Podcast appearances and mentions of Benjamin Graham

American investor

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Benjamin Graham

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Best podcasts about Benjamin Graham

Latest podcast episodes about Benjamin Graham

Stocks for Beginners
Value Punks | Value investing - not as easy as Warren Buffett makes it seem.

Stocks for Beginners

Play Episode Listen Later Feb 1, 2023 35:09


Investment philosophy is always a work in progress. In this episode I was joined by substack authors Daye Deng and Balkar Sivia who have an article titled Memo: Value Investing Revisited - Rethinking volatility, conviction, and Mr. Market. Value investing is a philosophy learned from well-known investors like Warren Buffett and Benjamin Graham. There is a standard set of principles in value investing. These principles, such as "volatility is not a risk" and "conviction is key," are useful when applied correctly. However, there are always nuances and compromises in these principles that arise in practice. In this context, Daye & Balkar examined the five most common value investing principles and offer a practical perspective based on their own experiences.Find out more at the blog post: https://www.stocksforbeginners.net/blog/valuepunksHere are links to the substacks mentioned in the interview:1. https://valuepunks.substack.com/p/memo-value-punks-on-value-investing2. https://valuepunks.substack.com/p/international-investingPlease consider a small donation if you'd like to support my work educating and entertaining new investors in the stock market.Portfolio tracker Sharesight tracks your trades, shows your true performance, and saves you time and money at tax time. Get 4 months free at https://www.sharesight.com/stocksforbeginnersDisclosure: The links provided are affiliate links. I will be paid a commission if you use this link to make a purchase. You will also usually receive a discount by using these links/coupon codes. I only recommend products and services that I use and trust myself or where I have interviewed and/or met the founders and have assured myself that they're offering something of value. Stocks for Beginners is for information and educational purposes only. It isn't financial advice, and you shouldn't buy or sell any investments based on what you've heard here. Any opinion or commentary is the view of the speaker only not Stocks for Beginners. This podcast doesn't replace professional advice regarding your personal financial needs, circumstances or current situation. Hosted on Acast. See acast.com/privacy for more information.

Animal Spirits Podcast
Benjamin Graham Disciple (EP.294)

Animal Spirits Podcast

Play Episode Listen Later Feb 1, 2023 54:06


On today's show we discuss the stock and bond market rallies in 2023, why certain investors are so pessimistic all the time, housing market activity bottoming, the most hated economic expansion of all-time, context around tech layoffs, consumer spending is slowing, Michael's first resume and much more.   Find complete shownotes on our blogs...  Ben Carlson's A Wealth of Common Sense  Michael Batnick's The Irrelevant Investor  Like us on Facebook  And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation.      (Wealthcast Media, an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.) 

The 92 Report
44. Ben Balbale, Growth Investor & Operator

The 92 Report

Play Episode Listen Later Jan 16, 2023 48:19


Will Bachman and Ben Balbale discuss Balbale's journey since graduating from Harvard. Balbale talks about how he has applied technology to the world in various different guises. He also talks about how he worked during the summer to help pay for college. The speaker discusses their background in computer science and how it has helped them in their career. The Changing World of Computer Science They mention how the world of computer science has changed dramatically since they graduated college. They talk about how they started their career in management consulting and then went to business school. They mention how a third of their business school class moved to the Bay Area during the peak of the dot com bubble. Joe started out his career in sales, working for a software company in San Francisco. He then moved to New York to work for another software company. In 2005, he started looking at buying software companies that were trading below cash. This led to him joining a long-short equity fund in Boston. He then decided to go to business school. In the past 30 years, software has become increasingly prevalent in society. A Career in the Software Industry Ben Balbale reflects on his career in the software industry, and how it has changed over time. He discusses his decision to shut down his public software investment fund, and how he is now taking a pause to think about where he sees market opportunities and what he wants to do with the next 15,000 days of his working life. The Future of Investing In the first realization, Ben Balbale realized that he had effectively jumped over the next hurdle and that it was time for him to do something for himself. The second step was to realize that the software industry was not about the software itself, but rather about what you could do with that software. The speaker discusses the importance of computer science, especially in relation to software development. They mention the chat GPT algorithm and how it can be used for various purposes. The speaker then talks about how they have been thinking about markets where the concept of automation can be easily implemented.  Links: https://www.amazon.com/Noise-Human-Judgment-Daniel-Kahneman/dp/0316451401 https://www.amazon.ca/Masters-Scale-Surprising-Successful-Entrepreneurs/dp/0593239083 https://www.amazon.ca/One-Up-Wall-Street-Already/dp/0743200403 https://www.amazon.ca/Benjamin-Graham/e/B000APZXBQ/ref=dp_byline_cont_pop_book_1 https://www.amazon.ca/Philip-A-Fisher/e/B000AR9D8I/ref=dp_byline_cont_pop_ebooks_1 https://a16z.com/ Timestamps 4:23: How Ben's career history began. 9:49: The first step is realizing what is it that would be fun. 15:47: Gold standard resume box-checking. 20:44: What do you look at the world today? 24:52: Looking for a monster market with evangelical customer resonance. 32:54: How people are learning about investing. 37:58: The rise of ISIS and Islamic extremism. 41:34: Top books to read about investing.

investir.ch
Patience est mère de toutes les vertus mais c'est pas trop notre truc ! – 10 janvier 2023

investir.ch

Play Episode Listen Later Jan 10, 2023 9:59


Le légendaire investisseur Benjamin Graham dont Warren Buffet s'est largement inspiré avait déclaré que pour réussir son job d'investisseur, cela exigeait « la patience d’attendre des opportunités qui peuvent être espacées de plusieurs années ». Nous, aujourd'hui, en 2023, on a bien compris le concept. On a tout bien lu les explications de nos ancêtres et on … Continued

Americana Partners
Stay Invested - January 2023 Market Commentary

Americana Partners

Play Episode Listen Later Jan 9, 2023 26:39


Melissa Giles, Director of Portfolio Management with Americana Partners presents the Monthly Market Commentary as written by, David M Darst, Chief Investment Officer with Americana Partners.  Any charts/graphs referenced are available in print format and may be provided at your request. David is currently the Chief Investment Officer for Americana Partners. David served for 17 years as a Managing Director and Chief Investment Strategist of Morgan Stanley Wealth Management, with responsibility for Asset Allocation and Investment Strategy; was the founding President of the Morgan Stanley Investment Group; and was founding Chairman of the Morgan Stanley Wealth Management Asset Allocation Committee. After 2014, he served for several years as Senior Advisor to and a member of the Morgan Stanley Wealth Management Global Investment Committee. He joined Morgan Stanley in 1996 from Goldman Sachs, where he held Senior Management posts within the Equities Division and earlier, for six years as Resident Manager of their Private Bank in Zurich. David is the Author of twelve books: (i) The Complete Bond Book (McGraw-Hill); (ii) The Handbook of the Bond and Money Markets (McGraw-Hill); (iii) The Art of Asset Allocation, Second Edition (McGraw-Hill); (iv) Mastering the Art of Asset Allocation (McGraw-Hill); (v) Benjamin Graham on Investing (McGraw-Hill); (vi) The Little Book that Saves Your Assets (John Wiley & Sons), which was ranked on the bestseller lists of The New York Times and Business Week; (vii) Portfolio Investment Opportunities in China (John Wiley & Sons); and (x) Portfolio Investment Opportunities in Precious Metals (John Wiley & Sons). His works have been translated into Chinese, Japanese, Russian, German, Korean, Italian, Indonesian, Norwegian, Romanian, and Vietnamese. Seapoint Books published David's eleventh book in 2012 , Voyager 3, containing his creative writing, and in 2016, his twelfth book, Flim-Flam Flora, a children's book coauthored with his daughter. David appears as a frequent guest on CNBC, Bloomberg, FOX, PBS, and other television channels, and has contributed numerous articles to Barron's Euromoney, The Money Manager, Forbes.com, The Yale Economic Review, and other publications. He has broadcast and written extensively on asset allocation in the Morgan Stanley biweekly Investment Strategy and Asset Allocation Commentary and in the Firm's Wealth Management monthly publication, Asset Allocation and Investment Strategy Digest, the predecessors of which he launched in 1997. David attended Father Ryan High School in Nashville, Tennessee, graduated from Phillips Exeter Academy, was awarded a BA degree in Economics from Yale University, and earned his MBA from Harvard Business School. David serves on the Investment Committee of the Phi Beta Kappa Foundation and the Advisory Boards of the George Washington Institute for Religious Freedom and the Black Rock Arts Foundation. David has lectured extensively at Wharton, Columbia, INSEAD, and New York University Business Schools, and for nine years, David served as a visiting faculty member at Yale College, Yale School of Management, and Harvard Business School. In November 2011, David was inducted by Quinnipiac University in their Business Leaders Hall of Fame. David is a CFA Charterholder and a member of the New York Society of Security Analysts and the CFA Institute. Join Our Distribution List – For a full copy of our report. Americana Partners - https://www.americanapartners.com/contact/ Americana Partners Website - https://www.americanapartners.com/ Linked In - https://www.linkedin.com/company/americana-partners/ Spotify - https://open.spotify.com/show/3rX19ND89pwEob9efsFNNF iTunes - https://podcasts.apple.com/us/podcast/americana-partners/id1496186853 Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL2FtZXJpY2FuYXBhcnRuZXJzL2ZlZWQueG1s?sa=X&ved=0CAYQrrcFahcKEwj4gZrR_OnwAhUAAAAAHQAAAAAQAg   Disclosures Americana Partners, LLC is registered as an investment adviser with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Americana Partners' current written disclosure brochure filed with the SEC which discusses among other things, Americana Partners' business practices, services and fees, is available through the SEC's website at: www.adviserinfo.sec.gov. The tax and legal information contained in this newsletter is general in nature. It should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial, and other operational risks; and less stringent investor protection and disclosure standards in some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market. Investing involves certain risks, including possible loss of principal. You should understand and carefully consider a strategy's objectives, risks, fees, expenses and other information before investing. The views expressed in this commentary are subject to change and are not intended to be a recommendation or investment advice. Such views do not take into account the individual financial circumstances or objectives of any investor that receives them. The strategies described herein may not be suitable for all investors. There is no guarantee that the adviser will meet any of its investment objectives. All indices are unmanaged and are not available for direct investment. Indices do not incur costs including the payment of transaction costs, fees and other expenses. This information should not be considered a solicitation or an offer to provide any service in any jurisdiction where it would be unlawful to do so under the laws of that jurisdiction. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. The S&P 500® Index is a widely recognized, unmanaged index of 500 common stocks which are generally representative of the U.S. stock market as a whole. The Nasdaq Composite® Index is the market capitalization-weighted index of over 2,500 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests. The EAFE® Index is a stock index offered by MSCI that covers non-U.S. and Canadian equity markets. It serves as a performance benchmark for the major international equity markets as represented by 21 major MSCI indices from Europe, Australasia, and the Middle East. The EAFE® Index is the oldest international stock index and is commonly called the MSCI EAFE Index. The Russell 2500® is a market-cap-weighted index that includes the smallest 2,500 companies covered in the broad-based Russell 3000 sphere of United States-based listed equities. All 2,500 of the companies included in the Index cover the small- and mid-cap market capitalizations. The Russell 1000® Growth Index is an unmanaged index that measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® Index companies with higher price-to-book ratios and higher forecasted growth values. The CBOE Volatility Index (VIX) is a measure of expected price fluctuations in the S&P 500 Index options over the next 30 days. The VIX is calculated in real time by the Chicago Board Options Exchange (CBOE). P/E or Price to Earnings ratio is indicates the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company's earnings. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. The Manufacturing Business Outlook Survey is a monthly survey of manufacturers in the Third Federal Reserve District; Participants indicate the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The ISM manufacturing index, also known as the purchasing managers' index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. The Composite Index of Leading Indicators, otherwise known as the Leading Economic Index (LEI), is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. A bond rating is a letter-based credit scoring scheme used to judge the quality and creditworthiness of a bond. The option adjusted spread (OAS) measures the difference in yield between a bond with an embedded option, such as an MBS or callables, with the yield on Treasuries. Mean reversion, in finance, suggests that various phenomena of interest such as asset prices and volatility of returns eventually revert to their long-term average levels. A meme stock is a security that has seen an increase in trading volume after going viral on social media or an online forum. This document may contain forward-looking statements relating to the objectives, opportunities, and the future performance of the U.S. market generally. Forward looking statements may be identified by the use of such words as; “believe,” “expect,”“anticipate,”“should,”“planned,”“estimated,”“potential”and other similar terms. Examples of forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of any particular investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting a portfolio' operations that could cause actual results to differ materially from projected results. Such statements are forward-looking in nature and involve a number of known and unknown risks, uncertainties and other factors, and accordingly, actual results may differ materially from those reflected or contemplated in such forward-looking statements. Prospective investors are cautioned not to place undue reliance on any forward looking statements or examples. This material is proprietary and may not be reproduced, transferred, modified or distributed in any form without prior written permission from Americana Partners. Americana Partners reserves the right, at any time and without notice, to amend, or cease publication of the information contained herein. Certain of the information contained herein has been obtained from third-party sources and has not been independently verified. It is made available on an "as is" basis without warranty. Any strategies or investment programs described in this presentation are provided for educational purposes only and are not necessarily indicative of securities offered for sale or private placement offerings available to any investor. The mention of any individual security should not be construed as a recommendation to buy or sell that security.

