Is Cloning the Best Stock Market Strategy that Exists?

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New Money

New Money

Күн бұрын

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Mohnish Pabrai has always studied the likes of Warren Buffett, and Charlie Munger, and it was the late Charlie Munger that inspired one of the biggest 'aha' moments in Mohnish's investing career. Today, we look into the process of cloning, and how it can be a huge edge for value investors.
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★ ★ CONTENTS ★ ★
0:00 Pabrai's 'Aha' Moment from Charlie Munger
2:00 Mohnish's Secret Weapon
5:37 The Gas Station Analogy
7:20 The Tesla Example
8:20 The Secret to Business Success
11:04 The 13F Filing
12:10 Copying Warren Buffett
13:12 The Risks
My Podcast: / theyounginvestorspodcast
Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative (Number 1305795) of Guideway Financial Services Pty Ltd, AFSL Number 420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it's appropriate for you. Read Brandon's Financial Services Guide available from guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns.
Contact email: hello@newmoney.contact
Note: I do not have the ability to answer all emails, but know that each email is read. If enquiring about sponsorship, New Money is currently only seeking sponsorship from established brands.

Пікірлер: 208
@NewMoneyYouTube
@NewMoneyYouTube Ай бұрын
Get a 7-day free trial and 40% off Blinkist Annual Premium by clicking bit.ly/NewMoneyJun24 or by scanning the QR code.
@Gid-J
@Gid-J Ай бұрын
You guys need to stop using the word "cloning" cloning is a very specific thing, just use "copying".
@Jennyuk1
@Jennyuk1 4 күн бұрын
Honestly, this concerns me and has left me uneasy. Especially this potential depression, no more a recession. I'm unsure about my $130K account strategy, considering the uncertainty of this whole recession mostly.
@kigletmary56
@kigletmary56 4 күн бұрын
If you lack knowledge about market investing tactics, get advice from a financial counselor.
@gracegomez109
@gracegomez109 4 күн бұрын
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
@priyankamahatma6672
@priyankamahatma6672 4 күн бұрын
I could really use the expertise of this advsors.
@gracegomez109
@gracegomez109 4 күн бұрын
Her name is 'BONITA JEANETTE RODRIGUEZ’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@priyankamahatma6672
@priyankamahatma6672 4 күн бұрын
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks
@hersdera
@hersdera Ай бұрын
I like investing in close-end funds that pay monthly dividends. The trick is to hold long term and reinvest the monthly dividends plus buy more shares on a monthly basis or when ever you can afford to. This can be easily done because close-end funds are bought and sold on the stock market just like regular stock. That’d be enough to create a portfolio that would pay you between $50k to $70k in dividend income
@ScottKindle-bk3hx
@ScottKindle-bk3hx Ай бұрын
Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional
@HectorWhitney
@HectorWhitney Ай бұрын
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
@EddyAgnes-vy4kp
@EddyAgnes-vy4kp Ай бұрын
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from Melissa.
@richardhudson1243
@richardhudson1243 Ай бұрын
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
@MartinSwider
@MartinSwider 22 күн бұрын
Fuck of scammer! Same AI bullshit, same senteces under every financial video...
@ThomasBrackett-tp2xe
@ThomasBrackett-tp2xe 20 күн бұрын
Dividend investing is most effective when approached with a long-term perspective. While dividends can provide immediate income, the true power lies in the compounding effect over many years. I'm still looking for companies to make additions to my $350K portfolio, to boost performance. Here for ideas...
@michaeldavid6040
@michaeldavid6040 20 күн бұрын
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown.
@ClaudiaSchreiber-b1p
@ClaudiaSchreiber-b1p 20 күн бұрын
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K
@NatalieFormor
@NatalieFormor 20 күн бұрын
impressive gains! how can I get your advlsor please, if you dont mind me asking? I could really use a help as of now
@ClaudiaSchreiber-b1p
@ClaudiaSchreiber-b1p 20 күн бұрын
Elisse Laparche Ewing is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@CarlShanklin
@CarlShanklin 20 күн бұрын
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
@sarawilliam696
@sarawilliam696 29 күн бұрын
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my inherited portfolio of about $2.5m. I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
@KaurKhangura
@KaurKhangura 29 күн бұрын
True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.
