Hope you're all having a great week - Shout out to patreon members, if you want to try it out, you can join the free trial here: www.patreon.com/josephcarlson
Honestly, one of the best channels out there on general investing, from the transparency of the portfolio to the depth of data and collections of charts, and he makes it all easy to understand by always taking it back to first principles. Big props to Joseph for putting this together on a regular basis. If you haven't listened to his three part deep dive into Amazon on Joseph Carlson After Hours I highly recommend it!
I’ve tried to copy his layout. It’s more than time consuming. Investing is hard. Making these videos is harder. I love Joseph Carlson, and his videos. Great investor and great content creator
He isnt an analyst. He is a random guy with loads of money. If you have loads of money you can buy alot more stocks. And earn alot more. Doesnt mean anything.
Kudos Joseph for putting together this video. It really helps highlight why listening to the financial news noise is a major distraction. Focus on buy into great companies early and on dips...Then hold on. 🤑
Why do you always use BABA as an example of a failed investment? You invested less than a year ago, and the whole point is to wait for at least 5 years, assuming the investment thesis has not changed, which it hasn't.
@@plowerrr3 I don't think I heard him say it was a failed investment, did he? He said that he "was it the same mistake" which in hind sight, buying BABA at the price was in fact a mistake. Obviously it happens to everyone because we don't have a crystal ball, but I think he was just acknowledging it as a mistake (unless there is a part I didn't catch, feel free to let me know).
@@NiceGuyEddy00 By that measure, Starbucks can be the same “mistake,” in terms of buying in at the wrong price. So Alibaba should be no more a mistake than Starbucks, in theory. It’s not a mistake to buy at the wrong price as long as the fundamental analysis is sound, which is the point being made in this video. Also, if one were to actually buy into a company “at the wrong price,” that would be considered a failed investment, because that means you paid too much for it.
@@plowerrr3 Not a failed investment. Its a "failed investment" if the stock goes out of business or you misread the fundamentals. A mistake or buying at a wrong price is far from a failed investment.
I doubled down on Starbucks today at a great price for a fantastic company. I work at one of the biggest hospitals in the world , there is 1 Starbucks there and the line is so long you can't even get in. The Starbucks by my house the line is constantly so long you will wait for awhile, guess what? People wait because they want it that much! Outstanding video sir 👏 one of the best points and presentations you have made.
Yea I went on vacation a few months ago and a hotel had a Starbucks built in. People (including myself)were skipping the free hotel breakfast to get their Starbucks and the line was long. The brand loyalty is there, people love their Starbucks. Im adding to my position
I like your thoughts and channel very much Josh. About Starbucks. I like your thesis. I have a other opinion about the company. For me it doesn’t fit in my portfolio because I don’t like the products. Then it’s just what Buffet says … think about it long term fin/psych as a farm. If I don’t like the products… I am not able to hold it long term because psych doubt will appear. I also think that Starbucks has a lot of new competition from JDE, Mc Donnalds café, Dunkan Donuts, local coffee counters, etc. And in Europe… it doens’t have a good reputation for it’s coffee. It’s more like a icecream shop over here. It can’t compete with european coffee customs like the Italian coffee culture wich is far more tasty and has a better reputation. So what I mean is.. not looking financial fundamental… I look for a reason to be able to hold the company long term psych. But I see the value… but not the ‘good feel’ for a long term. Hope my thoughts contribute to the discussion. It makes us all better! (I hope). Thank you for all your knowledge you share.
Love your videos man. I'm mainly a real estate investor with a small portfolio of rental properties, but I'm getting back into the stock market after being burned at different times in the past. Just planning on sticking to big tech, especially Microsoft. There were the times when I had so much money in some of these big tech companies, but got out with a small profit, like when amazon was in the high 200s after they dropped from their amazon fire phone failure (much like the bear take on Chipotle in this video after their food scandal). Had over a hundred shares, made like $1,000 profit, and tapped out in like two days. Sometimes my 20-year old self just pisses me off, haha. Planning on staying in the market long term and not thinking too much about timing. Rental properties produce great cashflow, but are stressful for many reasons. With the rates going sky high, a good deal is hard to find. Stocks have their own stresses of ownership to be sure, but there is something comforting knowing there are thousands of professionals at Microsoft on my side to make the company succeed.