We Study Billionaires - The Investors Podcast
RWH020: The Disciplined Growth Investor w/ Fred Martin

We Study Billionaires - The Investors Podcast

Play Episode Listen Later Jan 8, 2023 116:50


IN THIS EPISODE, YOU'LL LEARN:10:14 - What Fred Martin discovered about mitigating risk as a Navy officer in the Vietnam War.14:22 - How he handles the pain & discomfort of difficult periods in the stock market.31:52 - Why he thinks Tesla's stock is overvalued & what he thinks it's really worth.35:20 - Why it's critical for investors to be skeptics who never let down their guard.43:56 - What insights he drew from studying Benjamin Graham & writing a book about him.51:44 - How Fred applies a consistent three-step process to every business he analyzes.54:34 - How to win as an investor by waiting for intrinsic value & the stock price to “true up.”01:02:25 - Why he regards a legendary free soloist climber as the world's greatest risk manager.01:11:43 - How flying planes has helped Fred to refine his understanding of the margin of safety.01:16:02 - Why he's given three younger colleagues the authority to veto his stock picks.01:24:26 - Why he “seals the exits” before buying a stock, assuming that he'll own it forever.01:34:29 - Why fund managers should sacrifice their own interests for the sake of their clients. 01:37:56 - What advice he'd give to people who are looking to hire an investment adviser.01:42:09 - Why he believes that relationships & purpose are the two most important things in life.01:45:48 - What he's done to build good health, so that he's still going strong at age 76.01:47:24 - How his religious faith has made him a better investor & a better steward of assets.01:50:10 - What he's learned about how to endure sorrow & tragedy.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESFred Martin's investment firm, Disciplined Growth Investors.Fred Martin's mutual fund, the Disciplined Growth Investors Fund. Benjamin Graham and the Power of Growth Stocks, co-authored by Fred MartinThe Psychology of Money: An Investment Manager's Guide to Beating the Market by Jim WareFree Solo, an Oscar-winning documentary about legendary climber Alex Honnold.William Green's book, “Richer, Wiser, Happier” – read the reviews of this book.William Green's Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia's first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.Get personalized, expert advice that helps you see things clearly with ATB.Help companies protect customer privacy in the face of endlessly growing data breaches by investing in Atakama today.Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.If you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.If you're a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

SiKutuBuku
Prinsip Investasi ala Warren Buffett | Warren Buffett's Ground Rules

SiKutuBuku

Play Episode Listen Later Dec 12, 2022 9:27


Saya membahas buku Warren Buffett's Ground Rules karya Jeremy Miller. Buku ini membahas prinsip dasar investasi saham dari investor legendaris Warren Buffet. Ketika kamu belajar soal investasi, investasi saham untuk pemula mungkin menjadi salah satu hal yang ingin kamu pelajari. Kamu ingin belajar investasi saham dari nol sehingga kamu bisa sukses investasi saham. Pada usia 26 tahun, Warren kembali dari Columbia Business School, di mana dia pernah belajar dari guru investasi Benjamin Graham, dan mendirikan Buffett Partnership Limited, kemitraan investasi profesional pertamanya. Agar mitranya paham soal metodologi investasi dan cara pikir Warren, dia menuliskan tujuh prinsip dasar dalam investasi. Kemitraan itu beroperasi selama empat belas tahun dari tahun 1956 hingga 1970. Selama periode tersebut, Warren mencapai rekor kesuksesan investasi yang luar biasa. Pada tahun 1968 saja, dia berhasil mengalahkan indeks pasar saham Dow lebih dari 50 persen.

TNT Radio
Tim Price on Jason Q Citizen & Friends - 01 December 2022

TNT Radio

Play Episode Listen Later Dec 1, 2022 55:48


GUEST OVERVIEW: Tim Price is principal and founder of Price Value Partners, a London-based value-investing-oriented fund established in 2014. The fund seeks to invest in companies of exceptional quality that they believe are trading at a meaningful discount to their inherent value – the Benjamin Graham value approach. Tim has more than 25 years' experience in capital markets and 15 years as a discretionary multi-asset portfolio manager and chief investment officer at three successive firms – Henry Ansbacher, Union Bancaire Privée and the PFP Group. He was shortlisted for five successive years in the UK Private Asset Managers' Programme and was the winner in 2005 in the category of Defensive Investing. Tim is also a columnist for MoneyWeek magazine and the co-host of the State of the Markets podcast.

Fondos de Inversión y Valores
156 Capítulo 8, El inversor inteligente

Fondos de Inversión y Valores

Play Episode Listen Later Nov 18, 2022 27:38


Esta semana os traigo una mención sobre el capítulo 8 del libro " El inversor inteligente" Libro publicado por primera vez en 1950 por Benjamin Graham. Sobre este libro Warren Buffett, ha comentado : Sin lugar a dudas, el mejor libro sobre inversión jamás escrito. El capítulo 8 trata sobre como debe comportarse un inversor inteligente ante las fluctuaciones de mercado y como poder establecer en la práctica un plan formal para controlar el comportamiento personal en el terreno de las inversiones. Si te ha gustado el programa te agradezco le des un like en la aplicación para que de esta manera este contenido informativo y divulgativo pueda llegar a mas gente. Para cualquier consulta mi email es: eusgomez@gmail.com

Watchdog on Wall Street
Watchdog on Wall Street: Podcast for Weekend of November 12-13

Watchdog on Wall Street

Play Episode Listen Later Nov 11, 2022 118:33


CPI numbers Inflation and your portfolio. In search of recession. Investing vs. speculating. What is value? The lessons of Benjamin Graham. There is a right way and a wrong way of doing things. CRYPTOPLOSION! Retirement worries. Retirement fears are growing. Inflation is seen as a big setback for retirement savings. Increased contributions for next year. Most people need a retirement reality check. Choose your own adventure…Don't touch the money! (Don't count your chickens before they hatch.) Republicans need a reboot. Everything I needed to know about politics I learned in the 6th grade.

Gestionnaires en action Podcast
S1E145: Bourse: le point sur Meta Platforms, MTY et Berkshire Hathaway avec François Rochon

Gestionnaires en action Podcast

Play Episode Listen Later Nov 11, 2022 6:57


GESTIONNAIRES EN ACTION. Les marchés boursiers sont très volatils ces dernières semaines et François Rochon, président et gestionnaire de portefeuille chez Giverny Capital, rappelle que cette perception ne date pas d'hier. Il explique qu'en 1949, l'investisseur Benjamin Graham a publié L'investisseur intelligent, un livre dont un chapitre compare les humeurs boursières à un individu maniaco-dépressif. «M. Marché, comme le nomme Benjamin Graham, voit parfois tout en rose ou tout en noir. Il faut savoir composer avec ça», dit-il. François Rochon fait aussi le point sur trois titres qu'il détient en portefeuille, soit Meta Platforms (META, 111,87$US), Groupe d'alimentation MTY (MTY, 59,65$) et Berkshire Hathaway (BRK.B, 303,20$US).Pour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

Watchdog on Wall Street
Watchdog on Wall Street: Podcast for Weekend of November 5-6

Watchdog on Wall Street

Play Episode Listen Later Nov 4, 2022 118:48


To raise or not to raise…that is the question. Will the 75 BP hamster wheel continue? Private payroll numbers and wages. Destroying the village in order to save it??? The Fed is not Bob the Builder, they can't fix it. Fiscal restraint in Washington is what we need. Investing vs. speculating. What is value? The lessons of Benjamin Graham. There is a right way and a wrong way of doing things. Retirement fears are growing. Inflation is seen as a big setback for retirement savings. Increased contributions for next year. Most people need a retirement reality check. Energy issues and earnings. Companies warning about the thermostat. Education and Covid.

Watchdog on Wall Street
Watchdog on Wall Street: Podcast for Weekend of October 29-30

Watchdog on Wall Street

Play Episode Listen Later Oct 28, 2022 118:50


Investing vs. speculating. What is value? The lessons of Benjamin Graham. There is a right way and a wrong way of doing things. What if the indices do nothing for the next decade. Expect the unexpected. Black Swans? More volatility on the horizon. Retirement fears are growing. Inflation is seen as a big setback for retirement savings. Increased contributions for next year. Most people need a retirement reality check. Earnings apocalypse has not arrived as of yet. Focus on value and fundamentals. Tech earnings bonanza! Alphabet numbers. YouTube and advertising revenue falling off. Microsoft numbers tank. The future of online advertising, cloud, PC sales. CEO's and shiny objects. Tech companies need to adjust their costs fast.Big Government destroys everything. Davos in the desert.

The Vox Markets Podcast
986: Vox Screens Stocks: John & Justin pick a stock from a Ben Graham's "net-nets" screener

The Vox Markets Podcast

Play Episode Listen Later Oct 27, 2022 12:56


Net-net is a value investing technique developed by the economist Benjamin Graham, in which a company's stock is valued based solely on its net current assets per share (NCAVPS). Net-net investing thus focuses on current assets, taking cash and cash equivalents at full value, then reducing accounts receivable for doubtful accounts, and reducing inventories to liquidation values. Net-net value is calculated by deducting total liabilities from the adjusted current assets. 

Watchdog on Wall Street
Investing is simple yet not easy. Speculating is just plain dangerous.

Watchdog on Wall Street

Play Episode Listen Later Oct 25, 2022 25:49


Investing vs. speculating. What is value? The lessons of Benjamin Graham. There is a right way and a wrong way of doing things. The China Conundrum. Real estate collapse. The Taiwan question. Get the China risk out of your portfolio. Tax Cuts and Inflation. The conventional wisdom is wrong on tax cuts. Learn from the mistakes of the UK. Another energy release? Latest on real estate.

Mastering Money
Mastering Money 10/20/22

Mastering Money

Play Episode Listen Later Oct 20, 2022 52:25


Everyone has heard of Warren Buffett but not as many people are familiar with the man who taught him how to invest.   Benjamin Graham taught Buffett that the basic difference between investors and speculators lies in their attitudes towards stock pricing.  The speculator, noted Graham, tries to anticipate and profit from price changes—trying to time their buys, and time their sells.   On the contrary, the INVESTOR takes a longer view. His only goal is to acquire high quality companies at reasonable prices.  Today, we'll review what Graham taught Buffett that Buffett admits he has never forgotten, and uses to this day. Then Steve will review the Black Diamond Dividend Growth and Blue Diamond Technology Leaders portfolios.  A great show you don't want to miss....MASTERING MONEY  is on the air!!!