@Justinmeyer1000
@Justinmeyer1000 29 күн бұрын
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
@foden700
@foden700 29 күн бұрын
Impressive can you share more info?
@Justinmeyer1000
@Justinmeyer1000 29 күн бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@foden700
@foden700 29 күн бұрын
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
@Vivienedouglass
@Vivienedouglass Ай бұрын
As an lnvesting enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
@Jamesjerome0
@Jamesjerome0 Ай бұрын
well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
@victoriaabott
@victoriaabott Ай бұрын
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
@Owenra
@Owenra Ай бұрын
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out
@victoriaabott
@victoriaabott Ай бұрын
@@Owenra MICHELE KATHERINE SINGH is a hot topic even among financial elitist . Just browse, you’d find her, thank me later.
@Owenra
@Owenra Ай бұрын
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
@RickWatson-xu6gw
@RickWatson-xu6gw 29 күн бұрын
Meanwhile, I’ve been saving for a long time instead of investing, and now I have about $516k. With inflation, I’m unsure how to grow it into something substantial for retirement. Looking for ideas.
@judynewsom1902
@judynewsom1902 29 күн бұрын
I am in the same boat. I am 61 and I have half that amt in CDs. No car or credit card payments. Home to be paid off next year May/June. I had a wake up call in 2020. So started being frugal since then. And started saving 20 percent of income every month in mutual funds.
@benitabussell5053
@benitabussell5053 29 күн бұрын
Before making any investing decisions, it is advisable that you consult with a qualified financial counsellor. Just my two cents.
@Armstrong741
@Armstrong741 29 күн бұрын
Investing is more than watching KZbin Videos and reading quarterly reports. Learnt this from reading Peter Lynch's book. They are people who do this for a living, use them to save yourself from the hassle. That's how I make money from the market to be honest.
@RickWatson-xu6gw
@RickWatson-xu6gw 29 күн бұрын
I've been getting suggestions to use a market expert too, but where and how to find one has been challenging, Can i reach out to the one you use?
@Armstrong741
@Armstrong741 29 күн бұрын
*Sharon Lynne Hart* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
@TaggeGust
@TaggeGust Ай бұрын
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
@masterotrunks
@masterotrunks Ай бұрын
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
@aarizphilip
@aarizphilip Ай бұрын
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
@ForwardMozell
@ForwardMozell Ай бұрын
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
@bennettross1
@bennettross1 Ай бұрын
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
@TaggeGust
@TaggeGust Ай бұрын
she's mostly on Instagrams, using the user name
@danmchardy6424
@danmchardy6424 Ай бұрын
I had the pleasure to meet Monish at the CFA UK society on Wednesday - he is an incredible man and truly offered some of the greatest investing wisdom I've ever heard in just less than an hour. On his birthday no less!
@ianmackenzie8831
@ianmackenzie8831 Ай бұрын
One of my worst mistakes was blindly cloning Charlie Munger's bet on Alibaba. That did not work well and taught me the lesson you explain here.
@dylantrudgett1779
@dylantrudgett1779 Ай бұрын
Me FR. Still holding 😢. I’m like Homer with the pig “it’s still good, it’s still good.”
@ianmackenzie8831
@ianmackenzie8831 Ай бұрын
@@dylantrudgett1779 I did that with Blackberry. Kept thinking their real-time operating system with excellent security was going to save them. Nope.
@rm3141593
@rm3141593 Ай бұрын
Yes, me too!! (And a big Simpsons fan, at least the classic episodes 😅). It's still good.... 😢
@wholeNwon
@wholeNwon 26 күн бұрын
Your lesson should be that black swans aren't really rare events. Index broadly and cheaply then walk away. Don't try to follow Buffett. Just buy BRK instead. Save yourself time and don't bother looking in the rearview mirror with 13F's
@Mrmistershesh
@Mrmistershesh Ай бұрын
This is how it works in science too. We read publications to learn from our peers, test their ideas, and improve on them iteratively if possible :)
@kt6332
@kt6332 Ай бұрын
There are no original thought left. If it works use it!
