Great ideas come out from this chat! I especially liked when David mentioned that people should make mistakes at the beginning of their investing careers. Investing is really complex and require a great deal of knowledge and experience and if someone thinks he is going to be rich in a couple of years he might get a delusion. Btw it would be great to have a RCS media causal valuation 😊
I've gone through the interview. :D Here's my feedback: - You have good interview skills, and your verbalization is great. I can understand you perfectly. - David's advice is very generalized with respect to the research process. It's understandable that he wants to keep his secret sauce intact, but it would've been helpful to have some more specifics... However, after that discussion around 32:40, I guess what he looks for has a lot of overlap with standard fundamental analysis. It's just that he's staying in a space where there aren't a lot of analysts, there's not much free float, it's run by insiders with skin in the game, the valuation is so low that "future growth" is free, it's not something that won't attract a lot of institutional money, etc. - Lots of valuable stuff here with regards to capital allocation and prudent risk-taking. Novices will benefit from that. My own capital allocation habits are very similar to his. - It's clear he's developed his own investment process that fits his space, and it's one that evades the need to make projections. There's nothing wrong with that, as there are really some categories where those kinds of things are just unnecessary. - "Read the filings and be curious" -- I agree, it is the most important thing! Thanks again for the video.
Pity that Mikro Kap David pronunciation is so bad. He could really benefit from a pronunciation course or app like Elsa. What is the investing book he recommend?
Great ideas come out from this chat! I especially liked when David mentioned that people should make mistakes at the beginning of their investing careers. Investing is really complex and require a great deal of knowledge and experience and if someone thinks he is going to be rich in a couple of years he might get a delusion.
Btw it would be great to have a RCS media causal valuation 😊
That is a great conclusion Luciano :) As for RCS Media, I have done a lot of research, and I'll make sure to share my thoughts in the coming weeks.
Very interesting!
From Twitter love ya stuff
Loved the reading resources!
Thank you!
My pleasure!
Comin' from r/valueinvesting. Just started watching your vid. Hoping to learn somethin'! Thanks for providing us this content!
Happy to have you here, I hope you find the conversations useful!
I've gone through the interview. :D Here's my feedback:
- You have good interview skills, and your verbalization is great. I can understand you perfectly.
- David's advice is very generalized with respect to the research process. It's understandable that he wants to keep his secret sauce intact, but it would've been helpful to have some more specifics... However, after that discussion around 32:40, I guess what he looks for has a lot of overlap with standard fundamental analysis. It's just that he's staying in a space where there aren't a lot of analysts, there's not much free float, it's run by insiders with skin in the game, the valuation is so low that "future growth" is free, it's not something that won't attract a lot of institutional money, etc.
- Lots of valuable stuff here with regards to capital allocation and prudent risk-taking. Novices will benefit from that. My own capital allocation habits are very similar to his.
- It's clear he's developed his own investment process that fits his space, and it's one that evades the need to make projections. There's nothing wrong with that, as there are really some categories where those kinds of things are just unnecessary.
- "Read the filings and be curious" -- I agree, it is the most important thing!
Thanks again for the video.
Pity that Mikro Kap David pronunciation is so bad. He could really benefit from a pronunciation course or app like Elsa. What is the investing book he recommend?
Hey there, you can find the resources that David recommended in the description of the video.