Value Thought Investment Podcast

On April 4, 2022, Elon Musk bought over $3 billion in Twitter stock, making him the largest owner of Twitter at a 9.2% stake. But why would Elon Musk do this? Is he trying to diversify his investments? Is Musk a value investor or is he a growth investor? Or, is he participating in a special kind of investing called “Activist Investing”? Let's pull up the 13G filing and the Twitter Proxy Statement to try and understand this purchase.✔️ Download the

“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” Bruce Lee's quote has many similarities to Warren Buffett's investment mantra of becoming familiar with every stock investment option. Let's see exactly why the practice, discipline, and patience of Bruce Lee would have made him a fantastic value investor.✔️ Download the

Owning Apple stock for the past 20 years would have provided a 35% compounded annual return. But are they still a great stock to own or buy? We'll compare Apple between 2 periods: (1) 2002-2011 and (2) 2012-2021. We'll test if they are still a quality company, or if they have changed. I'll also walk through the different stages of the Business Lifecycle Apple has experienced through the last 20 years. And finally, we'll talk about the future of Apple and what we could maybe expect from holding their stock as an investor.

What does Value Investing and Star Wars have in common? Watch to learn the difference between Value and Growth investing, via a Star Wars analogy . We also match our favorite Star Wars Characters with their Investing Guru counterparts :)

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Passive InvestingExchange Traded FundsPassive Portfolio RulesDollar Cost AveragingPortfolio RebalancingPortfolio Allocations EPISODE RESOURCES:Visit the blog page of this podcast for more:https://valuethoughtinvesting.com/selling-all-my-etfs-in-november-of-2019-my-passive-investment-journey-part-1-of-3/  Joel Greenblatt Podcast Referenced:Value Investing with LegendsJoel Greenblatt - Investing Off the Beaten PathPublished Nov 15, 2019https://www8.gsb.columbia.edu/valueinvesting/resources/podcast  OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Visit the Value Thought WebsiteRead the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook GroupFREE STOCK ANALYSIS SPREADSHEETS & TOOLSDownload the Value Thought Stock Analysis ToolDownload the Value Thought Vertical Analysis and Flow of Funds Analysis ToolDownload the Value Thought Ratio and Fundamental Analysis ToolDownload the Value Thought Competitor Analysis ToolSUBSCRIBESubscribe to the Value Thought Investment PodcastSubscribe to the Value Thought YouTube Channel HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Economics of a BusinessBook End Reading Annual FilingsLong Term Industry TrendsEarnings Conference CallsKey Performance Indicators (KPI)Competitor AnalysisCharlie Munger's Mental Latticework Researching a Company and Industry EPISODE RESOURCES:FREE Competitor Analysis Tool for Understanding the Economics of a Business:https://valuethoughtinvesting.com/podcast-18-competitor-analysis-tool/?preview_id=3219&preview_nonce=84ebb535c8&preview=true Visit the blog page of this podcast for more:https://valuethoughtinvesting.com/9-tools-to-help-understand-the-economics-of-a-business-part-3-of-3/   OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Economics of a BusinessCash Conversion CycleDays Inventory Outstanding, Days Sales Outstanding, and Days Payables OutstandingInventory Turnover Ratio3-Step DuPont AnalysisROE, Profit Margin, Asset Turnover, and Financial LeverageShort Seller Tips and TricksGrowth Comparison AnalysisCapEx vs. DepreciationAccounts Receivable vs. SalesInventory vs. COGS EPISODE RESOURCES:FREE Spreadsheet for Understanding the Economics of a Business:Ratio and Fundamental Analysis Tool https://valuethoughtinvesting.com/podcast-17-worksheet-ratio-and-fundamental-analysis-tool/ Visit the blog page of this podcast for more:https://valuethoughtinvesting.com/9-tools-to-help-understand-the-economics-of-a-business-part-2-of-3/ OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Economics of a BusinessUnderstanding a Business2 components to understanding a businessVertical AnalysisMargin AnalysisProfit Flow AnalysisDifference between Net Income and Cash FlowCompany reports and filings EPISODE RESOURCES:FREE Spreadsheet for Understanding the Economics of a Business:Vertical Analysis and Flow of Funds Analysis Toolhttps://valuethoughtinvesting.com/podcast-16-worksheet-vertical-analysis-and-flow-of-funds-analysis-tool/ Visit the blog page of this podcast for more:https://valuethoughtinvesting.com/9-tools-to-help-understand-the-economics-of-a-business-part-1-of-3/  OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Analyzing StocksGood Quality vs. Poor QualityTools for AnalysisFinancial Metrics for QualityROE and ROICSolvency and Debt PayoffLiquidityGrowth of Sales, Cash Flows, Earnings, and EquityTricks to quickly screen out companiesWhere to find Free ResourcesEPISODE RESOURCES:Visit the blog post for this episode: https://valuethoughtinvesting.com/how-to-analyze-3400-stocks-in-4-months/ Moody's Manual 1960: https://theoraclesclassroom.com/wp-content/uploads/2019/10/1960-National-Fire-Marine-Moodys-Manual.pdf ValueLine Dow 30 List: https://research.valueline.com/research#list=dow30&sec=list APPLE Value Line 1-Pager: https://research.valueline.com/api/report?documentID=2185-VL_20210924_VLIS_AAPL_172_01-3HBBC7C4PIQ22JT4TTVMLQ1D07&symbol=AAPLIBM Value Line 1-Pager: https://research.valueline.com/api/report?documentID=2185-VL_20210924_VLIS_IBM_1533_01-2J9OD05KJ8N1CJ4P55FORO2P4D&symbol=IBMGoldman Sachs Value Line 1-Pager: https://research.valueline.com/api/report?documentID=2185-VL_20211008_VLIS_GS_1282_01-1BTVEG9LTG4768TFPA6FBSMESSThe Travelers Companies Value Line 1-Pagers:https://research.valueline.com/api/report?documentID=2185-VL_20210903_VLIS_TRV_3600_01-7R04UFESDH692EHKJP471DN7C5 OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook GroupSUBSCRIBESubscribe to the Value Thought Investment PodcastHAVE A QUESTION?Send me an email at:contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/ DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content pr