The difference between Bill Ackman's investing and our own is he can affect the company's future because he's going to get involved in the turnaround if he sees fit. We just invest and hope.
It's funny how so many people only call it a "mistake" when something goes down, but never when an otherwise dumb investment goes up. Is betting on a pair of 3s when you're up against a straight a mistake? Yes. But if you miraculously land four-of-a-kind 3s with the remaining cards, you win. No one calls it a mistake when you make money. 💸
Solid video. It's the best perspective to have. I've literally seen people talking about automatically liquidating an entire position no matter what if it goes down more than 10% and I just cringe. So short-sighted. Always trying to chase lottery tickets and not actually find great companies with great fundamentals.
When to sell is also important? I missed few stocks to sell which was up around 10 times and now it is under the water. My new rule is sell, if it grows far beyond the value in a short term
@@renaissanceman5847 you're talking about different criteria. Sunday suggests selling when a stock suddenly becomes valued far above it's intrinsic value. The likely peak (but it isn't always). You're talking about selling at a loss if the dividend doesn't cover the loss.
Exactly... why not sell it when it is overvalued. That's what I experienced as well... I thought of long-term investing. gave away a portfolio which tripled to go negative.
@@FuzzyAason If your portfolio tripled and then went negative you are clearly not buying high quality businesses and reasonable prices. You shouldn't long term invest if the companies your invested in are not great companies but average ones that you can squeeze some money out of in the long run.
@@anthony8969 it certainly has been a volatile ride. But I bought them on the consideration of growing business deals and continual expansion. It did dawn upon me that the price grew too fast for the sales growth to justify though.
Currently at $92 on SBUX. Was at $106 but I've been averaging down. I expect it to go down even more with all the news happening in China. I'll likely continue to buy it and hopefully reap the rewards for the next couple decades.
I came in at 110 also. My avg is now 89. I'm buying as it continues to go down. The dividends I admit helps lol I just look at my income as I buy more shares and see it go up but I'm cool with sitting and waiting with SBUX. Was doing the same with TGT. I'm now doing this with SBUX and WFC.
Thank you, was very interesting point of view about Chipotle. I would suggest to you, to see few interviews/lectures from Lauren Tempelton, if you haven't already, really talking about same question, "when to buy a stock"
Great content!!,thanks!! loved the BA discussion. Don’t listen to the FUDERS. SBUX will rise again long term. I’ve bought like there is no tomorrow, I’m also down and I don’t care. Long term vision is the key, and while you wait you are rewarded by getting nice dividends from a top high quality company. Cheers.
I think the example of oil companies that Joseph gives is also very accurate and SBUX has a better long term view than Oil does in my opinion, looking at market trends
I don't agree with some of your views, with others I do. But anyways, I like your content and thank you for putting up the videos and not disappearing during these non-favourable times.
I'm looking at adding to my MSFT position and opening a position in SBUX at these prices. Just hope can save enough money to open a meaningful size positions.
One interesting thing to note about Starbucks, investors are discounting unionization fears, rightfully so, but it could be a huge W for their reputation which is also good for investors long term
I love how this whole episode was a big ole middle fingers to the haters (admittedly myself included, I sold out of starbucks with the discontinuation of the buyback program.)
The best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference
I think when to buy is the easier side for me, it’s when to sell that I am still trying to understand and learn more about. I hope you share next the selling side of things. Thank you!
That the trick isn't it. Basically if you feel good about company then you stick and if you feel bad you ditch. Then just get lucky. That's it, that's the whole thing.
I really liked questions Josh asked? He addressed very legitimate questions that most people at that time were concerned about. Really good discussion between two of them.
Always a fan of having time in the market and never trying to time it, however, as of late with these market conditions and news on the day to day... I am prudently dollar cost averaging into a select few of my core positions, whether financial investments or REITs... Indexes will do too at this point for me..
you have quickly become one of my fav content creators here. quality content and some weathered advice that for me a young guy can take into account. for that i thank you good sir
Fantastic video. I don't think there is an investment channel I look forward to watching the content of as much as this one. Always a compellingly case made. Good job Joseph.
