THE EDUCATION OF A VALUE INVESTOR (BY GUY SPIER)
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- Опубликовано: 2 июн 2024
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Guy Spier is a value investor managing the Aquamarine Fund, and who is quite famous for spending $650,000 on a lunch together with Warren Buffett in 2008. In his “The Education of a Value Investor” he shares his own investment process and strategies which has helped him during his career. Much of it is inspired by Warren Buffett and Charlie Munger (Buffett’s right-hand man). In this video you will learn some of his (in my opinion) most valuable teachings. And who knows? Maybe this will allow you to spend hundreds of thousands of dollars on a lunch in the future too!
Warren Buffett’s 25 most important investments ever (RANKED!): bit.ly/30TfZ9l
Top 5 takeaway of The Educations of a Value Investor:
00:00 Intro
01:28 1. Get A Mentor, Dead or Alive
03:35 2. The Anchor Named Debt
05:39 3. Create Your Very Own Omaha
07:21 4. The Reward Goes to The Inactive
09:45 5. Don’t Chit-Chat About Your Investments
My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there - investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties - I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process - upgrading your money-making toolbox.
Warren Buffett’s 25 most important investments ever (RANKED!): bit.ly/30TfZ9l
Where can I learn on where to buy stocks? I mean the platofrm to use, especially as a foreigner living in Europe.
Plzz...if possible...make a video on THE COMPOUND EFFECT by Darren Hardy
Anyway...really helpful content.
Love your efforts.
Another excellent video Swedish. It's perfect. Guy Spier is a great guy too. Thankyou.
Rewatching this vid after the short squeeze drama with WSB
Thanks you Sir !
Brilliant Presentation, Brilliant Delivery, Brilliant Insight and voice too👍👍👍
Not quite up for lunch, yet. Maybe next year? Machiavelli enjoyed reading the Classics; so have I.
Trading (is) for Dummies 🧙♂️🛂🗣
Thanks very much
Good to see you making new videos! Love your content!
Hey, thanks JuulNL! I'm happy to hear that. Best of luck with your investments, cheers!
Amazing video bro. Keep up the work 👍🏼
bro..... your channel is so usefull, thank u very much for these videos
I m a huge admire of your videos. Good job once again.
Thank you🤗❤
Thanks a lot for all the knowledge sharing. Which software do you use for creating these videos?
When I learned takeawy #3. Years ago, Steph Curry was an MVP basketball player making peanuts, because his contract had been negotiated before he was a star, and was a young, injury prone player. He was asked about the contract, and he said his dad (former NBA player/coach Dell Curry) had taught him how to deal with that. Steph said the key was: "never count another man's money."
This is great content! This channel is one of the best places to find life changing books!
Thank you for all of your great videos. Book suggestion for new video:
"Stress Test: Reflections on Financial Crises" by Tim Geithner
Which method do you use for valuation of companies (DCF,ev/ebitda,etc.)??--your silent student sarthak gangwani
Awesome video as always!!
Märks verkligen att den är en patriot då du nämnar Sverige hela tiden, gillar det!
It's one of my favorite books on investing. Great summary
Tip: add link of the videos you are recommending that you have already made in your description.
LOVE your videos. Please consider Control Your Retirement Destiny by Dana Anspach
How do you make the animations?
This channel is just awesome 👏
Am a big fan as well. His videos are an inspiration
please enable the video subtitles.!
your videos are GREAT!!! Could you please kinldy review the psychology of money by Morgan Housel?
Good content, informative 👍
Glad you liked it Nikunj Raval, I'm happy for your support!
@The Swedish Investor Where can I learn on where to buy stocks? I mean the platofrm to use, especially as a foreigner living in Europe.
I love your content and videos. I wonder what kind of software are you using the whiteboard animation. Hope you answer my question. Thanks
Value investing is the best way to invest in my opinion, buying good businesses when they are undervalued is key for good investment 💸🙌
Easier said than done.
Waiting in cash for 5 years when nothing is cheap is tough indeed
@Albert David I heard her strategies are really good
I just got into Bitcoin and I made my first profit with Mrs Elizabeth Madelyn, I wish I knew about Mrs Elizabeth Madelyn strategies earlier. She has really made name for her self I thought I'd only I and my bro Mike that get to know her
Bitcoin is the future, it's really a big chance to make money.
Nice
Sweden will be my Omaha in the future
create your own Omaha is my favourite
Can i request video top 5 takeaways of learn to earn peter lynch summary ?
