Nice spread. I’m glad you kept baba. It will be educational to see what happens when the spin-offs happen this next year. It would be interesting if you do separate coffee can portfolios that you don’t touch but just check once a year Cheers
what do you think about adding Seth Klarman, Howard Marks and Terry Smith, just to name a few of the greats :-) They have different mindsets or are clearly different types of investors, but I think they are all exceptional in their own style.
Hi Tom, do you think you could link the video when you added djco? Been looking at it for a while (since you posted your analysis and also some podcasts) wanna know when Guy opened his position and at what price range
What I gleaned from this is even superinvestors can't beat the S&P500. In fact the great man himself hasn't managed to beat the S&P500 in the past decade, due to the sheer size of his capital. Ben Graham said something like 'matching the index is easier than it seems, and beating it is harder than it seems'. The solution folks? Stick with a low cost index tracker.
You cannot beat anything by just buying companies somebody else buys. They have probably bought at a lower price than you and for genuine long term reasons.
I´ve stayed away from the AMR investment as I don´t understand it. It´s trading at a low trailing PE but coal prices had a major run up in 2022 and has since come down. Furthermore the stock is up a lot from the quarter Monish purchased it. Also wondering if this is more of a workout than a long term compounder, which would make it hard to clone. The Brookfield thesis seems largely unchanged and more like a long term compounder.
This shamless cloner stuff taught by Pabrai, now he is the one pull of from MU, Brookfield. Makes him not worth following him or worth making vedios of cloning
Monish Pabrai dropped the ball quite a few times in the past couple of years so I am not taking his advice very seriously anymore. Why do you still believe in him?
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How about cutting Monish out of the list and improve the future returns of the portfolio?
At what price did mohnish buy amr and Do you think this is for the long term?
I doubt it's for the long term. He usually only holds cyclical commodity companies for shorter time periods and when he thinks they are undervalued.
He will be in and out of AMR. He got it cheap and it won't pay to hold it long-term.
Long time follower of the channel here!
Nice spread. I’m glad you kept baba. It will be educational to see what happens when the spin-offs happen this next year.
It would be interesting if you do separate coffee can portfolios that you don’t touch but just check once a year
Cheers
what do you think about adding Seth Klarman, Howard Marks and Terry Smith, just to name a few of the greats :-) They have different mindsets or are clearly different types of investors, but I think they are all exceptional in their own style.
You didn't like $COF from Berkshire? Might consider adding Klarman and Akre to the mix
It was the other stock that was kind of in contention, but too small to certainly be Buffett. Mt Rushmore is built at this point! haha
@@InvestingwithTom I respect your steady hand 👏
Hi Tom, do you think you could link the video when you added djco? Been looking at it for a while (since you posted your analysis and also some podcasts) wanna know when Guy opened his position and at what price range
What I gleaned from this is even superinvestors can't beat the S&P500.
In fact the great man himself hasn't managed to beat the S&P500 in the past decade, due to the sheer size of his capital.
Ben Graham said something like 'matching the index is easier than it seems, and beating it is harder than it seems'.
The solution folks? Stick with a low cost index tracker.
Beating the S&P 500 is easy. Not for large scale institutional funds that have lots of turnover or for a 1 trillion dollar company.
I really enjoy the content on this channel. Does anyone know the thesis for EWBC? @Tom: Would love to hear your thoughts. Maybe in a separate video? 😊
You cannot beat anything by just buying companies somebody else buys. They have probably bought at a lower price than you and for genuine long term reasons.
Nice to see EWBC as it should be an easy one to hold on to as opposed to following Pabrai's shameless trader portfolio.
haha, nice one! :D
Good experiment. Hopefully over time that would tend to significantly outperform the index.
The main problem is, that the investors are only forced to publish the US investments.
@Invest_With_Tom why?
I knew you would put AMR in the portfolio. It is worth a look for sure. Very compelling
Love this series Tom!
Pabrai has already done very well on his coal stocks. Will be very interesting to see how long he holds onto those!
I´ve stayed away from the AMR investment as I don´t understand it. It´s trading at a low trailing PE but coal prices had a major run up in 2022 and has since come down. Furthermore the stock is up a lot from the quarter Monish purchased it. Also wondering if this is more of a workout than a long term compounder, which would make it hard to clone.
The Brookfield thesis seems largely unchanged and more like a long term compounder.
This shamless cloner stuff taught by Pabrai, now he is the one pull of from MU, Brookfield. Makes him not worth following him or worth making vedios of cloning
Monish Pabrai dropped the ball quite a few times in the past couple of years so I am not taking his advice very seriously anymore. Why do you still believe in him?
I love Pabrai (one of my top inspirational teachers), but I think it's difficult to clone him.
lol