Time will tell. To be clear, I expect a very difficult short-term road for starbucks. China just closed the tesla factory and they're doing crazy lockdowns still. So over the short term I see serious bad sales comps in china. But give it 2-3 years and I think we will see a company that people largely want to own again.
Thanks you very much Joseph for teaching me some financial history, it was really fun and interesting, you should make a playlist with this kind of content, I would gladly watch it when I feel like “losing my way” trough the investing journey.
Something you may be failing to realize is the sort of position Starbucks has put itself in. The growth of Starbucks' stores is NOT always profitable. As a former employee we constantly had to close down tons of stores the company tried to open within 2-3 years as they're not profitable and they're essentially using the shotgun method and only keeping the good ones. They're also very highly levered in an environment where interest rates are going to need to skyrocket to curb inflation which can kill their earnings quite quickly. Starbucks also is notorious for not owning any of their locations as opposed to mcdonalds which practically only owns their locations. The massive leasing expenses eat away at their margins and can make them much less competitive when they need to renew their debt obligations, as their corporate credit rating has recently dropped into the B ratings. Just some food for thought, they definitely can recover but there's not much more they can do to optimize their operations as in the case of Chipotle where they had lots of room to improve.
@@tzviru It really depends how much more they really can expand. They've already gotten themselves onto grocery store shelves to distribute products direct to consumer and providing their coffee beans through Costco's Kirkland brand for wholesale distribution. The only other things they can really do is slowly try to purchase the locations they're leasing to acquire assets and improve margin, open new stores more conservatively and further investing in coffee bean production. Point being is there's not much more they can do besides run their business better which will take a huge shift in the company's management.
There is ALWAYS a way to make money in this market! While the market has not been set to easy mode recently, there are still nft to flip, solid coins to stake, IDOs to ape into, trades to make, yields to farm. Never stop hustling for those gains!
Hey Joseph! hows it going man? - I've been buying SBUX & JPM Recently, great buys (Long Term). Lots of people think only short term vs long term. Ali Baba was kinda shaded, 1 being an a diff country, different regulation, CEO has stricter guild-lines.
I think the problem is that Joseph bought a large amount of SBUX at one time especially when it was trading at a higher multiple. Could have nibble into SBUX with smaller buy orders.
@@juliuscaesar5360 while it would of been best to buy in smaller chunk, that really only becomes a problem when you can't DCA into the position any longer to lower your cost basis. Joseph has (w2 income, yt income, patreons) so he has excess cash he is able to use to invest and lower his cost basis/loss down as the share price falls. I don't think he's done buying sbux, and price falling short term is like a flash sale at a store - better opportunity to buy now vs later at a price lower than you deemed acceptable to buy.
@@BrentInvesting At the end of the day, it’s the old Warren Buffett saying, “Price is what you pay, value is what you get.” Even if I had extra income like Joseph, I still would not have bought SBUX at those levels; I would start nibbling below $65.
@@BrentInvesting lol of course no one can predict the future. It’s called doing your own DD with quantitative (eg financial metrics, DCF) and qualitative aspects to come up with a fair value. I like to buy equites with a margin of safety so I can try to mitigate downside risk.
so interesting to look back at these interviews....probably at that time the majority would agree with the group. Same these days when you watch CNBC. It's easy to get caught up in short-term sentiment and just agree with the herd.
Hey Joe, Yes really enjoyed this segment, very enlightening to review this incident, much to reflect and learn, thanks for sharing. I wouldn't in anyway compare your considerations for baba to Starbucks, totally different opportunities for investment. I did challenge you before on Starbucks, not because it isn't a great company or brand name, more so the macro situation of high inflation reducing the spending power of the consumer for an indulgence experience and the tight labor market. Maybe I am wrong, but I consider that the Starbucks experience which is really nice will be one of the first cuts for many consumers with the rising food and gas prices. Look forward to your next segment for sure
I have the same opinion. With inflation consumers will go to Walmart instead of Starbucks. You have to make choices and $5 coffee might be the first thing to go.
Great video and great advice. Time is your friend. I always have just picked companies that I think are great companies. 80% of the time it’s been a mistake for me to sell before at least three years.