What animation program do you use?
I really like it and would like to know.
always wonder when I look his videos!!
search for "Whiteboard animation", you will find some nice software.
Unfortunately they are all paid, some are cheaper than others.
Pone subtitulos en español!!
my favorite youtube chANNEL (;
does anyone know with what tool this video is maked ( to make the animations?)
CAN YOU MAKE A VIDEO ABOUT BITCOIN INVESTMENT ??
Now, we are really curious if you really got Swedbank-A in your portfolio ;) haha
Great job again.. When are we going to collaborate ????😂😅😂😜
Invaluable advice that could fundamentally change your life; listen closely, and take notes!
Hello buddy pls tell books on investing...except intelligent investors
Pls do reply
?
@@itrthho ? Means my question is clear
0:04 Buy 650K$ of AAPL sahres
One of my favorite Value Investing '"prepare your mind" book... along with Charlie's Almanack
Charlie's Almanack is one of my favorite books. Both are must reads :)
You don’t need leverage however using “other peoples money” helps
I'll be ballin if i'm spending $50 on lunch
Love your videos. I have a question though. Let's say you've already done extensive research on a stock, it's a winner for you and you calculate your fair value along with a margin of safety, now all you have to do is wait for the price to reach this number. Should you look at the stock price daily after the market closes? Should you only read and listen to the news and check only if any relevant data on your stock is shown? Basically, how should the follow up on a stock be? I wouldn't want to miss a buying opportunity by not paying attention to it. Thanks in advance!
If you will need to wait for the calculated value to lower then I don't think it's a winner. A good stock should be below the calculated value and the current point you did the calculations. But hey this is just my opinion
@@syn1819 thanks for the reply and yeah that makes plenty of sense. I've been reading somewhat since I posted this comment and basically one who wishes to practice value investing is looking for companies that are currently undervalued and have been for some time, that way you can buy into it for some time and build up your position. Then it's only a matter of time (with a bit of luck) for the market to realize it's a good company and it's price would go up (hopefully steadily and not too abruptly like Tesla for example). Of course this is one example of value investing, one can also consider investing into a well known company if it has a sudden and sharp decline in its stock price (like Warren did with coca cola), as long as you know the fundamental values of the company haven't changed. So yeah, I guess my question was centered along this last way, therefore finding out if a company like Microsoft or Google took a blow to its stock price won't be hard to find out about in the news.
@@MannedSoldier i think both strategies work fine. If you find a good company with good fundamentals and it’s trading higher than you’d be willing to pay for it no harm in putting it in a watchlist and keeping an eye on it while looking for other opportunities
Sounds like a book about investing to be rich when your old and crippled and not when your young or still able to enjoy life fully. 30-40 yrs I be old.
problem is trying to get rich quickly involves a lot more risk and uncertainty relative to just puting your money sitting in an index fund, if everyone consistently saves up their money they'd be virtually guaranteed to become wealthy over the long run, but if everyone is to start a business only a very small portion of them would be able to make it big by scaling their businesses while the rest would barely break even and most would fail. or you could also you know, gamble with a negative expected return but hey if you're lucky maybe you'll make it big
6:28 that absolute violation of the uk
notice at 6:26 how Europe is all there except for the UK.😂😂😂
My guy , please make a list that is made of all the trading videos it will gives you more views & a better experience for us. Make sure to make them from A-Z.
Since the Guy Spier fund's inception in September 1997, his fund has compounded at a rate of 8.9% annually, versus 6.2% annually for the S&P 500. The fund's total return since inception is 376.4%, versus 202.4% for the S&P 500. so probably it would have been safer to put the money in index fund lol
I didn't actually check that before making this summary, but this is good additional information Musa Absi. Thank you for sharing!
You kidding? That's almost double the total returns!
9:20 hey i don't know about that mate.. Sometimes theres a company I want, and i wait days, weeks, months for it to get to the price i want.. and i do follow the market.. u never know the day the market will drop 7%.. especially in these times.. great deals are on the open and u need to be tuned in this Era of corona. I guess putting a buy limit is also nice, but you can miss on a better bargain.
You could also set alerts at the prices you are interested in
Read the book and found other hidden gems.
Please I have been following your videos for a long time now but none of them seems to operated in my country especially the money making ones
And I have been scammed a lot of times over 5 times
And I am so scared I'll loose all the 30$ left on me
So please I need your help and advice on investment
What country is that?
