MARGIN OF SAFETY INVESTING - CHAPTER 6!
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- เผยแพร่เมื่อ 5 ก.ค. 2024
- We continue with our summaries of the best investing book out there, Margin of Safety by Seth Klarman! This is chapter 6 discussing:
0:00 Margin Of Safety Chapter 6
2:58 Waiting For The Right Pitch
6:37 Business Valuation
9:29 Margin Of Safety
15:52 Crashing Market
18:08 Efficient Market Hypothesis
20:54 Value Pretenders
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We'll all be value investors in 2023
Can you explain that a little bit further? :)
@@TheCashFlowChannel everything will be so cheap next year because of this recession! So it will seem like all stocks are good values
You’re not wrong
Lol
@@tylerbaisden1308 This could happen! I want great businesses at a fair price. But not every stock is a great business :)
I've been reading one chapter ahead of your videos. These videos help me see what I might have missed and they are very informative when you add modern examples of what Klarman was talking about. Keep up the great work!
Excellent!
No wonder that book is impossible to get, it's filled with gold! - Thanks for your summary!
Thank you Sven for making such truly valuable videos.
Sempre ben druze Sven, grazie per il servizio
Your best videos are these Sven! 😉
Value investing all the way! Great summary! Thank you, Sven!!!
Thank you for your time. I think this is one of the most important books.
Great stuff! Thank you for your summary and thoughts. Margin of Safety is so important. I need to learn more about it and how to apply it when analyzing businesses.
Thanks Sven for summarizing this great book. Ineed knowing when to realise losses is as necessary as difficult for anyone. This year is proving specially tough on this aspect. These days I find that low PE ratio stocks are generally cheap for a reason, and good stocks aren't cheap yet. Definitely a challenging year from which to learn a lot :)
Strong focus on business research and fundamentals. Waiting for lowest stock price is secondary for me at least. Then just need patience for compounding of returns and future passive income.
Awesome video, definitely enjoying this! :)
Thank you , very good content for the difficult subject. It seems that valuation is the hard part as it requires a lot from the investor ; to be able to estimate generation of sustainable earnings (with good profit margin) in a long time ahead (like 10 years) in a dynamic environment with increasing interest rates.
Hi Sven thanks for this book summary and everything you do. I think it would be a great idea making a video about very concentrated portfolios and no diversification in stocks, like Munger or Li Lu's 4-5 stocks, Pabrai just 1 even Buffett 50% apple. Saluti!
Great video Sven!
I wish I re read this book before I started buying baba at 160$
We should of been demanding a greater margin of safety knowing
the underlying risks of the situation in china and think of the worst case
scenario. If the worst case scenario is implemented, we should insist on a
lower stock price, thus creating a bigger margin of safety and a safer entry point.
I'm happy that I made this mistake at a young age so I am learning from my mistakes.
It would be nice to have your commentary on the recent comments by Davin Einhorn on value investing.
I smash the like button even before listening to the video. That's how I like Sven.
Remember to CRASH the like button
🗽Interest rates are going higher in the US. Very good for value investing. 👍
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Thank you for sharing, I have a lot respect for Seth klarman but I do disagree with selling at intrinsic value. I like to buy more spawner like companies so maybe that’s why.
Anyway, great video I always appreciate the values you share with us.
This is kind of numerical, Graham Style, cigar butt approach. This book was written in the 90's and the author was giving the example of a great buy a bankruptcy company Texaco. Meanwhile the real money with no trading could be made with Starbucks, McDonald, Intel, Microsoft, Amazon, Apple, Nike and many many others.
I still think that Munger's approach is the best (more like common sense). Buy a great business at a fair price in the growing industry with huge TAM ahead and a good CEO
You mentioned once in the comment that taking into account management is investing romantics. I disagree. Success of Tesla is Musk, initially no moat Starbucks is Howard Schultz, Facebook is Zuck, Apple is Steve Jobs, Google - Larry Page and Sergey Brin, come back of Microsoft is Satya Nadella.
The moat of a company needs to be build and most important to be kept, it is not smthg just exists in the business genetics and managers dont play a big role in it.
a suggestion....you could add a discussion for the catalysts on the covered stocks on your platform...would be a nice surplus
Thanks a lot
:-)
Thanks Sven! That said, knowing that the stock market is a zero sum game, if the S&P is flat for the next 10 years and meanwhile someone is making 10x... who's losing? Buffet, Klarman, Smith, Burry, Munger, Ackman, LiLu or Dalio ? Like they say, if you're at the poker table and you don't know who the sucker is, that means it's you. Anyway, great summary :)
Nobody, it is not a zero sum game! Investing is a positive sum game!!! Businesses create value!
Best.
-For the Algo.
Super 💪
If a stock is removed from an index does that make it a potential buy? I mean all of the mutual fund managers and index fund managers will have to sell putting pressure on the price.
What is the best asset class in high inflation environments?
How much is the value component of sp500 ?
Yes, Value Investing concept is easy to understand but Extremely difficult in practice. To me, here are 2 most difficulties of V.i:
1. Analyze the Nature of biz and predict its future operation, say in 10 yrs. Require lot of time to collect info and knowledge to analyze those data.
2. when no opportunities, patiently hold tight to cash and wait say for couple yrs is hard.
You can’t hold tight. Drops like this is once every 10yrs.
@@TheBooban You don't get point 2#
Value investing is a much better long term strategy than trading on technicals but I can't help but feel that it's just a different way of timing the market, in the end value investors are trying to time the market to buy when the fundamentals are great and the price is right.
This is an observation rather than a criticism, in the end all strategies try to time the market one way or another.
Its timing the company not the market :)
Trading on technicals is like buying a piece of farmland then selling it next year hoping the price of lands goes up. Value investing is buying a piece of farmland (for a fair price) and using it to grow crops to generate stable profits every year for the foreseeable future.
Sven, can you post videos for books two chapters a week? This way we can learn about the books at double the speed and you can make more content slightly easily.
Also, just to add, love your video, you are too good.
Then he would half the number of videos. Not a great move for a content creator.
You do the work Sven
more content slightly easily??? Do you know how much work goes into this and preparing it???? :-))) I wish I could!!!
@@Value-Investing thanks again Sven, I appreciate all you do.
@@Value-Investing - Oh ok, I get it. Thanks for responding
What have you got against skinny dipping?
Sven, can you do a video on CMCSA?
@WorkInProgress what?
Is BABA one of these one great investment or a dump it?
time will tell
what happened to Sven's demo 1,000,000 portfolio? losing money?
Sven has to update on it, add more stocks, but given what is going on it is likely in the red :-)))
Sven, are you back invested in the market? I’m struggling to listen knowing that you aren’t investing…
th-cam.com/video/bnje9PfQe64/w-d-xo.html
So you are saying value investing will save you while other "experts" from companies like JP Morgan are saying value investing is dead. I really wish all you "experts" would make up your minds.
value investor is dead,. even in this condition with sp500 at 25%, the best growth stocks are outperforming, simply move on with the world
filtered
First
Good boy!
Beat me to it
@@ahmedalnumairi3498 🤣