@martincuda7947
@martincuda7947 Ай бұрын
I laughed so hard when it was obvious that the best cloner in the world is China and they have done so well
@MrMasterDebate
@MrMasterDebate Ай бұрын
I never understood why people thought chinas copying was bad tbh
@famicomnintendo
@famicomnintendo Ай бұрын
@@MrMasterDebate because they steal industrial secrets and use a massive network of espionnage to copy everything from cars to luxury items to weapons and military systems. The last two are the most senstive issues
@johnchan9392
@johnchan9392 Ай бұрын
One of the main reason why the Chinese copy everything because of the final product costs. Most people in the world can’t afford 1500.00 to 2000.00 USD iPhone and S24 devices (for example). To cater to the less fortunate population, clones are made with cheaper parts, and at lower costs. This way everyone can enjoy the latest features; just at different price point levels.
@Gibsonrocker89
@Gibsonrocker89 Ай бұрын
​@@johnchan9392I live in the US and I have a cheap android that looks like an iPhone lol. It's a Blackview and for $100 it does everything any other phone does. $2k should be used for a car down payment, not a sweat shop Apple product made in the same kind of clone factory.
@xDomRat
@xDomRat Ай бұрын
I remember me cloning Verizon from Buffet. Still holding it -20%. Buffet sold I guess right the next quarter.
@ogunkazel8716
@ogunkazel8716 Ай бұрын
🤦
@alessandroguglielmina1308
@alessandroguglielmina1308 Ай бұрын
I try to copy just the first 5-6 position of Warren Buffett portfolio, because I'm pretty sure it's his decision. Otherwise it may be Comb or Wels her buying those stocks...
@wholeNwon
@wholeNwon 26 күн бұрын
@@alessandroguglielmina1308 Why not just buy BRK like most people?
@richm34
@richm34 Ай бұрын
Great video! Cloners are usually very smart people and ruthlessly hard workers. They take an idea and mold it to make something of their own.
@destinyadam1868
@destinyadam1868 Ай бұрын
Very insightful video!
@micheleventurini1769
@micheleventurini1769 Ай бұрын
Great video. Love this kind of analysis. And It's always great to learn from Mohnish!
@thomasgirard41
@thomasgirard41 Ай бұрын
Very interesting! Thanks a lot for your shares
@matturner8
@matturner8 29 күн бұрын
Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!
@Johnlarry12
@Johnlarry12 29 күн бұрын
Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .
@KevinClarke9
@KevinClarke9 29 күн бұрын
Undeniably factual. Despite my absence of prior investing acumen, I ventured into investments pre-pandemic and managed to amass a profit of about $450k within that year. Essentially, I solely relied on professional counsel.
@JordanPortales
@JordanPortales 29 күн бұрын
Lately, I've been researching advisors, but the market updates I've encountered haven't been very positive. Who's your guide?
@KevinClarke9
@KevinClarke9 29 күн бұрын
Finding financial advisors like Carol Vivian Constable who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
@JordanPortales
@JordanPortales 29 күн бұрын
I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.
@hagi2013
@hagi2013 Ай бұрын
Very good video, opened my mind . Thanks so much:).
@johnnyhala
@johnnyhala Ай бұрын
"Early bird gets the worm... But the second mouse gets the cheese."
@giovannip8600
@giovannip8600 Ай бұрын
great video ! really good and engaging storytelling keep it up!
@troyfrazer8653
@troyfrazer8653 Ай бұрын
I have always said “R & D” (research and development) really stands for “Rob and Duplicate”
@rynetmaxwell
@rynetmaxwell Ай бұрын
Love this type of content Brandon
@sylversoul88
@sylversoul88 Ай бұрын
Very insightful, thanks
@ismailjankara6330
@ismailjankara6330 Ай бұрын
Fantastic video as always.
@ellinorpettersson
@ellinorpettersson Ай бұрын
Great video!