We Study Billionaires - The Investors Podcast
TIP482: How Warren Buffett Became the Greatest Investor to Ever Live (Part 1)

We Study Billionaires - The Investors Podcast

Play Episode Listen Later Oct 11, 2022 47:33 Very Popular


IN THIS EPISODE, YOU'LL LEARN:00:08:46 - Who the key figures were in Buffett's development as an investor.00:09:58 - Benjamin Graham's definition of an investment.00:10:21 - What it means to invest with a margin of safety.00:22:23 - What cigar butt companies are and how they made Warren a fortune.00:28:59 - How Charlie Munger helped shape Warren's investment approach.00:44:29 - Why Buffett loved the insurance business.00:45:57 - How Warren Buffett's investment partnership achieved a 31% annual return without a single losing year. 00:49:40 - Why buying a candy company was a critical moment in Buffett's investment career.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESAlice Schroeder's book – The Snowball.Robert Hagstrom's book – The Warren Buffett Way.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSStart building a portfolio of alternative farm and timberland assets with AcreTrader.Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.Help protect your family's financial future with TD Term Life Insurance.Help empower girls to break free through education, healthcare, child protection, and other wonderful benefits by being a World Vision child sponsor today.Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.Build a plan that helps you strengthen your financial security with RBC Wealth Management. RBC capital markets LLC, member NYSE, FINRA, SIPC.Send, spend, and receive money around the world easily with Wise.Throw out the old traditions and get progressive. Discover the complete package – smart design, lots to love under the hood with Genesis.Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax's Gold Investor Kit today – 3 ounces of the world's most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.See the potential of your business. Find solutions that work for you, that tick bigger boxes and help you grow with Square.Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.Get position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia's first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.Enjoy a 400-calorie meal that contains 40g of expertly sourced, premium plant protein, all 26 essential vitamins and minerals, and a scientifically calibrated mix of carbs, good fats and fiber with Huel Black Edition. Plus, get a free t-shirt and free shaker with your first order.Start printing everything your small business needs and discover the endless printabilities with VistaPrint.Whether you're exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.If you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital‘s Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Value School | Ahorro, finanzas personales, economía, inversión y value investing
Benjamin Graham, Warren Buffett y la interpretación de estados financieros

Value School | Ahorro, finanzas personales, economía, inversión y value investing

Play Episode Listen Later Oct 10, 2022 70:03


Benjamin Graham y Warren Buffett son, sin duda, los dos inversores value más conocidos e influyentes de la historia. A lo largo de esta sesión con el inversor Miguel de Juan repasaremos algunas de las principales ideas sobre análisis de empresas recogidas en dos libros de estos grandes inversores publicados en el sello Deusto: Warren Buffett y la interpretación de estados financieros y La interpretación de estados financieros. Ambos títulos resultarán muy esclarecedores a los lectores interesados en aprender a seleccionar acciones con el prisma y el método conocido como value investing.    Si te ha gustado el programa, déjanos un comentario y danos una valoración alta en la plataforma donde lo hayas escuchado. No olvides darte de alta en www.valueschool.es para obtener información sobre nuestras actividades y acceder a todo nuestro material gratuito. Recuerda que también puedes seguirnos en Facebook, Twitter, Instagram, LinkedIn y en nuestro canal de YouTube. (Música: "Corporate Innovative" by Scott Holmes). http://www.scottholmesmusic.com 

Millennial Investing - The Investor’s Podcast Network
MI Rewind: Investing Like Warren Buffett w/ Jake Taylor

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Sep 30, 2022 60:05


IN THIS EPISODE, YOU'LL LEARN:00:37 - How encountering Warren Buffett changed Jake's life.09:36 - Jake's motivation for writing The Rebel Allocator.27:19 - How Jake is positioning his portfolio in these expensive market conditions.29:42 - Why Berkshire Hathaway's recent under-performance shouldn't concern investors at all.44:42 - What Jake wishes he could go back and tell his 20 year old self.58:37 - How Jake thinks about holding cash in his portfolio.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESJake Taylor's book, The Rebel Allocator.Tobias Carlisle's book, Deep Value.Benjamin Graham's book, The Intelligent Investor.Related Episode: Warren Buffett Value Investing W/ Gary Mishuris - MI042.Related Episode: Why Warren Buffett Might Be Wrong W/ Matthew Piepenburg - MI072.Read the 9 Key Steps to Effective Personal Financial Management.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Take a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One. Support our free podcast by supporting our sponsors. Connect with Jake: Website | Twitter | LinkedInConnect with Clay: Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Americana Partners
Stay Invested - September 2022 Market Commentary

Americana Partners

Play Episode Listen Later Sep 28, 2022 45:45


Melissa Giles, Director of Portfolio Management with Americana Partners presents the Monthly Market Commentary as written by, David M Darst, Chief Investment Officer with Americana Partners.  Any charts/graphs referenced are available in print format and may be provided at your request. David is currently the Chief Investment Officer for Americana Partners. David served for 17 years as a Managing Director and Chief Investment Strategist of Morgan Stanley Wealth Management, with responsibility for Asset Allocation and Investment Strategy; was the founding President of the Morgan Stanley Investment Group; and was founding Chairman of the Morgan Stanley Wealth Management Asset Allocation Committee. After 2014, he served for several years as Senior Advisor to and a member of the Morgan Stanley Wealth Management Global Investment Committee. He joined Morgan Stanley in 1996 from Goldman Sachs, where he held Senior Management posts within the Equities Division and earlier, for six years as Resident Manager of their Private Bank in Zurich. David is the Author of twelve books: (i) The Complete Bond Book (McGraw-Hill); (ii) The Handbook of the Bond and Money Markets (McGraw-Hill); (iii) The Art of Asset Allocation, Second Edition (McGraw-Hill); (iv) Mastering the Art of Asset Allocation (McGraw-Hill); (v) Benjamin Graham on Investing (McGraw-Hill); (vi) The Little Book that Saves Your Assets (John Wiley & Sons), which was ranked on the bestseller lists of The New York Times and Business Week; (vii) Portfolio Investment Opportunities in China (John Wiley & Sons); and (x) Portfolio Investment Opportunities in Precious Metals (John Wiley & Sons). His works have been translated into Chinese, Japanese, Russian, German, Korean, Italian, Indonesian, Norwegian, Romanian, and Vietnamese. Seapoint Books published David's eleventh book in 2012 , Voyager 3, containing his creative writing, and in 2016, his twelfth book, Flim-Flam Flora, a children's book coauthored with his daughter. David appears as a frequent guest on CNBC, Bloomberg, FOX, PBS, and other television channels, and has contributed numerous articles to Barron's Euromoney, The Money Manager, Forbes.com, The Yale Economic Review, and other publications. He has broadcast and written extensively on asset allocation in the Morgan Stanley biweekly Investment Strategy and Asset Allocation Commentary and in the Firm's Wealth Management monthly publication, Asset Allocation and Investment Strategy Digest, the predecessors of which he launched in 1997. David attended Father Ryan High School in Nashville, Tennessee, graduated from Phillips Exeter Academy, was awarded a BA degree in Economics from Yale University, and earned his MBA from Harvard Business School. David serves on the Investment Committee of the Phi Beta Kappa Foundation and the Advisory Boards of the George Washington Institute for Religious Freedom and the Black Rock Arts Foundation. David has lectured extensively at Wharton, Columbia, INSEAD, and New York University Business Schools, and for nine years, David served as a visiting faculty member at Yale College, Yale School of Management, and Harvard Business School. In November 2011, David was inducted by Quinnipiac University in their Business Leaders Hall of Fame. David is a CFA Charterholder and a member of the New York Society of Security Analysts and the CFA Institute. Join Our Distribution List – For a full copy of our report. Americana Partners - https://www.americanapartners.com/contact/ Americana Partners Website - https://www.americanapartners.com/ Linked In - https://www.linkedin.com/company/americana-partners/ Spotify - https://open.spotify.com/show/3rX19ND89pwEob9efsFNNF iTunes - https://podcasts.apple.com/us/podcast/americana-partners/id1496186853 Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL2FtZXJpY2FuYXBhcnRuZXJzL2ZlZWQueG1s?sa=X&ved=0CAYQrrcFahcKEwj4gZrR_OnwAhUAAAAAHQAAAAAQAg   Disclosures Americana Partners, LLC is registered as an investment adviser with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Americana Partners' current written disclosure brochure filed with the SEC which discusses among other things, Americana Partners' business practices, services and fees, is available through the SEC's website at: www.adviserinfo.sec.gov. The tax and legal information contained in this newsletter is general in nature. It should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial, and other operational risks; and less stringent investor protection and disclosure standards in some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market. Investing involves certain risks, including possible loss of principal. You should understand and carefully consider a strategy's objectives, risks, fees, expenses and other information before investing. The views expressed in this commentary are subject to change and are not intended to be a recommendation or investment advice. Such views do not take into account the individual financial circumstances or objectives of any investor that receives them. The strategies described herein may not be suitable for all investors. There is no guarantee that the adviser will meet any of its investment objectives. All indices are unmanaged and are not available for direct investment. Indices do not incur costs including the payment of transaction costs, fees and other expenses. This information should not be considered a solicitation or an offer to provide any service in any jurisdiction where it would be unlawful to do so under the laws of that jurisdiction. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. The S&P 500® Index is a widely recognized, unmanaged index of 500 common stocks which are generally representative of the U.S. stock market as a whole. The Nasdaq Composite® Index is the market capitalization-weighted index of over 2,500 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests. The EAFE® Index is a stock index offered by MSCI that covers non-U.S. and Canadian equity markets. It serves as a performance benchmark for the major international equity markets as represented by 21 major MSCI indices from Europe, Australasia, and the Middle East. The EAFE® Index is the oldest international stock index and is commonly called the MSCI EAFE Index. The Russell 2500® is a market-cap-weighted index that includes the smallest 2,500 companies covered in the broad-based Russell 3000 sphere of United States-based listed equities. All 2,500 of the companies included in the Index cover the small- and mid-cap market capitalizations. The Russell 1000® Growth Index is an unmanaged index that measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® Index companies with higher price-to-book ratios and higher forecasted growth values. The CBOE Volatility Index (VIX) is a measure of expected price fluctuations in the S&P 500 Index options over the next 30 days. The VIX is calculated in real time by the Chicago Board Options Exchange (CBOE). P/E or Price to Earnings ratio is indicates the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company's earnings. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. The Manufacturing Business Outlook Survey is a monthly survey of manufacturers in the Third Federal Reserve District; Participants indicate the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The ISM manufacturing index, also known as the purchasing managers' index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. The Composite Index of Leading Indicators, otherwise known as the Leading Economic Index (LEI), is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. A bond rating is a letter-based credit scoring scheme used to judge the quality and creditworthiness of a bond. The option adjusted spread (OAS) measures the difference in yield between a bond with an embedded option, such as an MBS or callables, with the yield on Treasuries. Mean reversion, in finance, suggests that various phenomena of interest such as asset prices and volatility of returns eventually revert to their long-term average levels. A meme stock is a security that has seen an increase in trading volume after going viral on social media or an online forum. This document may contain forward-looking statements relating to the objectives, opportunities, and the future performance of the U.S. market generally. Forward looking statements may be identified by the use of such words as; “believe,” “expect,”“anticipate,”“should,”“planned,”“estimated,”“potential”and other similar terms. Examples of forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of any particular investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting a portfolio' operations that could cause actual results to differ materially from projected results. Such statements are forward-looking in nature and involve a number of known and unknown risks, uncertainties and other factors, and accordingly, actual results may differ materially from those reflected or contemplated in such forward-looking statements. Prospective investors are cautioned not to place undue reliance on any forward looking statements or examples. This material is proprietary and may not be reproduced, transferred, modified or distributed in any form without prior written permission from Americana Partners. Americana Partners reserves the right, at any time and without notice, to amend, or cease publication of the information contained herein. Certain of the information contained herein has been obtained from third-party sources and has not been independently verified. It is made available on an "as is" basis without warranty. Any strategies or investment programs described in this presentation are provided for educational purposes only and are not necessarily indicative of securities offered for sale or private placement offerings available to any investor. The mention of any individual security should not be construed as a recommendation to buy or sell that security.