I use charting for my Entries into companies. Typically, I use a Daily or Weekly Chart Time Frame with a 600Exponential Moving Average. Looking for Bounces off the top of the 600 EMA or a Break through above the 600EMA. It actually works quite well for Swing Trading as well. Some Companies can be more Choppy like INTC on the Daily, so I then Switch to Weekly Time Frame. Also just use basic trends for high and low Ranges during Consolidation Periods and buy at the low of the consolidation periods or the break outs going up. This can be used for Longer Term swing Trades going long or short on a company and can just give you a nice Entry point for yearly holds. Even if you do buy and the stock just dips quite a bit afterwards, just keep dollar cost averaging into it once it drops more. Have patience in overall moves and do not pay too close attention to price action daily because that will just affect you emotionally and cause you to overthink your original decision. You can also set a stop loss on your big positions during your initial Entries and adjust accordingly based on the stock price over time. Hope this all helps you. /G\
Stay calm, buy good companies and dollar cost average down when you can. This is a marathon not a race for long term investors. Personally I don’t have time to look at the daily price changes.
Hope you're all having a great week -
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Great story, I hold Starbucks and baba too. Agree next 3-4 years will recover.
I don't think people appreciate how difficult and time consuming it is to create a video like this. Nice work.
Honestly, one of the best channels out there on general investing, from the transparency of the portfolio to the depth of data and collections of charts, and he makes it all easy to understand by always taking it back to first principles. Big props to Joseph for putting this together on a regular basis.
If you haven't listened to his three part deep dive into Amazon on Joseph Carlson After Hours I highly recommend it!
I’ve tried to copy his layout. It’s more than time consuming. Investing is hard. Making these videos is harder.
I love Joseph Carlson, and his videos. Great investor and great content creator
Joseph Carlson is mega based. Great content!
The best long term stock analysts in RUclips. Thank you Joseph.
He isnt an analyst. He is a random guy with loads of money. If you have loads of money you can buy alot more stocks. And earn alot more. Doesnt mean anything.
@@WheresWaldo05 what a stupid comment
Excellent coverage of Ackman's Chipotle journey. Case studies like this are very educational so thank you for taking the time to share it with us.
Yeah this analysis was on point
Super quality video, maybe my favorite you have done. Great going through the Ackman clip, shows the point so well.
Man , your videos are getting better and better. ❤️👍
Kudos Joseph for putting together this video. It really helps highlight why listening to the financial news noise is a major distraction. Focus on buy into great companies early and on dips...Then hold on. 🤑
Thanks for listening to and addressing your viewers. 👏
Great video Joseph! Ignore the haters, you are going to do very well over time and I agree with your strategy 100%
Why do you always use BABA as an example of a failed investment? You invested less than a year ago, and the whole point is to wait for at least 5 years, assuming the investment thesis has not changed, which it hasn't.
The OP @1:26 made the BABA comparison....
@@NiceGuyEddy00 Yeah, but he responds to it as if he agrees.
@@plowerrr3 I don't think I heard him say it was a failed investment, did he? He said that he "was it the same mistake" which in hind sight, buying BABA at the price was in fact a mistake. Obviously it happens to everyone because we don't have a crystal ball, but I think he was just acknowledging it as a mistake (unless there is a part I didn't catch, feel free to let me know).
@@NiceGuyEddy00 By that measure, Starbucks can be the same “mistake,” in terms of buying in at the wrong price. So Alibaba should be no more a mistake than Starbucks, in theory. It’s not a mistake to buy at the wrong price as long as the fundamental analysis is sound, which is the point being made in this video.
Also, if one were to actually buy into a company “at the wrong price,” that would be considered a failed investment, because that means you paid too much for it.
@@plowerrr3 Not a failed investment. Its a "failed investment" if the stock goes out of business or you misread the fundamentals. A mistake or buying at a wrong price is far from a failed investment.
I doubled down on Starbucks today at a great price for a fantastic company. I work at one of the biggest hospitals in the world , there is 1 Starbucks there and the line is so long you can't even get in. The Starbucks by my house the line is constantly so long you will wait for awhile, guess what? People wait because they want it that much! Outstanding video sir 👏 one of the best points and presentations you have made.
Yea I went on vacation a few months ago and a hotel had a Starbucks built in. People (including myself)were skipping the free hotel breakfast to get their Starbucks and the line was long. The brand loyalty is there, people love their Starbucks. Im adding to my position
@@renaissanceman5847 keep it moving 👇
Another great video! Starbucks is undervalued under $100 even with reduced earnings. I was buyer before the fall and I'm a buyer after!