@goobda_
@goobda_ Ай бұрын
Have you seen a pod with Mohnish on My First Million? It suggests he's open to interviews/podcasts. You should go after him
@NewMoneyYouTube
@NewMoneyYouTube Ай бұрын
Yeah that was an epic interview! I try to reach out semi-regularly but nothing yet.
@goobda_
@goobda_ Ай бұрын
@@NewMoneyKZbin Thanks for trying
@AussieZeKieL
@AussieZeKieL Ай бұрын
@@NewMoneyKZbintry some smaller Aussie fish first. Geoff Wilson is always down for a chat. He’d say yes.
@John_Mind
@John_Mind Ай бұрын
The Model 3 copying felt like a private joke to one of your friends 😂😂
@SmartMoneyBro
@SmartMoneyBro Ай бұрын
Cloning is a form of INNOVATION. The 2nd player in a space is ALWAYS the winner in a space.
@fairfateinvesting
@fairfateinvesting Ай бұрын
absolutely, read their books and take their insights. one book changed my returns and strategy forever
@vexxatuvxx
@vexxatuvxx Ай бұрын
I love this content
@burwin74
@burwin74 Ай бұрын
Literally currently readying the education of the intelligent investor 😅 and it was talking about this and the meal
@Hyper1555
@Hyper1555 Ай бұрын
Exactly my thoughs! Very nice video! Why would I try to come up with investment strategies don't would take 30 years of trying to find out, when I have proven professionals from whom I can learn from?! Currently going for the buy quality when sentiment is bad Looking at you magnificent 7 from which I almost had them all and lasty I bought more Google due to it being a bit lacking in value and sentiment which had made returns almost impossible in such a short run!
@chkee17
@chkee17 Ай бұрын
China has demonstrated the efficacy of this cloning technique.
@riteshk9879
@riteshk9879 Ай бұрын
I usually look at top performing funds for cloning ideas
@edgaralvarez90
@edgaralvarez90 Ай бұрын
The whole Chinese economy summarised
@jrkastl
@jrkastl Ай бұрын
I learned to do many things by copying those who I respected. Writing especially. Later, launched 3 companies by cloning. Don't reinvent the wheel, just make it better.
@NewMoneyYouTube
@NewMoneyYouTube Ай бұрын
It's definitely a great business/investing hack
@hyrog7795
@hyrog7795 4 күн бұрын
I haven't published anything but I did do quite a lot of research on copying exact 13F of some top performers since 2000, and even with the 45 delay it significantly outperforms the market on the periods that the investors did
@talosgak1236
@talosgak1236 Ай бұрын
Ok but how did all the companies you mentioned as an example get their start? It was definitely not cloning
@spockterwho
@spockterwho Ай бұрын
Pretty much every great Japanese company -- Sony (with TVs & Audio), Toyota (obvious), knives & steel, video games ... it goes on.
@satbirsingh4874
@satbirsingh4874 29 күн бұрын
Is there anything similar to 13F filings in Australia?
@hugomeza2910
@hugomeza2910 Ай бұрын
You and Hamish Hoddor clone each other 😂 in a few days Hamish will release this same video
@NewMoneyYouTube
@NewMoneyYouTube Ай бұрын
hahaha we chat each week about content, and occasionally there are topics that we both want to cover
@Seanniemike223
@Seanniemike223 Ай бұрын
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 20k in last month 2024..
@adeizaabdul881
@adeizaabdul881 Ай бұрын
Wow that's huge, how do you make that much monthly?
@Seanniemike223
@Seanniemike223 Ай бұрын
I will mention and recommend Leah Thompson. I met her at a conference in 2018 and we have been working together ever since.
@RealVincentChan
@RealVincentChan Ай бұрын
For me with insights from Leah Thompson. I prefer to invest in large capitalization companies that generate €178,000 per month, have large cash flows and strong balance sheets. Some of them are AAPL, MSCI, IUKD, VHYL, SCHD, NDA and Barclays.
@couturekerry
@couturekerry Ай бұрын
I have never heard any of Miss Leah’s clients complain of loss. she really is perfect.