ResumoCast | Segunda Temporada
T4#10 O futuro do dinheiro | Ruda Pelini

ResumoCast | Segunda Temporada

Play Episode Listen Later Sep 28, 2022 33:15


O FUTURO DO DINHEIRO: Banco digital, fintechs, criptomoedas e blockchain: entenda de uma vez por todas esses conceitos e saiba como a tecnologia dará mais liberdade e segurança para você gerar riqueza. _________ Quer comprar esse livro? Faça uma busca na loja do ResumoCast na Amazon https://www.resumocast.com.br Entre para a tribo e nos ajude a empoderar a humanidade com o conhecimento dos livros https://www.resumocast.com.br/apoiase ___________ E SE UMA REVOLUÇÃO FINANCEIRA ACONTECESSE AGORA: VOCÊ ESTARIA PREPARADO? Falar sobre bolsa de valores, tecnologias disruptivas, fintechs, Blockchain e criptomoedas é complicado. São assuntos complexos e acabamos não falando disso dentro de casa e muito pouco na escola. Além disso, fomos condicionados a achar que o mercado financeiro é difícil e inacessível. Entretanto, é possível falar de bolsa de valores para iniciantes e aprender de forma fácil a fazer investimentos inteligentes, sejam em ações para o longo prazo, fundos de investimento ou ETFs, imóveis e fundos imobiliários, ouro e metais preciosos e até mesmo em Bitcoins e moedas digitais. Existe uma revolução financeira acontecendo neste exato momento, baseada em três pilares: dinheiro, tecnologia e liberdade. Para este livro, Rudá conversou com os maiores especialistas e autoridades do Brasil e do mundo sobre finanças, economia, escola austríaca, investimentos, política monetária, tecnologia e inovação, entre eles: Fernando Ulrich, Hélio Beltrão, Henrique Bredda, Hulisses Dias, Israel Salmen, Pedro Englert, Richard Ryterband, Roberto Campos Neto e Tiago Reis. Além de transmitir sua visão e aprendizado sobre a revolução do mercado financeiro atual, cada vez mais descentralizado e disruptivo, Rudá incluiu trechos das entrevistas ao longo dos capítulos, oferecendo também uma outra perspectiva sobre esses pontos. Com um conteúdo didático e leitura fácil para leigos, o livro conta com diversos exemplos práticos e guias para se investir melhor, diversificar e proteger seu capital. Além disso, o autor incluiu uma lista de leituras recomendadas de autores como George S. Clason, Nassim Taleb, Daniel Kahneman, Warren Buffet, Benjamin Graham, Robert T. Kiyosaki, Andreas Antonopoulos e Saifedean Ammous. “Consistência e disciplina constroem a liberdade, mas é importante lembrar que quem chega primeiro é quem bebe água limpa.” Portanto, não tem como ficar de fora do mercado financeiro e tampouco deixar de entender essas mudanças. Bem-vindo ao mundo sem fronteiras.Entre para o Clube do Livro: https://www.resumocast.com.br/apoiase

CMQ Investing Presents: Compound Money Quietly
Margin of Safety 101 (Feat. Warren Buffett, Charlie Munger, Benjamin Graham, & More)

CMQ Investing Presents: Compound Money Quietly

Play Episode Listen Later Sep 26, 2022 7:48


In this episode, you will learn everything you need to know about the Margin of Safety concept. The Margin of Safety concept one that all investors should know, internalize, and most importantly, apply. Should I read more from the classic investing books? Let me know here: https://bit.ly/cmq-feedback

Skippy and Doogles Talk Investing
It's Not Right, And It's Not OK

Skippy and Doogles Talk Investing

Play Episode Listen Later Sep 5, 2022 53:54


AMC's executives stay savvy and keep cashing out. Doogles is into Morgan Housel's "Big Beliefs" and simplification. Skippy is not surprised that folks confuse the words of Jason Zweig with Benjamin Graham. Doogles compares the art of writing with investing through Herbert Liu's blog. Skippy highlights the generational divide around "quiet quitting". The episode wraps with a convo on the gender pay gap, revenue increases due only to price increases, 401K nonsense, and the rental to buyer price ratio. Join the https://skippydoogles.supercast.com/ (Skippy and Doogles fan club). You can also get more details about the show at http://skippydoogles.com/ (skippydoogles.com), show notes on https://skippydoogles.substack.com/ (our Substack), and send comments or questions to skippydoogles@gmail.com.

Americana Partners
Stay Invested - August 2022 Market Commentary

Americana Partners

Play Episode Listen Later Sep 4, 2022 45:57


Melissa Giles, Director of Portfolio Management with Americana Partners presents the Monthly Market Commentary as written by, David M Darst, Chief Investment Officer with Americana Partners.  Any charts/graphs referenced are available in print format and may be provided at your request. David is currently the Chief Investment Officer for Americana Partners. David served for 17 years as a Managing Director and Chief Investment Strategist of Morgan Stanley Wealth Management, with responsibility for Asset Allocation and Investment Strategy; was the founding President of the Morgan Stanley Investment Group; and was founding Chairman of the Morgan Stanley Wealth Management Asset Allocation Committee. After 2014, he served for several years as Senior Advisor to and a member of the Morgan Stanley Wealth Management Global Investment Committee. He joined Morgan Stanley in 1996 from Goldman Sachs, where he held Senior Management posts within the Equities Division and earlier, for six years as Resident Manager of their Private Bank in Zurich. David is the Author of twelve books: (i) The Complete Bond Book (McGraw-Hill); (ii) The Handbook of the Bond and Money Markets (McGraw-Hill); (iii) The Art of Asset Allocation, Second Edition (McGraw-Hill); (iv) Mastering the Art of Asset Allocation (McGraw-Hill); (v) Benjamin Graham on Investing (McGraw-Hill); (vi) The Little Book that Saves Your Assets (John Wiley & Sons), which was ranked on the bestseller lists of The New York Times and Business Week; (vii) Portfolio Investment Opportunities in China (John Wiley & Sons); and (x) Portfolio Investment Opportunities in Precious Metals (John Wiley & Sons). His works have been translated into Chinese, Japanese, Russian, German, Korean, Italian, Indonesian, Norwegian, Romanian, and Vietnamese. Seapoint Books published David's eleventh book in 2012 , Voyager 3, containing his creative writing, and in 2016, his twelfth book, Flim-Flam Flora, a children's book coauthored with his daughter. David appears as a frequent guest on CNBC, Bloomberg, FOX, PBS, and other television channels, and has contributed numerous articles to Barron's Euromoney, The Money Manager, Forbes.com, The Yale Economic Review, and other publications. He has broadcast and written extensively on asset allocation in the Morgan Stanley biweekly Investment Strategy and Asset Allocation Commentary and in the Firm's Wealth Management monthly publication, Asset Allocation and Investment Strategy Digest, the predecessors of which he launched in 1997. David attended Father Ryan High School in Nashville, Tennessee, graduated from Phillips Exeter Academy, was awarded a BA degree in Economics from Yale University, and earned his MBA from Harvard Business School. David serves on the Investment Committee of the Phi Beta Kappa Foundation and the Advisory Boards of the George Washington Institute for Religious Freedom and the Black Rock Arts Foundation. David has lectured extensively at Wharton, Columbia, INSEAD, and New York University Business Schools, and for nine years, David served as a visiting faculty member at Yale College, Yale School of Management, and Harvard Business School. In November 2011, David was inducted by Quinnipiac University in their Business Leaders Hall of Fame. David is a CFA Charterholder and a member of the New York Society of Security Analysts and the CFA Institute. Join Our Distribution List – For a full copy of our report. Americana Partners - https://www.americanapartners.com/contact/ Americana Partners Website - https://www.americanapartners.com/ Linked In - https://www.linkedin.com/company/americana-partners/ Spotify - https://open.spotify.com/show/3rX19ND89pwEob9efsFNNF iTunes - https://podcasts.apple.com/us/podcast/americana-partners/id1496186853 Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL2FtZXJpY2FuYXBhcnRuZXJzL2ZlZWQueG1s?sa=X&ved=0CAYQrrcFahcKEwj4gZrR_OnwAhUAAAAAHQAAAAAQAg   Disclosures Americana Partners, LLC is registered as an investment adviser with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Americana Partners' current written disclosure brochure filed with the SEC which discusses among other things, Americana Partners' business practices, services and fees, is available through the SEC's website at: www.adviserinfo.sec.gov. The tax and legal information contained in this newsletter is general in nature. It should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial, and other operational risks; and less stringent investor protection and disclosure standards in some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market. Investing involves certain risks, including possible loss of principal. You should understand and carefully consider a strategy's objectives, risks, fees, expenses and other information before investing. The views expressed in this commentary are subject to change and are not intended to be a recommendation or investment advice. Such views do not take into account the individual financial circumstances or objectives of any investor that receives them. The strategies described herein may not be suitable for all investors. There is no guarantee that the adviser will meet any of its investment objectives. All indices are unmanaged and are not available for direct investment. Indices do not incur costs including the payment of transaction costs, fees and other expenses. This information should not be considered a solicitation or an offer to provide any service in any jurisdiction where it would be unlawful to do so under the laws of that jurisdiction. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. The S&P 500® Index is a widely recognized, unmanaged index of 500 common stocks which are generally representative of the U.S. stock market as a whole. The Nasdaq Composite® Index is the market capitalization-weighted index of over 2,500 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests. The EAFE® Index is a stock index offered by MSCI that covers non-U.S. and Canadian equity markets. It serves as a performance benchmark for the major international equity markets as represented by 21 major MSCI indices from Europe, Australasia, and the Middle East. The EAFE® Index is the oldest international stock index and is commonly called the MSCI EAFE Index. The Russell 2500® is a market-cap-weighted index that includes the smallest 2,500 companies covered in the broad-based Russell 3000 sphere of United States-based listed equities. All 2,500 of the companies included in the Index cover the small- and mid-cap market capitalizations. The Russell 1000® Growth Index is an unmanaged index that measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® Index companies with higher price-to-book ratios and higher forecasted growth values. The CBOE Volatility Index (VIX) is a measure of expected price fluctuations in the S&P 500 Index options over the next 30 days. The VIX is calculated in real time by the Chicago Board Options Exchange (CBOE). P/E or Price to Earnings ratio is indicates the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company's earnings. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. The Manufacturing Business Outlook Survey is a monthly survey of manufacturers in the Third Federal Reserve District; Participants indicate the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The ISM manufacturing index, also known as the purchasing managers' index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. The Composite Index of Leading Indicators, otherwise known as the Leading Economic Index (LEI), is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. A bond rating is a letter-based credit scoring scheme used to judge the quality and creditworthiness of a bond. The option adjusted spread (OAS) measures the difference in yield between a bond with an embedded option, such as an MBS or callables, with the yield on Treasuries. Mean reversion, in finance, suggests that various phenomena of interest such as asset prices and volatility of returns eventually revert to their long-term average levels. A meme stock is a security that has seen an increase in trading volume after going viral on social media or an online forum. This document may contain forward-looking statements relating to the objectives, opportunities, and the future performance of the U.S. market generally. Forward looking statements may be identified by the use of such words as; “believe,” “expect,”“anticipate,”“should,”“planned,”“estimated,”“potential”and other similar terms. Examples of forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of any particular investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting a portfolio' operations that could cause actual results to differ materially from projected results. Such statements are forward-looking in nature and involve a number of known and unknown risks, uncertainties and other factors, and accordingly, actual results may differ materially from those reflected or contemplated in such forward-looking statements. Prospective investors are cautioned not to place undue reliance on any forward looking statements or examples. This material is proprietary and may not be reproduced, transferred, modified or distributed in any form without prior written permission from Americana Partners. Americana Partners reserves the right, at any time and without notice, to amend, or cease publication of the information contained herein. Certain of the information contained herein has been obtained from third-party sources and has not been independently verified. It is made available on an "as is" basis without warranty. Any strategies or investment programs described in this presentation are provided for educational purposes only and are not necessarily indicative of securities offered for sale or private placement offerings available to any investor. The mention of any individual security should not be construed as a recommendation to buy or sell that security.

Zonebourse
322: L'action la moins chère du CAC40

Zonebourse

Play Episode Listen Later Sep 3, 2022 11:17


Profitons de cette rentrée pour nous amuser. Je vais appliquer les critères du livre culte de Benjamin Graham, "L'investisseur intelligent", aux valeurs du CAC 40. Combien vont passer le test ?

