The John Johnston Lounge

Here's a look at the portfolio updates of four guru or superinvestors from Q2 2023. The investors include Mohnish Pabrai, Chuck Akre, Seth Klarman, and Thomas Gayner. See timestamps below for investor sections.Timestamps:00:00 Guru portfolios Q2 2023 Intro00:26 Mohnish Pabrai - Pabrai Investments03:04 Alpha Metallurgical Resources (ticker: AMR)07:00 Consol Energy Inc (stock ticker: CEIX)08:25 Brookfield Corp (stock ticker: BN)09:52 Micron Technology (stock ticker: MU)10:58 Chuck Akre - Akre Capital Management14:56 Thomas Gayner - Markel Asset Management20:11 Seth Klarman - Baupost GroupRelated episodes:Crucial Reason Mohnish Pabrai is Buying Micron: OLIGOPOLY! | MU Stock https://youtu.be/moqHjmcItFgEverything Mohnish Pabrai Said About Investor Li Luhttps://youtu.be/rqz0_soraHIChuck Akre Said This About How to Find 100 Baggershttps://youtu.be/xoKe1AvquTIInvestor Seth Klarman on the Everything Bubblehttps://youtu.be/C4rs2M_lOKwGuru Portfolios: Buffett, Pabrai, Li Lu, Akre, Ackman, Tepper, Gaynerhttps://youtu.be/PfnuMxrVAhcI use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (referral link): http://tikr.com/theartofvalueUsing a referral link helps support the show, thanks!The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision Hosted on Acast. See acast.com/privacy for more information.

Warren Buffett, founder and CEO of Berkshire Hathaway and arguably the greatest investor of all time, has some simple rules for successful investing. I look at seven of Buffett's top rules that could help us improve our investing returns over time.Timestamps:00:00 Warren Buffett's simple investing rules - Intro00:14 First investing rule02:35 Second investing rule03:35 Third investing rule05:08 Fourth investing rule06:35 Fifth investing rule08:20 Sixth investing rule10:07 Seventh investing rule12:30 Final thoughts on Buffett's investing rulesRelated content:Warren Buffett & Charie Munger: Best Investing Opportunitieshttps://youtu.be/URCZdkj3GqQBerkshire AGM 2023 Highlights: Warren Buffett on Elon, EVs, Applehttps://youtu.be/V6SGsxYN7twThe main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664Using a referral link helps support the show, thanks!I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (referral link): http://tikr.com/theartofvalueDisclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. Hosted on Acast. See acast.com/privacy for more information.

Thomas Phelps, author of the classic stock investing book '100 to 1 in the Stock Market', reveals what it takes to find and hold stocks that can deliver 100x returns. Topics discussed include buying right, holding on, attributes to look for in stocks, the importance of long-term holding, and the relationship between stock returns and business growth.

JJ discusses the latest Memo from legendary value investor Howard Marks, Taking the Temperature, in which Marks explains his strategy of taking the temperature of the stock market at any given time. Marks has made only 5 stock market calls since 2000, and got them right. He thinks we can do it too.Timestamps:00:00 Howard Marks, Taking the Temperature intro01:15 Jan 2000 : Calling the Dotcom Bubble bust03:40 2004-2007: A slow developing train wreck05:26 2008: Subprime and the Global Financial Crisis06:45 Late 2008: Putting money to work in a cold market08:09 2012: The death of equities? Déjà vu all over again11:09 March 2020: Market panic and fear - a time to buy13:11 How we can make correct market calls15:27 Stock market pattern recognitionRelated content:Howard Marks Says Historic Stock Market Sea Change Has Begunhttps://open.spotify.com/episode/0P39cFztbVFU369YbFjNCK?si=bdc9c45581e44c63Investing books featured in the episode:Mastering The Market Cycle: Getting the Odds on Your Side by Howard Marks (referral link)https://amzn.to/3qdVK6gDevil Take the Hindmost: A History of Financial Speculation by Edward Chancellor (referral link) https://amzn.to/3Ykgw0CUsing a referral link helps support the pod, thanks!The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (referral link): http://tikr.com/theartofvalueDisclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. Hosted on Acast. See acast.com/privacy for more information.