@sarahwest6170
@sarahwest6170 Ай бұрын
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional..
@venil82
@venil82 Ай бұрын
Totally disagree on his stance on MSFT, windows a copy of mac??
@goobda_
@goobda_ Ай бұрын
It is
@venil82
@venil82 Ай бұрын
@@goobda_ nowhere near
@realestalex2728
@realestalex2728 Ай бұрын
I am pretty sure that companies do not avoid copying concepts out of pride, they only do it when the are sure they will not incur expensive legal fees
@helgi.0
@helgi.0 16 күн бұрын
Brilliant
@larrygerry985
@larrygerry985 Ай бұрын
To an extent, he is right. However, mindless copying also leads to loses.
@timothyvanderlaan6566
@timothyvanderlaan6566 Ай бұрын
I think it would be interesting to see a video about the influence of CPI over a decade i.e. a moving average :) After such a long period of high inflation do you think banks would drop rates as soon as they pass/approach 2?
@papapickett7267
@papapickett7267 Ай бұрын
Great video great advice. I do like to follow certain peoples investments and advice but I have a preferred type of stock that I target using certain metrics. That way I avoid Buffet Kraft Heinz and Dalio in China and other things like that. I use their ideas to begin investigations, I dont have the knowledge experience or time that they do but I let them point into beginning some investigations. I also prefer to do my own investing because if I lose money I can live with it being my own fault, I refuse to let someone else manage my money. Besides the natural conflict of interest of someone else investing MY money, I abhor the idea of paying someone else to lose my money. I can do that for free.
@Alpha_Q_up.
@Alpha_Q_up. Ай бұрын
Sawasdeekrap from Thailand.🙏
@watermenplumbingfiltration144
@watermenplumbingfiltration144 Ай бұрын
Because for some people it's about the journey, it's about the discovery, being original, creating something. It can be more fun without instructions, figuring it out.
@melvin6228
@melvin6228 Ай бұрын
Fun video, love the study you pointed out initially. Good that you mention the risks a bit at the end. Still I have the following to say. Confirmation bias and survivorship bias can occur strongly with the idea of copying. I don't think it's a bad idea, but your video just screams confirmation bias simply by looking at popular examples. The story is also a bit odd, do companies never copy? Shenzen is famous for it. Chinese companies clone all the time, don't you think they used Tesla's patents? I wouldn't know, but my guess is that some have seriously looked at them. I'd love to be proven wrong. In science people copy, obviously. That's the whole thing about science, copy, edit and make better. So it's not a bad idea. I just think that this video is too much playing into confirmation bias. This video would've been more interesting if you'd have looked at cases where copying would've gone wrong or even *more* interesting where copying would've gone wrong initially and right later.
@antilogism
@antilogism Ай бұрын
“Imitation is the sincerest form of flattery that mediocrity can pay to greatness.”---Oscar Wilde Oreo crushed Hydrox with their copy.
@tadakimasu
@tadakimasu Ай бұрын
The whole concept is really just getting inspired by the idea and making it your own. Some you may be confident in trying where you play with it and see if it works. Others not so and so you give it a pass. Like stocks there're an abundant number of ideas out there to follow and you just take swings at the high probabilities.
@isaacl6402
@isaacl6402 Ай бұрын
This video came out at an auspicious time for me. I’ve been looking at RH, a Warren buffet pick, which just dropped ~20% on earnings. I’m convinced the company has a great long term growth thesis. I know Berkshire sold out of their position, but in my opinion it’s because the market cap of RH at
@cesarsanchez9697
@cesarsanchez9697 Ай бұрын
Good artists borrow, great artists steal. So true. If it works you should do it. You don’t have to reinvent the wheel.
@linneasimchah1621
@linneasimchah1621 Ай бұрын
This reminds me of the 1995 movie Sabrina (Harrison Ford). The lowly chauffeur who drove around the wealthy titan who sometimes did business/investment deals in the backseat of the car by phone, would clone the trades and eventually became a millionaire by doing so. (This was blind cloning though, which this video wisely cautions against.)
