do spearfishing.

  • @ed2023bc
    @ed2023bc 8 หลายเดือนก่อน +3

    97% of all people will never understand 99% of what Sven is talking about. As the comment about ZIM stock shows. That's not that bad, since more value for those who get it. Thanks for great video again!

  • @roberttaylor3594
    @roberttaylor3594 7 หลายเดือนก่อน

    looking back on the last few years, parts of it were ugly...feel like I missed out on opportunity.... but I reinvested all the dividends I made in that time, improving my general condition, so I did what I could do.

    • @Value-Investing
      @Value-Investing  6 หลายเดือนก่อน

      thanks for sharing, that is how we can do it

  • @AnyangU
    @AnyangU 8 หลายเดือนก่อน +2

    Good video, Thanks! It was very informative and interesting.

  • @darrensymes6902
    @darrensymes6902 8 หลายเดือนก่อน +1

    My gratitude to you show us thank you 🎉 i Watch most videos 📹xxxx

  • @anderson6379
    @anderson6379 8 หลายเดือนก่อน +1

    Thanks for sharing your lessons, as always 🙏

  • @rduras
    @rduras 8 หลายเดือนก่อน +2

    It is good to be reminded about these from time to time. Hvala Sven.
    Btw. Which forum was that? Poslovni?

  • @reign0ffire88
    @reign0ffire88 8 หลายเดือนก่อน +4

    Lesson I learned was never follow TH-camr’s investments. They’ll make you poor in the long run. Learn how to invest yourself or just buy index funds.

  • @Xt-h2e
    @Xt-h2e 8 หลายเดือนก่อน +2

    Good video, thanks!

  • @herokorai8346
    @herokorai8346 8 หลายเดือนก่อน

    Thank you for the video. I agree with most of your points except the part 15 minutes onwards when you emphasized looking for investments that have "no risk". That's usually the speech of people who are trying to sell. I am not saying you are one of those marketers, but I personally believe there is ALWAYS risk. The key is to buy an investment where the knowable risks are priced in. Howard Marks' memos have served as good reminders for me when it comes to risks.

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +1

      we are trying to minimize risk, or to say it in a different way - if things go wrong, we still do ok...

    • @herokorai8346
      @herokorai8346 8 หลายเดือนก่อน

      @@Value-Investing Thank you for clarifying - I agree with you 100%

  • @jirivanek7781
    @jirivanek7781 8 หลายเดือนก่อน +1

    Hi Sven, as Warren mentioned investing in small caps. Can you please made a video about investing in small companies and is the strategy and red flags? Thanks!

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +1

      here is one: th-cam.com/video/-FNezYE560c/w-d-xo.html

    • @jirivanek7781
      @jirivanek7781 8 หลายเดือนก่อน

      @@Value-Investing Thank you Sven!

  • @leonkowski7748
    @leonkowski7748 8 หลายเดือนก่อน +1

    Thanks Sven

  • @HappyLearner-jb7jp
    @HappyLearner-jb7jp 7 หลายเดือนก่อน

    You started right when I was born and I started in 2024.
    What types of companies exist, which would be the best ones to learn about to create a circle of competence?

    • @Value-Investing
      @Value-Investing  7 หลายเดือนก่อน

      the ones that you have a feeling for, it also depends on the person (local, industry etc..)

  • @OscarLopez-o9j
    @OscarLopez-o9j 8 หลายเดือนก่อน +1

    Outstanding videos! Can you please make a video reviewing Bristol Mayers Squibb

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +1

      thanks for suggesting!

  • @minhdinh3942
    @minhdinh3942 8 หลายเดือนก่อน +1

    Can you do a video on pinduoduo, you are the only value investor I trust ! I think we can make more money with PDD!!!

  • @Hrx84
    @Hrx84 8 หลายเดือนก่อน

    Your result before 2017 was almost perfect. After that X2 with more knowledge and experience was bad.

  • @griesemermd
    @griesemermd 8 หลายเดือนก่อน +1

    Great video. Thanks

  • @dobcsek
    @dobcsek 8 หลายเดือนก่อน +1

    Great video!

  • @pablopiquante3227
    @pablopiquante3227 8 หลายเดือนก่อน

    Sven, many of my friends are dedicated index investors. Can you show your returns compared to a global index? Thanks!

  • @ASenseofCapital
    @ASenseofCapital 7 หลายเดือนก่อน

    Warren would be proud! :)

  • @T0mkisss
    @T0mkisss 8 หลายเดือนก่อน +1

    "Everyone else will be getting rich faster" - they will appear to be, because out of the 10 gamblers that started a year ago, only the 3 that got very lucky will be visible and showing off their "amazing skills". And after another year 2 of those will have gotten humbled, etc.