Real Estate Espresso
BOM - Intelligent Investor by Benjamin Graham

Real Estate Espresso

Play Episode Listen Later Sep 1, 2022 5:30


Our book this month is "The Intelligent Investor" by Benjamin Graham. This is not a new book. It was first written in 1949 and has been on Warren Buffet's recommended reading list for much of the past decade. ------------ Host: Victor Menasce email: podcast@victorjm.com

TNT Radio
Tim Price on Locked & Loaded with Rick Munn - 25 August 2022

TNT Radio

Play Episode Listen Later Aug 25, 2022 55:51


GUEST OVERVIEW: Tim Price is manager of the VT Price Value Portfolio, a fund investing in Benjamin Graham-style value stocks, and specialist value funds, from around the world. Tim also writes regularly for MoneyWeek magazine and The Spectator.

Millennial Investing - The Investor’s Podcast Network
MI Rewind: You CAN Beat The Market w/ Brian Feroldi

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Aug 12, 2022 56:33


IN THIS EPISODE, YOU'LL LEARN:02:41 - What is financial wellness?08:41 - If he thinks investors can beat the market.39:45 - How one should approach bull and bear markets.44:10 - How you can identify companies that will become great in the future.48:01 - Why Brian believes that markets aren't perfectly efficient.50:42 - When should someone sell a stock.58:39 - Tesla's competitive advantage, and how to apply these qualitative factors to other businesses.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESRead Brian's articles on The Motley Fool.Joel Greenblatt's book The Little Book That Still Beats the Market.Benjamin Graham's book The Intelligent Investor.All of Robert's favorite books.Related episode: Do Stocks Only Go Up? w/ Brian Feroldi - MI160.Related episode: Why Does The Stock Market Go Up? w/ Brian Feroldi - TIP437.NEW TO THE SHOW?Check out our Millennial Investing Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One. Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.Reclaim your health and arm your immune system with convenient, daily nutrition. Athletic Greens is going to give you a FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase.Combine hundreds of search filters to quickly find better leads, close more deals, and unlock your investing potential with the power of PropStream!Support our free podcast by supporting our sponsors.Read this episode's transcript and full show notes on TIP.Connect with Brian Feroldi: Website | Twitter | LinkedInConnect with Robert: Website | Instagram | TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Remote Real Estate Investor
How to weed out the good from bad in real estate syndications