Wow Joseph, this is one of your best videos! Love the content!
I like your thoughts and channel very much Josh.
About Starbucks. I like your thesis. I have a other opinion about the company. For me it doesn’t fit in my portfolio because I don’t like the products. Then it’s just what Buffet says … think about it long term fin/psych as a farm. If I don’t like the products… I am not able to hold it long term because psych doubt will appear.
I also think that Starbucks has a lot of new competition from JDE, Mc Donnalds café, Dunkan Donuts, local coffee counters, etc. And in Europe… it doens’t have a good reputation for it’s coffee. It’s more like a icecream shop over here. It can’t compete with european coffee customs like the Italian coffee culture wich is far more tasty and has a better reputation.
So what I mean is.. not looking financial fundamental… I look for a reason to be able to hold the company long term psych. But I see the value… but not the ‘good feel’ for a long term.
Hope my thoughts contribute to the discussion. It makes us all better! (I hope).
Thank you for all your knowledge you share.
This was a really good video. Im definitely looking at BAC, INTEL, & QCOMM now.
Love this video. So well done 👍🏼 should watch this one on an annual basis to remind ourselves
As always I appreciate your high quality content and the fact your stick to your guns.
Joseph have you ever considered selling covered calls on some of your shares? Is this something you would do in the future?
He can't. M1 finance is inferior to other brokerages in that they do not offer normal trading mechanics, like options.
@@Coda1850 Options aren't 'normal trading mechanic' - it's derivative which by definition is not 'normal trading technic'
@@NoxyYT 🤣
Very good analysis. Keep up the good work!
This was a great video man. Love the insights!
Another great video. Love the analysis and ideas.
Starbucks is a good buy. Especially now! I like that Howard is back, even if his focus is on "baristas". He knows how to run and grow this business
i went back from options trading to long term investing. I am so done losing money and I support your objective in your videos
Great video. Love the insight on investors.
great content. greetings from Brazil.
I have a pretty big position in $ARKK and I know you are no fan of Cathie but I still appreciate your work and your videos! Keep it up!
Love your videos man. I'm mainly a real estate investor with a small portfolio of rental properties, but I'm getting back into the stock market after being burned at different times in the past. Just planning on sticking to big tech, especially Microsoft. There were the times when I had so much money in some of these big tech companies, but got out with a small profit, like when amazon was in the high 200s after they dropped from their amazon fire phone failure (much like the bear take on Chipotle in this video after their food scandal). Had over a hundred shares, made like $1,000 profit, and tapped out in like two days. Sometimes my 20-year old self just pisses me off, haha.
Planning on staying in the market long term and not thinking too much about timing. Rental properties produce great cashflow, but are stressful for many reasons. With the rates going sky high, a good deal is hard to find. Stocks have their own stresses of ownership to be sure, but there is something comforting knowing there are thousands of professionals at Microsoft on my side to make the company succeed.
This was one of the very best videos on investing on RUclips. I am always pleased with the content you are putting out here.
You are genius sir. It now makes sense how you have earned your beautiful portfolio!
I really enjoyed that video. Great work.
The difference between Bill Ackman's investing and our own is he can affect the company's future because he's going to get involved in the turnaround if he sees fit. We just invest and hope.
I'm always impressed with your presentations. Great work Joseph. Started a position into GOOGL and AMZN today.
Thanks for the video! I keep buying SBUX and it is now the second big position in my portfolio.
It's funny how so many people only call it a "mistake" when something goes down, but never when an otherwise dumb investment goes up.
Is betting on a pair of 3s when you're up against a straight a mistake? Yes. But if you miraculously land four-of-a-kind 3s with the remaining cards, you win. No one calls it a mistake when you make money. 💸
Thoughts on selling positions and adding to long convictions. How do you balance that strategy w/ how much cash you have on the side?
Solid video. It's the best perspective to have. I've literally seen people talking about automatically liquidating an entire position no matter what if it goes down more than 10% and I just cringe. So short-sighted. Always trying to chase lottery tickets and not actually find great companies with great fundamentals.