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +2

      that is how it goes, I still remember the marijuana stocks in 2018....where are they now

  • @ivancz8
    @ivancz8 8 หลายเดือนก่อน

    Great explanation. Do you think $ULTA $LULU $INTL or $DIS could be value selections in todays market?

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +1

      value is when a good to great business, that has long-term earnings potential, is trading at a low valuation due to CURRENT issues, not structural

  • @patrickshanghai2064
    @patrickshanghai2064 8 หลายเดือนก่อน +1

    good show.

  • @AIKIDOMUSASHI
    @AIKIDOMUSASHI 8 หลายเดือนก่อน

    Thank you ❣️

  • @николайгеоргиев-с5о
    @николайгеоргиев-с5о 8 หลายเดือนก่อน +1

    What if you was invested in NDX trough this years?

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +1

      3x since 2000, 15 since 2002, ok, but hard to nail...

  • @yiannisspanos7468
    @yiannisspanos7468 8 หลายเดือนก่อน

    Hey Sven, nice video, as always! Just out of curiosity: what was the trigger for the 2005 surge in Zagreb Stock Exchang? This move reminds me of the Greek stock market in 1999, some years before the adoption of Euro. Back then, a big chunck of the population was invested and as one might guess, this didn't end well.

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +3

      many European funds started investing, alongside domestic money, low volume pushed prices higher - Norwegian pension fund was buying like crazy

  • @billyjohnson9166
    @billyjohnson9166 8 หลายเดือนก่อน

    Sven do you have your own fund that can be bought on the open market?

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +1

      no, I like to be independent!

  • @talblech
    @talblech 8 หลายเดือนก่อน +1

    thanks sven.
    can you do a video about etf?
    how to compound if you are not knowledgeable enough

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +1

      Berkshire - that is all you need to know!

    • @talblech
      @talblech 3 หลายเดือนก่อน

      @@Value-Investing I seriously consider your suggestion
      What confuses me is his wife’s inheritance instructions of investing in s&p500
      Different times maybe?
      Also, can you let us know your thoughts about dividend growth investing (investing in dividend champions etc)
      Thanks so much for your work 🙏🏻

  • @andres.1335
    @andres.1335 8 หลายเดือนก่อน +1

    great video

  • @georgesamaras2922
    @georgesamaras2922 8 หลายเดือนก่อน +1

    You should analyze KNSL

  • @Slickpete83
    @Slickpete83 8 หลายเดือนก่อน

    *what does Warren Buffet like in Canada, he said something about liking something in Canada at the last share holder meeting* ????

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +2

      one of the good countries

    • @Slickpete83
      @Slickpete83 8 หลายเดือนก่อน +1

      @@Value-Investing *indeed a great country with an awful federal government, but which Canadian companies have the best value that Buffett might like that is the question*

  • @Alexander-Bunyip
    @Alexander-Bunyip 8 หลายเดือนก่อน +3

    I will sleep well tonight - great advice from Dr Sven & Uncle Warren 😅

  • @lucschoonen
    @lucschoonen 8 หลายเดือนก่อน

    Planting fruit trees will teach you everything you need to know about investing

    • @lucschoonen
      @lucschoonen 8 หลายเดือนก่อน

      Nut trees will teach you even better haha

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน

      :-)))

  • @ZelenoJabko
    @ZelenoJabko 8 หลายเดือนก่อน

    Sven hvala za tale video. Želim si, da bi imel denar leta 2009, ampak sem bil samo reven študent. Danes ko pa imam denar so pa vse delnice močno precenjene, biti v denarju pa si ne upam.
    Lepe pozdrave is Slovenije

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน

      jaz sam tudi bil student :-)))

  • @billcarruth8122
    @billcarruth8122 8 หลายเดือนก่อน

    Investing is when you stop thinking about the stock market in terms of buying and selling things that go up and down. Investing is becoming a fractional owner of a business. The market is just a means to an end. As Buffet has said, once he had fully owned See's Candies the companies stock price didn't even exist, and he couldn't have cared less what other people valued his stocks at. He cared about selling candy.

  • @-Hussainnn
    @-Hussainnn 8 หลายเดือนก่อน

    Show us your portfolio

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +1

      you have it on my platform

  • @IIIlIllIllllII
    @IIIlIllIllllII 8 หลายเดือนก่อน +2

    Sven, how about Charter Communications?
    Hedgefonds Managers seem to like it at this price.

  • @frstchan
    @frstchan 8 หลายเดือนก่อน +1

    Isnt it just because you managed to invest in the greatest bull market in history where more or less everything went up in value?