The Remote Real Estate Investor

Play Episode Listen Later Aug 3, 2022 30:23


Taylor Loht is the founder of NT Capital and host of the Passive Wealth Strategies podcast. He teaches busy professionals how they can invest in real estate without dealing with tenants, toilets, and termites. He lives in Richmond, Virginia, where he started and runs the monthly Richmond Multifamily Investors Meetup, trains Brazilian Jiu-Jitsu, and actively contributes to Bigger Pockets. Intrigued with real estate investing but concerned about picking up a second job and more headaches, Taylor Loht searched for new investing strategies. As a busy professional himself, he understood the importance of learning passive investing strategies and sharing those insights with others. In today's episode, Taylor provides us with some insights on passive & active investing and real estate syndications. Episode Link: https://www.passivewealthstrategy.com/join-the-investor-club/?source=investwithtaylor   Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Taylor Loht, founder of NT capital and Taylor is going to be talking to us today about syndications and how to spot some of the not so great actors out there and who syndications may and may not be for as an investor goes. So let's get into it.   Taylor, what's going on, man? Thanks so much for coming on and hanging out with me today. I really appreciate you.   Taylor: Thank you for having me today. I'm really excited to talk with you.   Michael: No, likewise, likewise. So I know a little bit about your background and kind of what you're doing but for those of our audience members that don't know who you are, give us a quick and dirty who you are. Where do you come from and what is it, you're doing real estate today?   Taylor: Sure, absolutely. I'm a real estate investor based in Richmond, Virginia, I decided to make the switch to real estate investing. A number of years ago, I don't even honestly remember exactly when but had been investing in Wall Street, you know, typical things. For a few years. You know, at the time, it was kind of hard to pick and miss on Wall Street because it was right in the wake of the great recession. But I just saw real estate as a better opportunity to create passive income and then, you know, here we are.   Michael: Awesome and now today, you got a company and T capital. Talk to us a little bit about what it is that you all do.   Taylor: Sure, absolutely. So it's part of my real estate syndication investing. So basically, I help people passively invest in real estate syndications. Got the securities licenses and everything to do that and help sponsors raise capital in a compliant manner, of course, and, you know, help people, as I say, on my podcast, escape the Wall Street casino and build wealth on Main Street by investing in real estate.   Michael: Love it and what is your podcast called for anyone that wants to go check it out?   Taylor: Sure. Thank you for the opportunity. It's the passive wealth strategy show available every Monday, Tuesday and Thursday, new episodes interviews, just like this one,   Michael: Right on. So it's a common debate that we have passive versus active real estate investing. So I love for you to wear your passive hat because you've done both right? You've been on the active side, and now you're on the passive side. So why did you end up there?   Taylor: So, that's an interesting question. So I'm a little bit in a in a hybrid state right now, to be honest with you. But, you know, I think most people when they start real estate investing honestly, myself included in this, our familiarity with real estate kind of is limited to flips, which we see on HGTV, and buying single family rentals, and you know, the one up the street and rent it out. There's nothing inherently wrong with either one of those. But the reality is that both of those strategies take a lot more work than we really think they do from the outside. Now, if you buy a single family rental and put it use a property manager, you can turn that into passive income over time, if you kind of do it the right way and buy at the right price and all those kinds of things. Flipping itself is a very active business and after learning about both of those and most of the other real estate, investing strategies.   When I was kind of getting started, I just really gravitated toward commercial real estate larger properties. I honestly don't know what it is. Maybe it's aesthetic. Maybe I just I like to think big, just get really excited about big things. But when you're buying you want to buy a $15 million property. Well, you know, I don't want to say too much about myself here, but I don't have all the money for that down payment. I can't put all that money down and I never could write when I was just a guy at college trying to figure out my way in real estate. So eventually I found this path through real estate syndication. I had money saved up from investing in Wall Street and you know, I didn't did alright in that. But wanted to make this shift and started passively investing in real estate syndications, with my eye on getting on the more active side of things, and now I do both and you know, I'm more than happy to have this be my investing strategy, I love it.   Michael: I love it. Well give us some insights into who real estate syndication investing is for and who's maybe not a great candidate to be an investor in a syndication?   Taylor: Sure, absolutely. So, my mind first goes to and this is most of my investors are high earning busy professionals who maybe have a family they have a job that they work 40-60 plus hours a week, make a lot of money. and maybe have some leisure activities, just want to earn some passive income but don't want to build their own real estate investing business on the side, they want to maybe like I said, say as a lot of harp on this, get out of the Wall Street casino, and invest in real estate, then that may be a good fit because if you're somebody who earns a couple of $100,000 a year, then you have to, I think you should think about what your time is worth in terms of dollars per hour and where you can best allocate your time because time is our most finite resource and I was kind of debating whether I was gonna say this, but today we're recording today is my 33rd birthday and I'm always thinking about the shortness of life, I guess, if you will, and I think, from your investing standpoint, you should think about that we all only have 24 hours in the day, if you do really well in your career, then bear that in mind, when you're considering an investing strategy, that could kind of be another job like, like maybe flipping as often another job for folks more active investors, again, you know, I love active investing, you need to be ready to put the work in, it's, it's a lot of work to invest in real estate, find deals and do deals, especially today when interest rates are going up and prices are at all-time highs and we're seeing some softening in the retail market in particular, which, you know, we have to kind of, we have to work with the market that we're given and we find ourselves in. So you know, if you're willing to put the work in, I say go for it. You know, there's absolutely nothing wrong with that. I like putting the work in on my deals and everything. But really just think about your time how you want to spend your time and what your time is worth for you both in terms of what you want it to be worth, but also what it is actually worth, if you're working. What are you getting paid now and think about that for your real estate investing…   Michael: Yeah, I think that makes a ton of sense. I think it's a really great way to be thinking about things. Well, first and foremost, Taylor, happy birthday. Thanks for taking the time on your birthday day to hang out with me, this is awesome.   Taylor: It is my favorite thing to do. So no problem…   Michael: Well give us a little bit of insight into how you coach your investors or how you coach folks that think about the returns and the return on their time because I think that makes a ton of sense and thinking about, okay, how much is your time worth. But I can pretty clearly calculate, okay, if I buy this property as an active owner, this is what my return is going to be this was my cash on cash is going to be this is what my hopeful eventual exit price might look like versus about up to a syndicator like it's in your hands and if they screw up, well, then that that's a bummer for me.   But I don't have control over that. So are the returns going to be stronger as with this indicator? Are they going to be not as enticing, but I have to do as much work kind of give us an insight into how people I should be thinking about that?   Taylor: Sure, of course, I want to be careful what I say in this regards and you know, every deal is different and past results are not an indication of, you know, future performance and all those kinds of things. You know, in my experience, both in an active real estate investment if you're doing your own deals or investing in real estate syndication, either those strategies can do very well and either while either one of them can lose a lot of money, I think it's a, it's a matter of weighing pros and cons and to kind of get back to the question about if somebody is considering if passive versus active makes sense to them. If you're somebody who can't imagine giving control of your money or your investment over to a syndicator, no matter how experienced they are, maybe they have several 1000 units under their belt and several billion dollars in assets under management. But still, you can't get past it. Well, hey, that's a sign you know, and that's your priority. That's your decision to make it's your money as your financial future. Go for it. You know, I think that this spectrum when we're talking in a general sense about the returns that you can make, you know, it's a little tough to be specific about that. Either type of deal can make money either type of deal can lose money, I think some of the other things to consider is if you're going in buying a single family up the street, getting the data in your own name and those kinds of things. Well, you're on the hook for the debt as the investor and if you're willing to do that, hey, great, no problem.   Most real estate syndications, however, which use that, set it up and the lender set it up so that the passive investors are not personally guaranteeing the debt. So their risk of loss is limited to their initial investment, their equity that they invested in the deal. So your potential downside is your investment can absolutely go to zero. Of course, we always want to be cognizant of that and the risk in our investments but if you're not on the hook for the debt, then hey, you're not on the hook for the debt. Now somebody is on the hook for the debt and that's what you want and one of many things you want to look into. In a real estate syndication, who's guaranteeing the debt? How are our interests aligned that hey, we all want this deal to perform and if it goes wrong, it's going to be worse for say the general partners who are guaranteeing the debt. Those are things we want to think about but again, debt is a big factor in real estate investments, and it's one of the risks so that as a passive investor in the syndication, you can kind of take off the table for yourself and the general partner or key principal or somebody else will guarantee the debt.   Michael: That's a really interesting point that I want to come back to but since you were describing the person that really can't give up control, I think that's me in a lot of instances, I'm a recovering engineer and so I like to engineer the crap out of things but I'm just curious, have you come across people that like really want that high degree of control, but also invest in the stock market?   Taylor: That's an interesting question and I think, yes, I think we, maybe we've been kind of trained or programmed or maybe it's the way that media talks are something that we think that when we're buying a portfolio of stocks, hey, I have the control, because I get to hit the buy and sell button, which is true, you do get to do that. But there are many other factors that are outside of your control and when I was really heavily investing in the stock market, I got, I got my props here, my books. This is the first book I read about investing the Intelligent Investor, it's incredibly thick, I only read it once.   It looks like a dictionary, which is a ginormous book but you know, it kind of drove me toward index investing, because I learned through this book, Benjamin Graham and its Warren Buffett strategy as well that I can't pick stocks and I honestly, I tried a couple times, and I always lost out on I'm no good as a stock picker but I think that having that buy and sell button really gives us the feeling that we do have a lot of control and you do get that amount of control, you can buy and sell but you can't control the fluctuations of the market, you can't control the positive or negative decisions that the executives might make, or you know, kind of anything.   Michael: Right, right. It always cracks me up when people talk about yeah, I got so much control and it's like, like, stop kidding yourself. Alright, so let's talk about leverage for a minute because I think you bring up a really good point and it's interesting to know that the general partner is usually going to be on the hook for the leverage for the debt rather, and that it stops with limited partner. But talk to me a little bit about how people think about debt to invest. So what I mean by that is, if I want to go buy $100,000, single family home, I can go bring 20 grand to the table and get $80,000 mortgage. Now I control $100,000, an asset and the appreciation I see is going to be that $100,000 number versus if I want to go to a syndication, can I go get a loan from that same bank and say, hey, I want to put $100,000 into the syndication.   Taylor: No, and frankly, if the if I were, you know, the general partner seat in that case, and I found out that somebody was taking a taking out a loan to invest in the equity portion, it may or may not be technically legal for me to accept that money, but it would not be wise for me to accept that money because if things aren't going to plan, which can happen in a real estate deal of any kind, then you're going to be in a personally difficult position and that's going to flow to me, and it's going to be still going to be my problem and I'm just gonna have to deal with that. So it wouldn't be wise for the general partner or the limited partner to do that and I think I should clarify, what I previously said, Is there are multiple types of real estate debt. At a high level, there's recourse and non-recourse where recourse means you're personally on the hook for the money. A lot of syndication deals and commercial real estate deals will use non-recourse debt where the general partner while they're kind of they're putting up guarantees, and they're agreeing to behave well. We're not technically on the hook to repay the debt, but there are so many carve outs to that. So in the sense that if the general partner misbehaves or doesn't act in a certain manner, then the bank, you know, just reverts, and it becomes recourse debt anyway. So those are important things to consider but I wanted to make sure to clarify that point.   Michael: That's a great point to clarify. So talk to us Taylor about this specific scenario. You got a landlord, they own five single family homes, and they did the active investing, and they're kind of done, they're tired but because of what's happened over the last couple years, they've seen their equity go through the roof and they're thinking, you know, what, I will kind of want to get into this whole passive thing. I heard Taylor and Michael's podcast would love to get into one of those deals. So they cash out refi on some of those properties. So they take on new debt, now they've got a ton of cash. Are you thinking that that's not a great time to go invest that into a syndication deal, because it's technically borrowed, or when you say, take on debt is not a wise investment to go put into a syndication deal? Talk to us a little bit about that.   Taylor: That is a good point and that is an interesting way to reframe that question. I suppose in my mind, the previous question, I kind of interpreted that as, say, I'm Taylor, I'm going to go passively invest in this deal. I call my buddy Michael, I say hey, man, loan me x $10,000 $50,000. I'm gonna go invest in this deal, and I'm gonna pay you y percent over a certain amount of time. Well, that would not be wise but say if somebody's pulling debt out of properties, or applying a new mortgage to cash out refi buying properties that they already own. I think you can make a good case for that. I think it's really so one of the things where it If you're in that situation, you need to consider or you should consider all the available options. So interest rates are going up right now but historically, they're still at pretty much all-time lows and values are at all-time highs and single families. We're seeing some softening going on. But it's not like we're currently in the midst of a crash. Now, I may, I might be wrong about that but something to consider, the way I would look at that is what I want to continue owning these properties, say for another 10 years or so technically, think the average mortgages refight at seven years but how long? How much longer? Do I really want to own these properties?   You know, what's my potential here? Do I still want to mess with them? What rate am I going to get on this debt? I would consider, really all those factors are so many other options that you can technically get 10, 31 exchange into a single syndication if you do it properly. Now, a lot of times, it may not make sense, if there are fairly inexpensive properties, you're not bringing a lot of equity to the table, then it's a little more difficult to 10, 31 but I just think you have to consider all the possibilities and again, it's all about the individual making decisions that are right for them. If you still want to own those single families and continue to rent them out, then that is a valid way to do so and you still have real property there and hopefully, when you do that cash out refi you're still earning strong cash flow in the future, because you still need to support that new debt that you took on.   Michael: Great, great and Taylor give us some insights into what folks should be doing to screen syndicators because they're, you know, kind of like realtors, they're a dime a dozen, you see syndicators all over the place, doing all kinds of deals, talking about their deals are amazing. So what are what are some kind of BS meters or red flags that people can help raise on some of these folks?   Taylor: That's a great question. I mean, honestly, one of my favorite things to suggest that people do is go find other passive investors and ask them, who have you invested with what's gone positively or negatively? It's a little different than going to a syndicator and saying, hey, give me a couple of references because what kind of knuckleheads gonna give you a negative reference, right? You're gonna tailor it properly, right but if you're in that position…   Michael: Was that a play on words you're gonna take tailor right now…?   Taylor: In a way… But I would, you know, it's always you do get that question and I, you know, give people references if things have gone well, but for anybody out there in that position, there are so many groups out there that are focused on passive real estate investing leftfield, investors are great. Go there and talk with those folks and ask them, who have you invested with, it's gone? Well, there are a lot of other things you can do along the lines of background checks, heck, take the person's name and Google them. I mean, it's shocking how many people won't just punch a name into Google and you know, see what comes up, sometimes and this, this does happen. I know of at least one case where this happens. There, somebody out there who has a relatively common name, and if you google them, somebody else's prior court case comes up. So if there's any point of clarification, there's no harm in asking. But if you're, you know, if you're already out to let you know, make that judgment call on your own, if you want to ask them, hey, what happened here? Is this you or if you don't, then that's fine. That's up to you. Those are definitely things that that I would consider, I would dig into there. Also forums like bigger pockets you can go to you can post Hey, has anybody here invested with so and so, you know, DM me, and let's talk about search on bigger pockets as well.   There are many threads about positive and negative experiences with syndicators. Now, there's always an important factor to bear in mind that past performance is not an indicator of future results but I think learning about people learning about experiences can help illuminate things like scammers and fraudsters because those people are out there and you need to know how to look for them. I think as you if you're new in real estate syndication and passive investing, really try not to feel FOMO you can go out, get on people's deal lists and look at deals for a while you don't need to invest in the first deal that you ever see come across your desk, if they're good, and they're experienced indicators and they know what they're doing. They're gonna do plenty of deals right and you will get diversity, a diverse selection of deals in terms of asset classes, markets, you know, the what their maybe target returns are everything so that you can see get a picture a broad picture of how folks are doing deals and I think that really is illuminating and just taking a pause reminding yourself not to feel FOMO can really help prevent a lot of a lot of mistakes and I did put out a seven day course on red flags and passive real estate investing recently that people can get that's totally free. Not everything that can go wrong in a real estate deal because that would be an Encyclopedia upon Encyclopedia of right of information, but their high level things that if you spend enough years in this business, you'll see kind of recurring themes of things that go wrong in these types of deals.   Michael: Okay, that makes a ton of sense and those are all really great resources and tips. Thanks for that. curious to get your personal thoughts. There's the expression get rich in your niche or niche down and get laser focused and so from the standpoint of syndication, if someone has 100 grand to invest, are you thinking it makes sense to go all in on a particular deal because you love the deal and believe in that deal, and that syndicator are you going wide with kind of spray and pray across multiple deals?   Taylor: So for me, so just taking a step back, most of the time, in real estate syndication, you'll find that a typical minimum investment is $50,000. There are a lot of reasons behind that if you're accredited, that means it gets into the weeds but most real estate syndications can accept an unlimited number of accredited investors but find a 506 b syndications can only accept up to 35 non accredited investors. So they want to allocate those spots to people who are able to invest additional capital and where I'm going with that is they say a $50,000 minimum but you're not quite ready for that and you're accredited. It doesn't hurt to ask, say, Hey, would you take 25, would you take 35? Can we go a little lower? Because I'm trying to spread this out. But if I was in that position, having $100,000 I wanted to invest in real estate syndications. I would like to diversify it as much as I could because I think that's the wise decision. I was speaking with somebody recently about this. I don't want to say too much. But this person had almost a million dollars to invest. This was about a quarter of their portfolio. They had invested in Wall Street type of stuff for years and years and did very well and high income earner. Very great for them just getting into real estate syndication, asking about hey, how should I allocate this? What would you think about they were looking at their second real estate syndication investments are just getting started in the space and their consideration was I'm gonna go 500 out of this, this portfolio that I've chosen to invest in these deals and my thought on that is, that's probably too much. I think if you're really getting into it, it makes sense to not just dive in, right, kind of walk into the water kind of slowly so you can get getting diversified across markets and asset classes and operators and all those kinds of things and get your feet wet rather than just cannonball on into the waters.   Michael: Yeah, and find out later that it's two inches deep.   Taylor: By very possibly. I mean, you know, I've counted myself lucky to have I feel as though I've stayed away in my real estate investing career successfully from people who you might consider scammers and fraudsters, that doesn't mean you don't meet them, but you kind of find out who they are, and avoid them and don't do business with them but I think the more patient you are kind of helps you have a better a better batting average, if you will, maybe that's not the best way to put it. But I think diving in is the wrong, you know, wrong way to go, especially in a time when the market is, you know, maybe come volatile in the future.   Michael: Taylor, I'm curious, kind of in that similar vein, do you think personal tailors personal hot takes that having invested on the active side makes someone a better or more difficult, passive investor or does it not matter? I mean, if I'm thinking about getting started, I'm thinking, you know, I'm not sure maybe which one I'm thinking maybe as an active investor, I can learn the business and not have the wool pulled over my eyes as much or maybe I just go straight to the passive route without having to learn all of the stuff that comes along with going the active route.   Taylor: That's an interesting question. I'm not sure I'm honestly not sure how big of a I haven't noticed a difference, I suppose is what I'd probably say. I mean, I would say that though, regarding that one point, being a passive investor doesn't absolve you from learning how the business works. I think it's very wise to pay attention to what the industry is saying what at what active syndicators are saying to each other, what they're out there talking about and where they learn, right because you're going to learn the most about how deals work by say, reading the same books as them or attending webinars or maybe going to conferences. Some people are some passive investors are willing to make that investment many aren't. Some of those can be very expensive but just as a general comment, being a passive investor doesn't get you out of learning. You still got to learn.   Michael: Okay, no, I love that. I've always been preaching that that you got to learn the fundamentals from the get go, because who knows, you might learn that real estate investing isn't a great place for you and I think that's important to be cognizant of too. So kind of again, thinking similarly through that thought exercise, if we go back to our prior example of this, I'm the active owner. I own five single families looking to get involved in the passive side, and I'm looking at a pro forma from a syndicator and all I know is the single family space, right? I've purchased homes, I've done renovations on homes, capex, that sort of thing and I see a line item, big apartment building 15 million, like you mentioned, and their capex reserve is 250 a door and I'm like, no fricking way I've been in his business 250 is not going to cut it, you know, doesn't get you a stove. So how much should I be kind of nitpicking, this indication of what I know, to be true for my business, versus how much of the syndication world is just so above my head, and playing in a different Echelon that I don't really need to be spending time picking things apart?   Taylor: So I think if you're in a situation where a number doesn't make sense to you, then my opinion is you can either ask a question about it, you know, clarify, maybe run your own underwriting model, if you're so bold, not everybody wants to do that. But at a certain point, when the math doesn't make sense to you, the assumptions don't make sense to you, then just walk away and look for the next one because, you know, I, I hate to sound like an old dog. You know, 33, I've been investing in this business for a few years now but I've seen syndicators make math mistakes that lead made a pretty significant difference in the deals, and sometimes those are identified early on, sometimes they're a little, you know, higher profile but if a number like a Capex budget per unit or something like that doesn't make sense to you. You can ask question about it but use your own logic, I mean, you're at the end of the day, you're going to bear the benefit or the cost of your decision more than anybody else.   So, you know, ultimately, I think the at the individual investor level, kind of the buck stops with us, right, and we should walk away. If something like the math doesn't make sense, I've and I could go to the math errors, I've seen them blow up in a higher profile manner that I don't want to get into and I've caught them from others indicators and sometimes the ones I caught were not huge, but there was enough. Just seeing that is enough for me to say, okay, I'm done because.... Where are the other problem? Where are the mistakes? I'm not going to dig through this enough to find them, but, again, that's that feeling of FOMO, right? Really try not to feel it and if you bear that in mind, I think that helps make fewer mistakes, or kind of helps you, when you find that the capex budget doesn't make sense. It'll help you say, no problem moving on.   Michael: Yep. So is it is it fair to say to folks listening, don't go invest into a syndication until you get warm and fuzzy…   Taylor: Potentially, I think this again, gets to the individual investor level is that we all have different bars of warm and fuzzy, I'm at the point now where I get pretty warm and fuzzy with the deals that I invest in, and I don't invest in everything I see for sure. But I feel my opinion is that my warm and fuzzy is pretty well calibrated at this point, and also pretty heavily data driven. If you're brand new: Think about how is your warm and fuzzy, calibrated correctly. Maybe it is maybe it's not but you know, I'm, I'm not a pushy person in this regard and I think on the individual investor level, if you're not ready, you're not ready and that's okay. There's no harm in continuing to look at deals and, quote, sit on the sidelines but as long as in my mind, as long as you're looking at deals and you're evaluating them, then you're not quite sitting on the sidelines, you're still taking action, and you'll most likely step up eventually, or you'll decide, hey, this isn't for me at all, and you won't do it. But in that sense, you know, consider whether your warm and fuzzy is calibrated correctly. Maybe it's not, maybe you're a little too cautious or maybe you're actually being a little overly trusting, if you will, maybe you're mis calibrated in the other direction.   Michael: Yeah, I think that makes a ton of sense. Taylor, man, this has been a super fun interview. Where can people learn more about you reach out to you invest alongside you if they're interested in doing so?   Taylor: Sure. Absolutely, so I already mentioned my podcast the passive wealth strategy show available you know where you're listening to us right now I'm sure. My company NT capital, you can find out more at investwithtaylor.com or I mentioned the free seven day video course I put out on red flags and passive real estate investing that's available at passiverealestatecourse.com.   Michael: Awesome. But hey, man, thanks again for coming on. I really appreciate you taking the time and I'm sure we'll chat soon.   Taylor: Thank you.   Michael: Okay, well bye…   Okay, everyone. That was our episode a big thank you to Taylor for coming on really insightful. Again. I love some of those questions that you can ask syndicators to get an idea of whether or not it makes sense to invest alongside them or with them as oh, If you liked the show, or even if you didn't like the show, we'd love to still hear from you. Leave us a rating or review wherever you get your podcasts, and we look forward to seeing on the next one. Happy investing…