If you want great companies just buy dividend paying companies, good ones otherwise is just gamblers falacy
great points in this video! 🙌
Great content as always, thank you for your work, Joseph, have a great day!
When to sell is also important? I missed few stocks to sell which was up around 10 times and now it is under the water. My new rule is sell, if it grows far beyond the value in a short term
@@renaissanceman5847 you're talking about different criteria. Sunday suggests selling when a stock suddenly becomes valued far above it's intrinsic value. The likely peak (but it isn't always). You're talking about selling at a loss if the dividend doesn't cover the loss.
Exactly... why not sell it when it is overvalued. That's what I experienced as well... I thought of long-term investing. gave away a portfolio which tripled to go negative.
@@FuzzyAason If your portfolio tripled and then went negative you are clearly not buying high quality businesses and reasonable prices. You shouldn't long term invest if the companies your invested in are not great companies but average ones that you can squeeze some money out of in the long run.
@@anthony8969 it certainly has been a volatile ride. But I bought them on the consideration of growing business deals and continual expansion. It did dawn upon me that the price grew too fast for the sales growth to justify though.
Currently at $92 on SBUX. Was at $106 but I've been averaging down. I expect it to go down even more with all the news happening in China. I'll likely continue to buy it and hopefully reap the rewards for the next couple decades.
I came in at 110 also. My avg is now 89. I'm buying as it continues to go down. The dividends I admit helps lol I just look at my income as I buy more shares and see it go up but I'm cool with sitting and waiting with SBUX. Was doing the same with TGT. I'm now doing this with SBUX and WFC.
The fair value of sbux is around 65 per share. You are over paying greatly. The time to buy it was in March of 2020.
@@WheresWaldo05 Alright so I'll cost avg downward. The time to buy many stocks would have been March 2020. That was when the slight crash occurred.
@@Winston0Boogie were all those stocks all as overvalued as
Starbucks was?
@@WheresWaldo05 some were
Thank you, was very interesting point of view about Chipotle.
I would suggest to you, to see few interviews/lectures from Lauren Tempelton, if you haven't already, really talking about same question, "when to buy a stock"
Wow this was a really interesting video. Thank you for this
What a great video. Thank you!
7 months after you made this video you were right: starbucks stock was about 73.39 per share and now its above 100
Great case study 👌
So why did you lump sum bought into SBUX, instead of Dollar Cost Averaging?
Great content!!,thanks!! loved the BA discussion. Don’t listen to the FUDERS. SBUX will rise again long term. I’ve bought like there is no tomorrow, I’m also down and I don’t care. Long term vision is the key, and while you wait you are rewarded by getting nice dividends from a top high quality company. Cheers.
I think the example of oil companies that Joseph gives is also very accurate and SBUX has a better long term view than Oil does in my opinion, looking at market trends
I don't agree with some of your views, with others I do. But anyways, I like your content and thank you for putting up the videos and not disappearing during these non-favourable times.
After you enter a position, assuming that it's at a good price, when do you stop buying?
I'm looking at adding to my MSFT position and opening a position in SBUX at these prices. Just hope can save enough money to open a meaningful size positions.
Bringing up Chipotle was spot on. Nothing is more scary than food poisoning so Unionization doesn't scare me at all.
One interesting thing to note about Starbucks, investors are discounting unionization fears, rightfully so, but it could be a huge W for their reputation which is also good for investors long term
Its usually a detriment but who knows with the rise of esg
I agree 😃
Good job and very good explanation.
definitely one of your best videos so far.
I love how this whole episode was a big ole middle fingers to the haters (admittedly myself included, I sold out of starbucks with the discontinuation of the buyback program.)
The best investment one can do right now is investing on Forex trading though stocks are good but ever since I swapped to Forex, I've seen so much difference
I have been making a lot profit through forex trading which has been the main source of my income
Actually an expert broker handles my forex investments while I invest in some real estate with the profit I make
John Hook is my broker, he's an expert when it comes to trading forex.
He made over $12k with my $2k start up capital
He's available on G mail
Thanks Joe for the great example. Any chance we talk about SPG? I am optimistic on its potential.
I’m addicted to checking my portfolio everyday 🙈
I think when to buy is the easier side for me, it’s when to sell that I am still trying to understand and learn more about. I hope you share next the selling side of things. Thank you!