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Portfolio AllocationRisk MitigationComponents of Investor RiskGuy Spier vs. Mohnish PabraiAllocation for each Canyon ZoneOverconfidence RiskCognitive BiasesExpanding your Canyon EPISODE RESOURCES:Read the article that inspired this podcast: Use Your Circle of Competence to Guide Your Portfolio Allocation Model OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Circle of CompetenceBuffett's purchase of ApplePhil Town's Canyon AnalogyCapital Allocation via Circle of CompetenceMitigating Risk with a Circle of Competence6 Zones of the Investment Canyon EPISODE RESOURCES:Read the article that inspired this podcast: In Praise of Phil Town's Canyon Analogy. Finding your Circle of Competence. OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:BRK Historic Share BuybacksWhen a company should buyback sharesAssessing if BRK was cheapValuation via Price-to-Book ValueValuation via EBT Yield to AAA Bond Yield MultiplierWhy BRK had made no previous buybacksIs the stock market overvalued?Hedging with GoldWhy Buffett won't pay dividendsThe future of Buybacks at BRK EPISODE RESOURCES:Read the article that inspired this podcast: Buffett has bought back nearly $42 billion in shares… and I think I know why. OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Efficient Market HypothesisUnique Investors vs. an Average InvestorAuction MarketBusiness Consultant's MarketAnalyst vs. Business OwnerBusiness OwnershipOwning a Piece of Paper (stock)Retail Arbitrage & Value InvestingValuing in one marketSelling in another market EPISODE RESOURCES:Read the article that inspired this podcast: Is Retail Arbitrage Value Investing? OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:10 Biggest Utility StocksCapital AllocationUtility Stocks and DividendsFree Cash Flow AnalysisCapEx-to-Sales Ratio AnalysisInternal vs. External Source of CapitalCompanies Stuck in a Dividend TrapReturn of Equity & Return on Invested CapitalInvesting in Utilities as a Cigar Butt (Old School Value) EPISODE RESOURCES:Read the article that inspired this podcast: The Trouble with Utilities: Why I Don't Invest in Utility Stocks OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Capital AllocationCore business feeding poor expansionsAmazon as a “spawning” businessFinancial alchemy 2 rules for success in acquisitionsPoor economics of early BerkshireTransformed economics of modern Berkshire  EPISODE RESOURCES:Read the letter: Link to Buffett's 1984 Letter to ShareholdersRead the article that inspired this podcast: Buffett's 1984 Letter (Part 8) OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Restricted vs Unrestricted EarningsDisbursement of Unrestricted FundsThe mythical bond exampleDownfall of the Dividend TrapBanking example of Return of CapitalDuality of CEO rationale The multi-divisional company exampleCEOs who follow the crowd EPISODE RESOURCES:Read the letter: Link to Buffett's 1984 Letter to ShareholdersRead the article that inspired this podcast: Buffett's 1984 Letter (Part 7) OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Diversification20 Punch Card InvestingTheory of Portfolio DiversificationDiminishing marginal risk reductionDiversification over timeRandom diversification VS Focused Diversification1984 macroeconomic conditionsBottom-up analysisAll terrain equities EPISODE RESOURCES:Read the letter: Link to Buffett's 1984 Letter to ShareholdersRead the article that inspired this podcast: Buffett's 1984 Letter (Part 6) OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Reevaluation of past lossesOne-time events vs. A deteriorating trendAnalyzing expenses and future effectsComparison ValuationBerkshire Hathaway's simple investing strategyBuffett's Yield Requirements on WPPSS BondsEBT yield hurdle ratesCreating a valuation formula from scratchReal life example with Google (Ticker GOOG) EPISODE RESOURCES:Read the letter: Link to Buffett's 1984 Letter to ShareholdersRead the article that inspired this podcast: Buffett's 1984 Letter (Part 5) OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Downside RiskAsymmetric ReturnsMohnish Pabrai's “Free Lottery Ticket”Calculating Weighted Probabilities Gambling vs. InvestingStock Market Data vs. Business DataLeaving your wife, husband, or partner exampleMarket noise and active investingMarket noise and passive investing EPISODE RESOURCES:Read the letter: Link to Buffett's 1984 Letter to ShareholdersRead the article that inspired this podcast: Buffett's 1984 Letter (Part 4) OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Business Economics of the Specialty Candy IndustrySee's CandiesInelastic demandExpense managementDurable Competitive Advantage examplesEconomies of scaleKey metric to measure: Cost-per-PoundCreating a profitability formulaBusiness Economics of the Newsprint IndustryThe Buffalo NewsUnions and InvestingRegional newspaper's competitive edgeKey metric to measure: News Hole Ratio EPISODE RESOURCES:Read the letter: Link to Buffett's 1984 Letter to ShareholdersRead the article that inspired this podcast: Buffett's 1984 Letter (Part 3) OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit he Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:Explanation of Greenmail RepurchasesGoodyear and Sir James Goldsmith greenmail repurchase exampleWhat makes Nebraska Furniture Mart so successfulRose Blumkin (Mrs. B)Economics of a Low-Cost-ProducerPrice MOATDurable Competitive Advantage examplesCharacteristics of successful managementNick Sleep and “Scale Economies Shared” EPISODE RESOURCES:Read the letter: Link to Buffett's 1984 Letter to ShareholdersRead the article that inspired this podcast: Buffett's 1984 Letter (Part 2)Book Recommendation: “Richer, Wiser, Happier” by William GreenThis is not an affiliate link.  It may be one day, but currently it is not. I just want to pass on the knowledge.  If this ever changes, I will update to ensure you know. OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit the Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook Group SUBSCRIBESubscribe to the Value Thought Investment Podcast HAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/  DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.   Thank you for listening, and remember to stay fundamentally thoughtful.