@i_i8924
@i_i8924 Ай бұрын
Remember the guy who stole the Regular Coke formula and tried to sell it to Pepsi.. Pepsi told COKE and then the police 😆
@timothybancroft6579
@timothybancroft6579 Ай бұрын
Buffets scope is so large, could be problem too.
@Heathermacdonald470
@Heathermacdonald470 Ай бұрын
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Elizabeth Wesley.
@PerkinsSanders832
@PerkinsSanders832 Ай бұрын
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
@MattAiden223
@MattAiden223 Ай бұрын
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
@SophiaHannah32
@SophiaHannah32 Ай бұрын
You trade with Elizabeth Wesley too? Wow that woman has been a blessing to me and my family.
@DannyRodriguez158
@DannyRodriguez158 Ай бұрын
I'm new at this, please how can I reach her?
@MikeGlenn231
@MikeGlenn231 Ай бұрын
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
@lilidelage6088
@lilidelage6088 Ай бұрын
I most certainly clone and make it my own
@JamesTenniswood
@JamesTenniswood Ай бұрын
The 'not invented here' attitude
@jaimekatz6645
@jaimekatz6645 Ай бұрын
My cat is a copy cat and I'm pretty much her servant, so yes, copying works. 😂
@OsmarIsmail-pm9nm
@OsmarIsmail-pm9nm Ай бұрын
Theres no specif rules in stock trading. I just believe in banking on good high yielding profitable co's, and stay long.
@eddiemalvin
@eddiemalvin Ай бұрын
The same advice could be applied to most franchises. Why pay franchising fees when you can just copy their systems and tweak them just enough to avoid infringement?
@paulevans2246
@paulevans2246 Ай бұрын
Who are the best performing super investors over the last 10 years?
@jasonja1981
@jasonja1981 Ай бұрын
Who is an Australian super investor?
@Mike-ym6rl
@Mike-ym6rl Ай бұрын
Charlie Munger always promoted Costco and said that is the only stock one needs in a portfolio. He was right! If you compare COST vs BRK.A, Costco has outperformed Berkshire since Q2, 1992. Buffet always put down Munger in jest, but I believe he knows deep down that Munger was right.
@funnyperson4016
@funnyperson4016 Ай бұрын
You can clone the framework of successful investors like Buffett did with Graham until he knew it better than he did and improved upon it. There are books that make this a lot easier too.
@Discovery2024-rn8kn
@Discovery2024-rn8kn Ай бұрын
I fought in the Clone Wars, that count?
@JustInvestToday
@JustInvestToday Ай бұрын
Rip charlie munger!
@rajahua6268
@rajahua6268 28 күн бұрын
Apple is the best cloner, and called it their own!!
@rahulchowkekar
@rahulchowkekar Ай бұрын
Your animation in graphics are so amazing please make a video on Indian stock market in Hindi language explanation with the help of AI . Bombay stock exchange and National stock exchange
@richarddonald-gc9rb
@richarddonald-gc9rb Ай бұрын
I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.
@TonyRiley-qb7sw
@TonyRiley-qb7sw Ай бұрын
I only contribute 5% to get full company match, that’s it. The 401K plan is designed for you to work until you are about dead. Also, the government does not have their hands on it yet either.
@kendavies8351
@kendavies8351 Ай бұрын
My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.
@jasonleung8845
@jasonleung8845 Ай бұрын
Isn't plagiarism the biggest form of flattery? 😉
@afonsodeportugal
@afonsodeportugal Ай бұрын
Cloning makes perfect sense. We "clone" everyday when we turn on the lights, open the refrigerator or put on a sweater. Someone did that before. But it still works and it will probably keep working for a long time.