That the trick isn't it. Basically if you feel good about company then you stick and if you feel bad you ditch. Then just get lucky. That's it, that's the whole thing.
@@dogelife7901 seems easy until it’s my own stock and I start over thinking things.
Damn....that was a motivating video.
Legendary video.
Reminds me of 2018 when bitcoin was 6k and everyone hated it
I literally moved from North Dakota to my current city because it has a chipotle. And yes, I own it. Chipotle ❤️
I really liked questions Josh asked? He addressed very legitimate questions that most people at that time were concerned about. Really good discussion between two of them.
Always a fan of having time in the market and never trying to time it, however, as of late with these market conditions and news on the day to day... I am prudently dollar cost averaging into a select few of my core positions, whether financial investments or REITs... Indexes will do too at this point for me..
Would you like to talk us more about TROW? It's on my watchlist. Is there any reason not to buy at this price? Thanks for your work!
Thank you for the video, great advice!
you have quickly become one of my fav content creators here. quality content and some weathered advice that for me a young guy can take into account. for that i thank you good sir
Great video man. Keep up the good work
Great advice thanks 🙏🏿 bro
This is the kinda shit that gets me fired up. My respect for Ackman after this 📈
Fantastic video. I don't think there is an investment channel I look forward to watching the content of as much as this one. Always a compellingly case made. Good job Joseph.
I wish ackman would have said “you will see” before leaving the show. These analysts are so short term focused and doubting one of the greats
Great video. Only time will tell and I think it's better to buy SBUX when there's fear and at a discount rather than chasing it at the highs.
SBUX is here to stay no reason to not buy
Time will tell. To be clear, I expect a very difficult short-term road for starbucks. China just closed the tesla factory and they're doing crazy lockdowns still. So over the short term I see serious bad sales comps in china. But give it 2-3 years and I think we will see a company that people largely want to own again.
Thanks you very much Joseph for teaching me some financial history, it was really fun and interesting, you should make a playlist with this kind of content, I would gladly watch it when I feel like “losing my way” trough the investing journey.
The best time to buy is when the stock is trading below its intrinsic value. Right now startbucks is still overvalued
Our return is most largely influenced over the price we pay. Core principle of financial theory and logic!
Something you may be failing to realize is the sort of position Starbucks has put itself in. The growth of Starbucks' stores is NOT always profitable. As a former employee we constantly had to close down tons of stores the company tried to open within 2-3 years as they're not profitable and they're essentially using the shotgun method and only keeping the good ones. They're also very highly levered in an environment where interest rates are going to need to skyrocket to curb inflation which can kill their earnings quite quickly. Starbucks also is notorious for not owning any of their locations as opposed to mcdonalds which practically only owns their locations. The massive leasing expenses eat away at their margins and can make them much less competitive when they need to renew their debt obligations, as their corporate credit rating has recently dropped into the B ratings. Just some food for thought, they definitely can recover but there's not much more they can do to optimize their operations as in the case of Chipotle where they had lots of room to improve.
if they're staying in the coffeeshop business then true, but if they can expand their brand into more products/services then it's a different story
@@tzviru It really depends how much more they really can expand. They've already gotten themselves onto grocery store shelves to distribute products direct to consumer and providing their coffee beans through Costco's Kirkland brand for wholesale distribution. The only other things they can really do is slowly try to purchase the locations they're leasing to acquire assets and improve margin, open new stores more conservatively and further investing in coffee bean production. Point being is there's not much more they can do besides run their business better which will take a huge shift in the company's management.
@♜ Pìnned. by Joseph Carlson Nice fake account.
Who am I? That’s the ultimate question 🙋♂️😆😆😆
Great video, thank you!
I'm actually eating Chipotle right now. Good timing.
Rip to your bathroom☠️⚰️
I was gonna buy 2 large pizzas from dominos today. When they told me $43 was the total I went straight to Costco and got a pizza there for $10
Good stuff 👏🏽 👍
I only buy when I'm not buying
Phenomenal video!
I like your thinking holding long term is slow but guarantee profit for now
Sick video, as always...
There is ALWAYS a way to make money in this market! While the market has not been set to easy mode recently, there are still nft to flip, solid coins to stake, IDOs to ape into, trades to make, yields to farm. Never stop hustling for those gains!