Millennial Investing - The Investor’s Podcast Network
MI Rewind: China, Emerging & Frontier Markets w/ Kevin Carter

Millennial Investing - The Investor’s Podcast Network

Play Episode Listen Later Jul 29, 2022 71:24


IN THIS EPISODE, YOU'LL LEARN: 13:01 - Revelations Kevin saw when he worked at a mutual fund vs. investments one can do as an individual investor.16:25 - Lessons Kevin learned when he shorted Amazon. 26:34 - How Kevin got involved with Tesla. 35:05 - What emerging or frontier markets are and which countries they consist of.42:02 - Why home-country bias exists and what investors are potentially missing by focusing only on their domestic markets.52:46 - What the most important things to look out for are when investing in foreign or international markets.52:46 - The catalyst that's going to change the dynamics of investing and will have a material impact on the future returns of international markets.1:00:36 - Where to start and how to get started as a new investor in foreign markets.1:06:59 - How international investors combat against fraud and accounting standards.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESGet a FREE audiobook from Audible.Berkshire Hathaway Shareholder Letters.Benjamin Graham's book The Intelligent Investor.All of Robert's favorite books.Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hackingattempts, and other cybercrimes with Avast One.Combine hundreds of search filters to quickly find better leads, close more deals, and unlock your investing potential with the power of PropStream!Reclaim your health and arm your immune system with convenient, daily nutrition. Athletic Greens is going to give you a FREE 1 year supply of immune-supporting Vitamin D AND 5 FREE travel packs with your first purchase.Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.Tell mom how much you love her—and make sure she hears it in crystal-clear audio quality, with Raycon.Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Check out our favorite Apps and Services.Browse through all our episodes (complete with transcripts) here.New to the show? Check out our Millennial Investing Starter Packs.Support our free podcast by supporting our sponsors.Read this episode's transcript and full show notes on our website.Connect with Kevin: Website | LinkedIn | TwitterConnect with Robert: Website | Instagram | TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Mis propias finanzas
El Inversor Inteligente-Benjamin Graham

Mis propias finanzas

Play Episode Listen Later Jul 25, 2022 46:02


El mejor libro de inversiones que se ha escrito… El Inversor Inteligente Warren Buffett dijo: “cuando tenía 19 años leí un libro (El Inversor Inteligente), y lo que hago a mis 76 años de edad está basado en los mismos principios que aprendí del libro a mis 19”.

Own Your Family
The Intelligent Investor by Benjamin Graham

Own Your Family

Play Episode Listen Later Jul 13, 2022 18:11


Lauded by Warren Buffet as “by far the best book on investing ever written,” “The Intelligent Investor” by Benjamin Graham is, arguably, the most influential…

Real Estate Breakthrough
#141: Paul Moore-Investing vs. Speculation

Real Estate Breakthrough

Play Episode Listen Later Jul 9, 2022 38:13


“If you are getting an asset, you should be looking for an asset with intrinsic value you can unlock.” - Paul Moore   Today I am interviewing Paul Moore for the 2nd time here on the Real Estate Breakthrough Show. He is the Managing Partner and Founder of Wellings Capital and is an investor, author, and educator. Paul has presented at my FIBI Pasadena meeting numerous times and is a world class real estate investor. He recently released a book called Storing Up Profits and will have his recent FIBI Pasadena presentation available on our Youtube Channel. He is still a renaissance man, remains a good friend, and a trusted resource.    Paul Moore: has his BA in engineering and MBA from Ohio State. He has successfully managed and rehabbed 40+ properties and completed investments and exited over 85 real estate deals. Paul authored his first book  The Perfect Investment, which spells out everything you need to know about apartment investing. He authored his 2nd book Storing Up Profits, which breaks down the value of investing in self storage. He is the co-host of the How to Lose Money  podcast and a contributor to Bigger Pockets and more.    TOPICS COVERED IN THE EPISODE   What is Wellings Capital  Investing vs speculating  Who is Benjamin Graham  The wisdom of Warren Buffet  Why did Paul get into real estate investing Why multi-family is not the perfect deal  Are we overpaying to compete  Can self storage maintain during a downturn  Does does inflation impact self storage  How large rental buildings become owned by corporations  75% of self storage is still owned by mom and pop investors What types of value adds align with self storage  Christina's first multi-family property  What is the knowledgeable investors choice  When do we start babysitting the market  Upgrading mom and pop investments  What happened with Zillow  Listen now and find out how Paul found his Real Estate Breakthrough! The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime. Find out more about Paul here:    Website Wellings Capital Twitter @PaulMooreInvest Linkedin Paul Moore YouTube Paul Moore

The MarketBeat Podcast
Is The Market Near a Bottom, Does it Matter?

The MarketBeat Podcast

Play Episode Listen Later Jul 5, 2022


Today's interview is a little different, in that you get a LOT of market perspective from someone who's been analyzing stocks from the ground up, for more than three decades. In this conversation, Kate chats with Nancy Zambell, the chief analyst for the Cabot Money Club Letter - and Nancy has a really deep and varied background in the financial industry - as she mentions in this interview, she's been a banker, real estate professional, and a stock market analyst. Nancy tells us about her process, back in the day, of driving around the country, visiting small companies to get a first hand view of their operations - and she has some pretty funny stories about several of these experiences - and in addition to being a fun discussion, Nancy does offer some warning signs about what might give you pause, when evaluating a possible stock purchase She also gives a detailed rundown of what SHE is looking for in a stock, using the time-tested value analysis pioneered by Benjamin Graham - who was Warren Buffett's mentor. Finally - Nancy also shares two stocks and one ETF that she recently featured in her advisory - and tells us why she believes these are worth watching - even as they are - like almost everything else - currently off their highs Lots of gems here, and some fun, as well today - give a listen to Kate's interview with Nancy Zambell, of the Cabot Money Club Letter Links mentioned in this episode: https://www.marketbeat.com/all-access/ This podcast is hosted by ZenCast.fm

TNT Radio
Tim Price on Locked & Loaded with Rick Munn - 04 July 2022

TNT Radio

Play Episode Listen Later Jul 4, 2022 55:48


GUEST OVERVIEW: Tim Price is the manager of the VT Price Value Portfolio, a fund investing in Benjamin Graham-style value stocks, and specialist value funds, from around the world. Tim also writes regularly for MoneyWeek magazine and The Spectator.

El podcast de El Club de Inversión
148 -

El podcast de El Club de Inversión

Play Episode Listen Later Jul 1, 2022 15:10 Transcription Available


Hoy te traigo el resumen del libro Acciones Ordinarias y Beneficios Extraordinarios de Philip Fisher. Aprenderás cómo analizar empresas desde un punto de vista cualitativo de las mismas.Conocerás la filosofía de su autor y que tan buenos resultados le proporcionó.★☆★ ENLACES MENCIONADOS EN EL VIDEO ►RESUMEN

Literacy Kings: Financial Literacy, Entrepreneurship, Money, and Books with the homies
Billionaire Warren Buffett Calls THIS Book "A Road Map For Investing" | Book Review

Literacy Kings: Financial Literacy, Entrepreneurship, Money, and Books with the homies

Play Episode Listen Later Jun 23, 2022 9:40


Episode Overview The Book: Security Analysis "A road map for investing that I have now been following for 57 years." --From the Foreword by Warren E. Buffett First published in 1934, Security Analysis is one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd. As relevant today as when they first appeared nearly 75 years ago, the teachings of Benjamin Graham, “the father of value investing,” have withstood the test of time across a wide diversity of market conditions, countries, and asset classes. Reviewed By: Dr. DeWitt Scott

One Minute Retirement Tip with Ashley
Do Something: Put Cash To Work

One Minute Retirement Tip with Ashley

Play Episode Listen Later Jun 4, 2022 4:01


The theme this week on the Retirement Quick Tips Podcast is: Don't Just Sit There. Do Something! If you can do something proactive other than just sitting on your hands and hoping that the markets turn around soon, you'll be better able to get through this difficult time while keeping your long term investment strategy intact.  Today, I'm talking about one of the smartest and at the same time toughest things you can do during a down market - put your cash to work. With inflation so bad right now, cash is dead money, and bargains exist with high quality investments. It's important to be discerning here and be able to tell the difference between a good quality investment that's been dragged down and will recover, and an investment that will stay underwater when the turnaround finally occurs. I talked about this at length earlier this week when I talked about selling your dogs, so I won't go into detail here. But if you're like many Americans, you are probably holding on to some cash that isn't earmarked for any specific purchases in the next year or 2, and would be better off investing that. Some of the wealthiest investors in the world capitalize on downturns to snap up bargains to grow their wealth.  Benjamin Graham once said: “The intelligent investor is a realist who sells to optimists and buys from pessimists.” If you are holding cash, now is a great time to start putting it to work. Let's say, for example, that you have $100,000 in cash or short-term investments that need to be invested in stocks. [Explain DCA strategy]. When you trickle the cash in gradually over many months, you'll take advantage of market volatility without trying to perfectly time the market, which is a fool's errand. That's it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.  ---------- >>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP >>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs >>> Visit the podcast page: https://truenorthra.com/podcast/  ---------- Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance

Recargatucartera
#65 Sesgo de confirmación en las inversiones

Recargatucartera

Play Episode Listen Later May 19, 2022 11:56


Sesgo de confirmación en las inversiones Es la tendencia que tenemos los seres humanos a buscar interpretar y recordar la información que confirma nuestras creencias o nuestros pensamientos, también nuestras hipótesis en la mente. El ser humano necesita reafirmarse y generar confianza en lo que cree, entonces de una manera sesgada va buscando esa información que confirma y reafirma lo que verdaderamente está pensando. Me paso con las inversiones, hace muchos años yo tenía la creencia que Warren Bufett este gran inversionista apodado el oráculo de Omaha, invertía con el fundamentalismo de su maestro Benjamin Graham. Te dejo el enlace del taller de inversiones: Modulo 1 de taller de inversiones https://recargatucartera.com/cursos/taller-de-inversiones-modulo-1/ Modulo 2 de taller de inversiones https://recargatucartera.com/cursos/taller-de-inversiones-modulo-2/ Modulo 3 de taller de inversiones https://recargatucartera.com/cursos/taller-de-inversiones-modulo-3/ MIS LIBROS Te quiero comentar que ya esta a la venta mi audiolibro recargatucartera puedes comprarlo en el siguiente enlace: Audio libro Recargatucartera https://recargatucartera.com/cursos/audio-libro-recargatucartera/ Ebook Recargatucartera https://recargatucartera.com/libro Libro El espejo de la pobreza https://recargatucartera.com/Elespejodelapobreza Conoce mi Historia https://linktr.ee/recargatucartera --- Send in a voice message: https://anchor.fm/roberto-medina-martinez/message