I summarize and discuss what investor Mohnish Pabrai has said in recent Q&A interviews about his friend and colleague, legendary investor Li Lu.Timestamps:00:00 Mohnish Pabrai on Li Lu Intro00:20 Why Charlie Munger gave Li Lu $80 million to invest00:55 How Li Lu became a great investor03:11 Looking for investing anomalies04:39 How Mohnish Pabrai got to know Li Lu05:17 An missed opportunity from Li Lu06:00 A captured opportunity from Li Lu: MoutaiRelated content:Investor Li Lu Buying MORE Google Stock | Why https://youtu.be/is9frHZaGYgMohnish Pabrai's Q&A session with the Finance Club of IIT Patna on May 10, 2023 https://youtu.be/Qgtb7LnvP6YThe Investing with Tom Podcast #38: Monsoon Pabrai on Meeting Buffett, China Tech, Moutai and more https://youtu.be/YF1CTPViYHoThe main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664Using a referral link helps support the pod, thanks!I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (referral link): http://tikr.com/theartofvalueDisclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. Hosted on Acast. See acast.com/privacy for more information.

I summarize and respond to what famous "Big Short" investor Steve Eisman is currently predicting for US the stock market. Eisman was recently interviewed by CNBC about the recent US stock market melt-up, and the current economic environment.Timestamps:00:00 "Big Short" investor Steven Eisman intro00:23 Most anticipated recession and the market melt-up01:32 Time to take profits or hold?02:24 Do higher rates matter?02:37 "Growth stocks" vs ""Value stocks"03:35 What happened to the banking crisis?04:58 The Magnificent Seven stocks and the AI Boom05:39 My final thoughtsRelated content:Stock Market Crash Over? Big Short Investor Eisman Predictshttps://youtu.be/f-U-ff8RP7MWhy Druckenmiller Owns Nvidia Despite "Nosebleed Territory”https://youtu.be/QP496jwcumkThe main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664Using a referral link helps support the pod, thanks!I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (referral link): http://tikr.com/theartofvalueDisclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. Hosted on Acast. See acast.com/privacy for more information.

In this episode I summarize and discuss a talk by investor and fund manager Mohnish Pabrai on US stock market bubbles since the 1920s. We look at the Motors Bubble, the Tronics Bubble, the Nifty-Fifty Bubble, and the Dotcom Bubble. I also discuss very recent market bubbles, including the EV bubble and emerging AI bubble.Timestamps:00:00 Mohnish Pabrai stock market bubbles Intro00:22 The Motors Bubble (1921) and the EV Bubble (2020-21)02:40 The Tronics Bubble (1959-62) and the emerging AI bubble (2023-?)04:23 The Dotcom Bubble (1997-2000)06:49 The Technology Innovation Hype Cycle07:32 ARK Innovation ETF (ARKK), EV sector, AI boom - 2020-2309:07 Stock market: new blood and short memories10:02 Rhyming with the Dotcom Bubble - 2020-2111:19 The Nifty-Fifty Bubble and bust (early 1970s)12:49 A shock to the systemRelated episodes:Mohnish Pabrai on Mistakes, AI Euphoria, Nvidia, Microsofthttps://youtu.be/zs7pdV3fSJcWhy Druckenmiller Owns Nvidia Despite "Nosebleed Territory”https://youtu.be/QP496jwcumkMohnish Pabrai's Presentation and Q&A at MDI, Gurgaon on December 22, 2015https://youtu.be/OFkApI6zZtYAs seen in this video, I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (refferal link): http://tikr.com/theartofvalueUsing a referral link helps support the pod, thanks!The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. Hosted on Acast. See acast.com/privacy for more information.