Buffet used leverage for most of his career in the form of insurance float.
"The more you learn, the more you earn" -Warren Buffet
Hey where ya been? Lol
Hey man! I've been creating this one: ruclips.net/video/jMuX_-hE7SQ/видео.html 😁
@@TheSwedishInvestor love your vids! Keep up the great content
Jesus is God
Exodus 3:14 (God speaking)
And God said unto Moses, I AM THAT I AM: and he said, Thus shalt thou say unto the children of Israel, I AM hath sent me unto you.
John 8:58 (Jesus speaking)
Jesus said unto them, Verily, verily, I say unto you, Before Abraham was, I am.
God called Himself "I am" and Jesus called Himself "I am" which proves He is God in the flesh.
Now we're just waiting for Jesus to return for us believers.
Titus 2:13
Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ
Revelation 1:7
Behold, he cometh with clouds; and every eye shall see him, and they also which pierced him: and all kindreds of the earth shall wail because of him. Even so, Amen.
---
There Are None Righteous
Romans 3:10
As it is written, There is none righteous, no, not one:
Luke 5:31-32 (Jesus speaking)
31 And Jesus answering said unto them, They that are whole need not a physician; but they that are sick.
32 I came not to call the righteous, but sinners to repentance.
Romans 10:9
That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved.
Ephesians 2:8-9
8 For by grace are ye saved through faith; and that not of yourselves: it is the gift of God:
9 Not of works, lest any man should boast.
This book is not really suitable for individual small investors but rather for fund manager
The book has some great life & investment lessons. I think small Investors can learn a lot from it as well
@@WeLoveValue sure we can all learn something but overall there are books which are more suitable for small investors
@@manhlinhdoan2406 Agreed. Definitely better beginner books out there.
STAY AWAY FROM MARGIN!!!!!!!!
Value investing is useless unless you're Buying a significant portion of that business , Otherwise if you're someone with say like 500K you're gonna wanna do Swing trading / High frequency trades and such or at least simple Trading but not day trading . Because look at apple and amazon they're both valued a lot of times higher than it's NAV because People think that's how much they're valued so doesn't matter what is it's intrinsic value if you're just a small Trader .
Depends on how you see it I guess. Sure, you won't be doing the kind of deals that Buffet can do with the capital that he has, but he didn't ask you to do that either. He says buy a wonderful company at a good price instead of a good company at a wonderful price. You need to define for yourself how much is a fair enough price to you.
For example, there's a lot of value buy in the March crash, you can get great companies like McD and VISA on the cheap. No one would have predicted that the market will rebound with the ferocity that it shown in the last few month, but if history teaches us anything, good stocks - given that the nature of their business operation and landscape have not shift in a big way - should recover and continue their growth trajectory in due course. A bet on those companies back in March is surely much safer than companies like Zoom or Tesla (not saying they are bad, but you get my point).
The only problem with value investing is it is hard to master as you don't know how long you need wait for an opportunity and how long you need to sit on your holdings before it brings you the results that you expected. What if your valuation and research is wrong? What if there's a sudden shift in technology or consumer habits that will drastically damage the business, but you did not foresee it coming? Then it will be a waste of money - and most importantly - time.
That's why people tend to try to beat the market short-term when they see certain stocks jumped 20-50% within a month while theirs didn't move at all. It's a natural itch. That's not to say short-term trading wouldn't be profitable, it is just less predictable. But of course, in the end, there's no right or wrong method, as long as it suits you and grow your wealth consistently.
Maybe this answer from Buffet could shed some light that value doesn't necessary has to tie with book value.
ruclips.net/video/wTCg0JmsXzc/видео.html&ab_channel=BuffettOnline
Buffet sold banks and airlines, betraying his own life motto and also losing a lot of money. I don't think this is the best time to mimick him.
Also, Bought and sold newspapers.
Why did he betray his motto here? Airlines' future earnings powers have declined tremendously during the last couple of months. Also they added more debt and diluted shares. I personally think it was perfectly fine to sell it
Retail probably shouldn’t be mimicking and copying Buffetts stock picks considering the money he manages. He sold banks to consolidate into his highest conviction pick nothing wrong with that and the airline sells were justifiable but unfortunate he ended up selling at the bottom. If the fed didn’t rob him of his opportunity of a bear market wed be having a different convo but oh well
Buy bitcoin it will help for the long term
Bitcoin is hard to "value"