1號課堂
【丁學文的財經世界】EP80|道瓊狂瀉千點!美國股市帶來什麼警訊?/睽違三年,三萬人擠爆巴菲特實體股東大會/經濟學人:穿戴裝置量測的7500項數據如何讓你活得更久

1號課堂

Play Episode Listen Later May 10, 2022 15:43


(00:01:09) 道瓊狂瀉千點!美國股市帶來什麼警訊? (00:07:04) 睽違三年,三萬人擠爆巴菲特實體股東大會 (00:12:52) 經濟學人:穿戴裝置量測的7500項數據如何讓你活得更久

We Study Billionaires - The Investors Podcast
Classic 13: Security Analysis

We Study Billionaires - The Investors Podcast

Play Episode Listen Later May 3, 2022 43:46 Very Popular


IN THIS EPISODE, YOU'LL LEARN:02:38 - Why Security Analysis is one of Warren Buffett's three favorite books.11:49 - Real case studies where Warren Buffett has directly applied skills acquired from Security Analysis.13:05 - The highlights for each of the 7 major parts in Security Analysis.30:08 - The difference in opinion between Benjamin Graham and Warren Buffett when it comes to dividends.*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESPreston & Stig's book, Security Analysis (100 Page Summary) – Read reviews of this book.Benjamin Graham's book, Security Analysis – Read reviews of this book.Benjamin Graham's book, The Intelligent Investor – Read reviews of this book.Philip Fisher's book, Common Stocks and Uncommon Profits – Read reviews of this book.Adam Smith's book, The Wealth of Nations – Read reviews of this book.Preston and Stig's, Video Lessons.Preston, Trey & Stig's tool for picking stock winners and managing our portfolios: TIP Finance Tool.Get in early on medical technology, breakthroughs in ag tech and food production, solutions in the multi-billion dollar robotic industry, and so much more with a FREE OurCrowd account. Open yours today.Find Pros & Fair Pricing for Any Home Project for Free with Angi.Invest in the $1.7 trillion art market with Masterworks.io. Use promo code WSB to skip the waitlist.Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.Buying or selling Gold is as easy as buying a stock with Vaulted. No minimum investment required.Discover how leading companies, from cloud-native startups to global enterprises, are automating, simplifying and optimizing their cloud infrastructure with Spot by NetApp.Get the most from your bitcoin while holding your own keys with Unchained Capital. Begin the concierge onboarding process on their site. At the checkout, get $50 off with the promo code FUNDAMENTALS.Provide future financial protection to the people who matter most to you with the help of TD Term Life Insurance.Live local in Melbourne and enjoy $0 Stamp Duty*!The interval fund, a breakthrough innovation. Only at Mackenzie.Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with Avast One.Invest in crypto and trade it without tax headaches with AltoIRA.Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Gain the skills you need to move your career a level up when you enroll in a Swinburne Online Business Degree. Search Swinburne Online today.Design is already in your hands with Canva. Start designing for free today.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Americana Partners
Stay Invested -April 2022 Market Commentary

Americana Partners

Play Episode Listen Later May 3, 2022 45:21


Melissa Giles, Director of Portfolio Management with Americana Partners presents the Monthly Market Commentary as written by, David M Darst, Chief Investment Officer with Americana Partners.  Any charts/graphs referenced are available in print format and may be provided at your request. David is currently the Chief Investment Officer for Americana Partners. David served for 17 years as a Managing Director and Chief Investment Strategist of Morgan Stanley Wealth Management, with responsibility for Asset Allocation and Investment Strategy; was the founding President of the Morgan Stanley Investment Group; and was founding Chairman of the Morgan Stanley Wealth Management Asset Allocation Committee. After 2014, he served for several years as Senior Advisor to and a member of the Morgan Stanley Wealth Management Global Investment Committee. He joined Morgan Stanley in 1996 from Goldman Sachs, where he held Senior Management posts within the Equities Division and earlier, for six years as Resident Manager of their Private Bank in Zurich. David is the Author of twelve books: (i) The Complete Bond Book (McGraw-Hill); (ii) The Handbook of the Bond and Money Markets (McGraw-Hill); (iii) The Art of Asset Allocation, Second Edition (McGraw-Hill); (iv) Mastering the Art of Asset Allocation (McGraw-Hill); (v) Benjamin Graham on Investing (McGraw-Hill); (vi) The Little Book that Saves Your Assets (John Wiley & Sons), which was ranked on the bestseller lists of The New York Times and Business Week; (vii) Portfolio Investment Opportunities in China (John Wiley & Sons); and (x) Portfolio Investment Opportunities in Precious Metals (John Wiley & Sons). His works have been translated into Chinese, Japanese, Russian, German, Korean, Italian, Indonesian, Norwegian, Romanian, and Vietnamese. Seapoint Books published David's eleventh book in 2012 , Voyager 3, containing his creative writing, and in 2016, his twelfth book, Flim-Flam Flora, a children's book coauthored with his daughter. David appears as a frequent guest on CNBC, Bloomberg, FOX, PBS, and other television channels, and has contributed numerous articles to Barron's Euromoney, The Money Manager, Forbes.com, The Yale Economic Review, and other publications. He has broadcast and written extensively on asset allocation in the Morgan Stanley biweekly Investment Strategy and Asset Allocation Commentary and in the Firm's Wealth Management monthly publication, Asset Allocation and Investment Strategy Digest, the predecessors of which he launched in 1997. David attended Father Ryan High School in Nashville, Tennessee, graduated from Phillips Exeter Academy, was awarded a BA degree in Economics from Yale University, and earned his MBA from Harvard Business School. David serves on the Investment Committee of the Phi Beta Kappa Foundation and the Advisory Boards of the George Washington Institute for Religious Freedom and the Black Rock Arts Foundation. David has lectured extensively at Wharton, Columbia, INSEAD, and New York University Business Schools, and for nine years, David served as a visiting faculty member at Yale College, Yale School of Management, and Harvard Business School. In November 2011, David was inducted by Quinnipiac University in their Business Leaders Hall of Fame. David is a CFA Charterholder and a member of the New York Society of Security Analysts and the CFA Institute. Join Our Distribution List – For a full copy of our report. Americana Partners - https://www.americanapartners.com/contact/ Americana Partners Website - https://www.americanapartners.com/ Linked In - https://www.linkedin.com/company/americana-partners/ Spotify - https://open.spotify.com/show/3rX19ND89pwEob9efsFNNF iTunes - https://podcasts.apple.com/us/podcast/americana-partners/id1496186853 Google Podcasts - https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkLnBvZGJlYW4uY29tL2FtZXJpY2FuYXBhcnRuZXJzL2ZlZWQueG1s?sa=X&ved=0CAYQrrcFahcKEwj4gZrR_OnwAhUAAAAAHQAAAAAQAg   Disclosures Americana Partners, LLC is registered as an investment adviser with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser does not constitute an endorsement of the firm by securities regulators nor does it indicate that the adviser has attained a particular level of skill or ability. A copy of Americana Partners' current written disclosure brochure filed with the SEC which discusses among other things, Americana Partners' business practices, services and fees, is available through the SEC's website at: www.adviserinfo.sec.gov. The tax and legal information contained in this newsletter is general in nature. It should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Foreign securities, foreign currencies, and securities issued by U.S. entities with substantial foreign operations can involve additional risks relating to political, economic, or regulatory conditions in foreign countries. These risks include fluctuations in foreign currencies; withholding or other taxes; trading, settlement, custodial, and other operational risks; and less stringent investor protection and disclosure standards in some foreign markets. All of these factors can make foreign investments, especially those in emerging markets, more volatile and potentially less liquid than U.S. investments. In addition, foreign markets can perform differently from the U.S. market. Investing involves certain risks, including possible loss of principal. You should understand and carefully consider a strategy's objectives, risks, fees, expenses and other information before investing. The views expressed in this commentary are subject to change and are not intended to be a recommendation or investment advice. Such views do not take into account the individual financial circumstances or objectives of any investor that receives them. The strategies described herein may not be suitable for all investors. There is no guarantee that the adviser will meet any of its investment objectives. All indices are unmanaged and are not available for direct investment. Indices do not incur costs including the payment of transaction costs, fees and other expenses. This information should not be considered a solicitation or an offer to provide any service in any jurisdiction where it would be unlawful to do so under the laws of that jurisdiction. Past performance is no guarantee of future results. It is not possible to invest directly in an index. Exposure to an asset class represented by an index is available through investable instruments based on that index. The S&P 500® Index is a widely recognized, unmanaged index of 500 common stocks which are generally representative of the U.S. stock market as a whole. The Nasdaq Composite® Index is the market capitalization-weighted index of over 2,500 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks, as well as limited partnership interests. The EAFE® Index is a stock index offered by MSCI that covers non-U.S. and Canadian equity markets. It serves as a performance benchmark for the major international equity markets as represented by 21 major MSCI indices from Europe, Australasia, and the Middle East. The EAFE® Index is the oldest international stock index and is commonly called the MSCI EAFE Index. The Russell 2500® is a market-cap-weighted index that includes the smallest 2,500 companies covered in the broad-based Russell 3000 sphere of United States-based listed equities. All 2,500 of the companies included in the Index cover the small- and mid-cap market capitalizations. The Russell 1000® Growth Index is an unmanaged index that measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® Index companies with higher price-to-book ratios and higher forecasted growth values. The CBOE Volatility Index (VIX) is a measure of expected price fluctuations in the S&P 500 Index options over the next 30 days. The VIX is calculated in real time by the Chicago Board Options Exchange (CBOE). P/E or Price to Earnings ratio is indicates the dollar amount an investor can expect to invest in a company in order to receive one dollar of that company's earnings. The Consumer Confidence Survey® reflects prevailing business conditions and likely developments for the months ahead. The Manufacturing Business Outlook Survey is a monthly survey of manufacturers in the Third Federal Reserve District; Participants indicate the direction of change in overall business activity and in the various measures of activity at their plants: employment, working hours, new and unfilled orders, shipments, inventories, delivery times, prices paid, and prices received. The ISM manufacturing index, also known as the purchasing managers' index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. The Composite Index of Leading Indicators, otherwise known as the Leading Economic Index (LEI), is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. A bond rating is a letter-based credit scoring scheme used to judge the quality and creditworthiness of a bond. The option adjusted spread (OAS) measures the difference in yield between a bond with an embedded option, such as an MBS or callables, with the yield on Treasuries. Mean reversion, in finance, suggests that various phenomena of interest such as asset prices and volatility of returns eventually revert to their long-term average levels. A meme stock is a security that has seen an increase in trading volume after going viral on social media or an online forum. This document may contain forward-looking statements relating to the objectives, opportunities, and the future performance of the U.S. market generally. Forward looking statements may be identified by the use of such words as; “believe,” “expect,”“anticipate,”“should,”“planned,”“estimated,”“potential”and other similar terms. Examples of forward-looking statements include, but are not limited to, estimates with respect to financial condition, results of operations, and success or lack of success of any particular investment strategy. All are subject to various factors, including, but not limited to general and local economic conditions, changing levels of competition within certain industries and markets, changes in interest rates, changes in legislation or regulation, and other economic, competitive, governmental, regulatory and technological factors affecting a portfolio' operations that could cause actual results to differ materially from projected results. Such statements are forward-looking in nature and involve a number of known and unknown risks, uncertainties and other factors, and accordingly, actual results may differ materially from those reflected or contemplated in such forward-looking statements. Prospective investors are cautioned not to place undue reliance on any forward looking statements or examples. This material is proprietary and may not be reproduced, transferred, modified or distributed in any form without prior written permission from Americana Partners. Americana Partners reserves the right, at any time and without notice, to amend, or cease publication of the information contained herein. Certain of the information contained herein has been obtained from third-party sources and has not been independently verified. It is made available on an "as is" basis without warranty. Any strategies or investment programs described in this presentation are provided for educational purposes only and are not necessarily indicative of securities offered for sale or private placement offerings available to any investor. The mention of any individual security should not be construed as a recommendation to buy or sell that security.