In this episode I discuss the young Canadian billionaire investor and entrepreneur Andrew Wilkinson. He's the co-founder of Tiny Ltd , which has been labelled a baby Berkshire Hathaway of Tech. It's a small-cap holding company comprising many previous company acquisitions, start-ups, and company investments.Timestamps:00:00 Andrew Wilkinson and Tiny Ltd intro00:23 A Berkshire Hathaway of Tech01:24 Buying like Buffett and Mark Leonard (Constellation Software)02:22 Focusing on the businesses not the share price03:14 Owning only wonderful businesses04:28 Bootstrapping experience makes for better investing05:43 Serial entrepreneurship since 20106:55 Discovering Warren Buffett and value investing07:58 Getting to know Bill Ackman, Howard Marks, Warren Buffet and Charlie Munger09:32 The 2023 Tiny and WeCommerce merger10:24 Doing quick Buffett-like deals11:11 Learning extreme delegation from Buffett12:23 The power of anti-goals12:47 Final thoughtsRelated episodes:Chuck Akre Said This About How to Find 100 Baggershttps://youtu.be/xoKe1AvquTIMohnish Pabrai Talks Constellation Software & Mark Leonardhttps://youtu.be/xPI773-AE-IAs seen in this video, I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (refferal link): http://tikr.com/theartofvalueUsing a referral link helps support the pod, thanks!The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664Disclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. Hosted on Acast. See acast.com/privacy for more information.

In this episode I summarize and discuss what legendary investor Steve Eisman, who was played by Steve Carell in the movie The Big Short, has been predicting for the end of the US stock market crash - after the market declined around 25% in 2022, and has been steadily rebounding since October 2022. I also respond to our value investing YouTuber friend Hamish Hodder's find that Eisman recently revealed his next big stock market sector bet.Timestamps:00:00 Intro01:18 Eisman predicts: If the Fed stops raising rates...05:05 The forward-looking stock market06:21 Lower inflation and a recession?08:44 Eisman's investments10:21 A sector of particular interestRelated episodes:Mohnish Pabrai on Mistakes, AI Euphoria, Nvidia, Microsofthttps://youtu.be/zs7pdV3fSJcWhy Druckenmiller Owns Nvidia Despite "Nosebleed Territory”https://youtu.be/QP496jwcumkStan Druckenmiller Still Predicts Hard Landing Recessionhttps://youtu.be/8Ue-etn4E74Hamish Hodder: Big Short Investor Predicts END of the Stock Market Crashhttps://youtu.be/Snto0ZK-dIAThe main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664Using a referral link helps support the pod, thanks!I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (refferal link): http://tikr.com/theartofvalueDisclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. Hosted on Acast. See acast.com/privacy for more information.

In this episode I summarize and discuss a recent interview with veteran value investor Jeremy Grantham, in which he explains how he thinks the deflation of a financial markets super-bubble is currently being prolonged by an emerging mini-bubble in artificial intelligence (AI).Timestamps:00:00 Jeremy Grantham Super-Bubble Intro00:45 Who is Jeremy Grantham? 01:21 Grantham's prediction track record02:21 Super-Bubble stages, including the emerging AI mini-bubble05:45 Is this a big bear market rally?07:54 The AI hype cycle08:59 Prolonged Super-Bubble deflation10:08 Time to take AI stock profits?Related episodes:Jeremy Grantham Super Bubble: Euphoria to Panic to Recessionhttps://youtu.be/LZfe8M4kpJcMohnish Pabrai on Mistakes, AI Euphoria, Nvidia, Microsofthttps://youtu.be/zs7pdV3fSJcWhy Druckenmiller Owns Nvidia Despite "Nosebleed Territory”https://youtu.be/QP496jwcumkSeth Klarman: We've Had An Everything Bubblehttps://youtu.be/C4rs2M_lOKwThe main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664Using a referral link helps support the pod, thanks!I use TIKR Terminal to help analyze great businesses, follow top investors, and help monitor my portfolio (refferal link): http://tikr.com/theartofvalueDisclaimer: I am not a financial adviser. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision. Hosted on Acast. See acast.com/privacy for more information.