Hey Joseph! hows it going man? - I've been buying SBUX & JPM Recently, great buys (Long Term). Lots of people think only short term vs long term.
Ali Baba was kinda shaded, 1 being an a diff country, different regulation, CEO has stricter guild-lines.
I think the problem is that Joseph bought a large amount of SBUX at one time especially when it was trading at a higher multiple. Could have nibble into SBUX with smaller buy orders.
@@juliuscaesar5360 while it would of been best to buy in smaller chunk, that really only becomes a problem when you can't DCA into the position any longer to lower your cost basis.
Joseph has (w2 income, yt income, patreons) so he has excess cash he is able to use to invest and lower his cost basis/loss down as the share price falls.
I don't think he's done buying sbux, and price falling short term is like a flash sale at a store - better opportunity to buy now vs later at a price lower than you deemed acceptable to buy.
@@BrentInvesting At the end of the day, it’s the old Warren Buffett saying, “Price is what you pay, value is what you get.” Even if I had extra income like Joseph, I still would not have bought SBUX at those levels; I would start nibbling below $65.
@@juliuscaesar5360 no one can predict the future, all we can do is go based off today.
Guess we will see where it’s at in 5 years.
@@BrentInvesting lol of course no one can predict the future. It’s called doing your own DD with quantitative (eg financial metrics, DCF) and qualitative aspects to come up with a fair value. I like to buy equites with a margin of safety so I can try to mitigate downside risk.
so interesting to look back at these interviews....probably at that time the majority would agree with the group. Same these days when you watch CNBC. It's easy to get caught up in short-term sentiment and just agree with the herd.
It’s hard to show your wins and losses, commend you on that. No one can time a bottom, just buy good businesses at reasonable prices.
Would you say that Netflix is in a similar situation right now?
Hey Joe, Yes really enjoyed this segment, very enlightening to review this incident, much to reflect and learn, thanks for sharing.
I wouldn't in anyway compare your considerations for baba to Starbucks, totally different opportunities for investment. I did challenge you before on Starbucks, not because it isn't a great company or brand name, more so the macro situation of high inflation reducing the spending power of the consumer for an indulgence experience and the tight labor market. Maybe I am wrong, but I consider that the Starbucks experience which is really nice will be one of the first cuts for many consumers with the rising food and gas prices.
Look forward to your next segment for sure
He argued the point but coffee is too damn easy to make at home! It WILL get cut.
I have the same opinion. With inflation consumers will go to Walmart instead of Starbucks. You have to make choices and $5 coffee might be the first thing to go.
Good video. Always good seeing Josh Brown and Steve Weiss with egg on their faces.
Amazing 👏
It’s easy to say this / pay 30x 40x earnings when CMG grew earnings at a 40% CAGR from the bottom
Buying is easy. Selling is hard. You could cover selling instead ;)
What a fantastic video.
Last time I was this early, I haven’t seen my girlfriend for a month.
was it worth it tho? O_o...
Great video and great advice. Time is your friend. I always have just picked companies that I think are great companies. 80% of the time it’s been a mistake for me to sell before at least three years.
I use charting for my Entries into companies. Typically, I use a Daily or Weekly Chart Time Frame with a 600Exponential Moving Average. Looking for Bounces off the top of the 600 EMA or a Break through above the 600EMA. It actually works quite well for Swing Trading as well. Some Companies can be more Choppy like INTC on the Daily, so I then Switch to Weekly Time Frame. Also just use basic trends for high and low Ranges during Consolidation Periods and buy at the low of the consolidation periods or the break outs going up. This can be used for Longer Term swing Trades going long or short on a company and can just give you a nice Entry point for yearly holds. Even if you do buy and the stock just dips quite a bit afterwards, just keep dollar cost averaging into it once it drops more. Have patience in overall moves and do not pay too close attention to price action daily because that will just affect you emotionally and cause you to overthink your original decision. You can also set a stop loss on your big positions during your initial Entries and adjust accordingly based on the stock price over time. Hope this all helps you. /G\
Stay calm, buy good companies and dollar cost average down when you can. This is a marathon not a race for long term investors.
Personally I don’t have time to look at the daily price changes.