IN THIS EPISODE, INVESTMENT TOPICS COVERED INCLUDES:The evaluation of economic gainsReturn on Equity and Return on CapitalA useful proxy to Intrinsic Business ValueBusiness growth trends and time periods analyzedWhen managers should buy back sharesThe 3 qualities a company needs to make a buyback a good decisionExample of effects when management buys below intrinsic value, and when the buy above intrinsic valueThe issues with management trying to buy growth through acquisitionsReasoning to pay more for a business that is lodged in the hands of a manager with demonstrated pro-shareholder leanings  CEO incentives and their effect on Capital AllocationEPISODE RESOURCES:Read the letter: Link to Buffett's 1984 Letter to ShareholdersRead the article that inspired this podcast: Buffett's 1984 Letter (Part 1)OTHER RESOURCES FROM VALUE THOUGHT INVESTING:Download the FREE Value Thought Stock Analysis ToolVisit he Value Thought WebsiteSubscribe for the Value Thought Investment Newsletter Read the Value Thought Investment BlogVisit the Value Thought YouTube ChannelJoin the Value Thought community at the Value Thought Facebook GroupSUBSCRIBESubscribe to the Value Thought Investment PodcastHAVE A QUESTION?Send me an email at contact@valuethoughtinvesting.comOr visit the contact page at Value Thought: https://valuethoughtinvesting.com/contact/ DISCLAIMERPlease make sure to complete the following: Do your own research when investing, and then do some more.  The content provided here is intended to be used and must be used for entertainment and educational purposes only.  It is very important to do your own analysis before making any investment based on your own mental models and personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you gather from Value Thought Investing and wish to rely upon, whether for the purpose of making an investment decision or otherwise.  Thank you for listening, and remember to stay fundamentally thoughtful.