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +2

      nobody was investing when I was investing, not my fault it went up. Plus, what I owned would had gone up anyways.

  • @ip400
    @ip400 8 หลายเดือนก่อน

    Hi Sven, have you ever considered to do videos in Croatian league? I guess a lot of people from this region would benefit a lot from your videos in Croatian. My impression is that the majotity is still stuck in socialistic mindset.
    Pozdrav

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน

      I don't think the mindset is the right one for me, it is a nation of gamblers....

    • @ip400
      @ip400 8 หลายเดือนก่อน

      ​​@@Value-Investing I was thinking, this makes your videos even more important, but I get your point. Gamblers don't watch your videos anyway.

  • @HyperspaceHoliday
    @HyperspaceHoliday 8 หลายเดือนก่อน

    You've been value investing for 22 years? Me too. What is your base currency?

  • @andypicken7848
    @andypicken7848 8 หลายเดือนก่อน +1

    "I LIKE the lac of stimulation"
    Absolutely fookin priceless

  • @Ravencroft81
    @Ravencroft81 8 หลายเดือนก่อน

    "No one can beat the market all the time" at least not all the time, is a false statement? I read the outperforming stocks don't follow a Gauss curve:
    39% of stocks lost money over that 24-year period.
    19% of stocks lost more than 75% of their value.
    64% of stocks underperformed the index (got beat by the market)
    36% of stocks outperformed the index (beat the market)
    18% of stocks outperformed the index by 100% or more
    6% of stocks outperformed the index by 500% or more
    You are able to beat the market consistently because besides value investing rules, you don't have to move billions like fundmanagers?

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน +2

      I don't even try to beat the market, I just invest so that I do fine for myself. THat is it!

  • @johnmcquaid7524
    @johnmcquaid7524 8 หลายเดือนก่อน +1

    Commission free trades definitely have an effect on my investment strategy. I definitely invest longer term (I almost forget about the Brk.b shares I own) if commissions are involved.
    My commission free accounts are definitely more active trading & I have to convince myself to not sell for the next stock rumour.
    🥈
    Great video to start the weekend!
    Thank-you.
    🇨🇦

    • @theWebWizrd
      @theWebWizrd 8 หลายเดือนก่อน

      Your trades are never truly comission free. As far as I understand, most platforms that do not charge comissions (like Robinhood) sell access to their trades to brokers so that the brokers can buy then sell to you at a slightly higher price. That's the hidden comission that you lose on every trade.
      Either way, better to just always imagine a big cost to buying a stock. Warren Buffet has famously said that people would be way better off as investors if they invested as if they only had ten investments they were allowed to do in their lifetime. Once you play as if every trade costs you one of ten lifetime tickets, you will spend way more time and care on each business.

    • @johnmcquaid7524
      @johnmcquaid7524 8 หลายเดือนก่อน

      @@theWebWizrd .. in the mid-1990’s, I had to phone (office phone) our trading floor (two floors above me 🇨🇦) and verbally order stock for an employee discount commission that probably cost $45 CDN to buy 200 shares of a company name I can’t even recall.
      I now typically bid on investments (not market price). If the Canadian commission free brokerage makes money, I am quite happy with that arrangement. I’ve held only Brk.b longterm; some days I am tempted to only hold two investments (🇺🇸: Brk.b & 🇨🇦: FFH or FRFHF). I have a few shares of about 20 stocks that I use to track investment opportunities; but, really only invest heavily in 7 stocks. I still have 3 tickets to punch; but, they will have to be quite an opportunity for me to invest.
      Mr. Buffett .. I’ve been a fan since late 1990’s .. I can’t say anything that hasn’t been said before. This channel does remind us to watch Mr. Buffett’s actions; not his words.

    • @johnmcquaid7524
      @johnmcquaid7524 8 หลายเดือนก่อน

      🥈

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน

      thanks for sharing!

  • @CubanCigars
    @CubanCigars 8 หลายเดือนก่อน

    Making videos on TH-cam made you rich

  • @kloppskop4149
    @kloppskop4149 8 หลายเดือนก่อน +1

    had me at Macron blah blah blah 😂

    • @mikkelhansen3714
      @mikkelhansen3714 8 หลายเดือนก่อน +2

      Also what Powell has for breakfast and how he farts haha

    • @Value-Investing
      @Value-Investing  8 หลายเดือนก่อน

      :-)

  • @MassimoX
    @MassimoX 8 หลายเดือนก่อน

    new clothing, finally!

  • @baffinsansterre
    @baffinsansterre 8 หลายเดือนก่อน

    Amazon without AWS is not the same thing.

  • @crohmer
    @crohmer 8 หลายเดือนก่อน

    omg stop