@TheGoldenrun
@TheGoldenrun 3 күн бұрын
Copying other investor's puböicly available portfolios is illegal and cheating?eh...no
@jondonron
@jondonron Ай бұрын
Smart people steal ideas from other people and tweak them into their own context That’s why so many people read books listen to podcast and read biographies
@quintongalane5960
@quintongalane5960 6 күн бұрын
I got burned with Alibaba due to cloning. 😆😆😆
@TraderPH
@TraderPH Ай бұрын
you find investing lessons with bald waluigi, u watch too much cnbc
@siggiAg86
@siggiAg86 Ай бұрын
I don’t really get the Aussi/New Zealand admiration of Pabrai. Yes he wrote a good book and he speaks well. But he’s probably not a great investor and hasn’t really performed that extra ordinary.
@ragsdilldiego61
@ragsdilldiego61 Ай бұрын
Can anyone explain AMS49X?
@NewMoneyYouTube
@NewMoneyYouTube Ай бұрын
Yes I can, it's a scam.
@mrtony1985
@mrtony1985 Ай бұрын
​@@NewMoneyKZbin🤣💀 roasted them
@brandonjensen5292
@brandonjensen5292 Ай бұрын
@@NewMoneyKZbinGOTTEM
@tHebUm18
@tHebUm18 Ай бұрын
6:54 Reminds me of Tesla trying to get legacy automakers to see the light on EVs. Released patents and everything and they still won't copy for the benefit of humanity. Edit: lol, paused to type this then hit play again to find that's exactly where Brandon went.
@michaelherrlich1536
@michaelherrlich1536 Ай бұрын
Buffet cloned Graham. We learn, we copy, we adapt. That's normal. Just don't clone Michael burry as he rolls over too much too often to clone that.
@awalton9024
@awalton9024 Ай бұрын
Copying and then improving is how Japan became one of the world's largest economies.
@thesequelvintage
@thesequelvintage Ай бұрын
So... reverse engineering repackaged lol
@wholeNwon
@wholeNwon 26 күн бұрын
Now here come all the trolls for one "investing" hack or another. To anyone who is contacting these people I can only say: Don't be so stupid.
@mr-iz8cx
@mr-iz8cx 13 күн бұрын
No real methodology explained. Clone but research your cloning. 12 minutes of platitudes
@jf5154
@jf5154 Ай бұрын
800mil I don't think so.. 24 percent from 1976 to 2024 on a million dollars... I'll let you do the math.. total BS
@mathewwilson9776
@mathewwilson9776 Ай бұрын
You say you are a value investor and own (a presumably concentrated position in) Tesla? Time to re-watch a few more hours of Mohnish 😂
@jackparrish5629
@jackparrish5629 Ай бұрын
Well, this is KZbin.
@mostbeautifulroads9789
@mostbeautifulroads9789 Ай бұрын
Funny as well that it seemingly eluded him WHY no one was/is interested in Teslas FSD for example: In almost every test of self driving capabilities Tesla is trailing the pack, mostly by a lot.
@jonathanwinston9958
@jonathanwinston9958 21 күн бұрын
Dude less talking in your vids
@inglese2996
@inglese2996 Ай бұрын
The Segway into a blinkist advert was jarring and boring. Unsubscribed.
@billyngwawa
@billyngwawa Ай бұрын
Pltr all the way! 3x in 1 year
@PhillCurtis
@PhillCurtis Ай бұрын
Is this channel running out of ideas? Who doesn't know about monish pabrai on this channel
@NewMoneyYouTube
@NewMoneyYouTube Ай бұрын
I guess I'll start cloning someone else's ideas 😏
@IamFelixIversen
@IamFelixIversen Ай бұрын
@@NewMoneyKZbin I liked the video, and I like that you cover Mohnish Pabrai
@PhillCurtis
@PhillCurtis Ай бұрын
@@NewMoneyKZbin The Swedish investor touches upon lots of investment books. A pretty decent channel to get a taste of different styles. If you need help with video ideas 💡 👍 And maybe take a gander at aswath damodaran. Pension craft, that channel has a lot of helpful videos on funds and bonds Vox markets channel in the UK has some interesting fund manager videos for stock ideas / improving knowledge Investors chronicle round tables are decent I find your videos look great but I guess fancy graphics only go so far. Sorry 👍
@Heavenlight100
@Heavenlight100 Ай бұрын
Clone wars
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