Happy Friday Everyone! For those of you that don't know, I have more investing content on this channel: kzbin.info/door/fCT7SSFEWyG4th9ZmaGYqQ Also, you can check out the qualtrim insights after joining the Patreon: www.patreon.com/josephcarlson Starting the past few days I have been uploading all videos to podcast as well, so check them out there if you want them in audio only. Also, one correction on this episode. Fund smith manages 36 billion, not 26.
@abhinaykumar2043 жыл бұрын
I like this kind of stuff. Thanks
@elsemuller24603 жыл бұрын
"Quality always outperformed the index" - around min.23 Smith showes us with a (rollin numbers) graph . Isn't this the thinking of Rob Arnott, one of the inventors of smart beta ETFs? He devolved an INDEX based on this thinking, focusing on the fundamentals of companies. I actually do not know if and how much he outperformes too, would have to do some research. What do you think about him and his strategies? Maybe you could make a follow up video about that topic. Greetings and thanks for your work.
@methos19993 жыл бұрын
Would be awesome if you could provide the link to his full presentation. Thanks!
@Sonia3holy3 жыл бұрын
When you say do nothing...are you still buying or not?
@yagamilighto123 жыл бұрын
When are you gonna wake up to TSLA? What's your bear case? It's an amazing company and an opportunity RIGHT NOW! but i could be wrong, time will tell
@pfuiteufel13853 жыл бұрын
This is the most insightful video on investing I have seen in a long time. Thank you, Joseph.
@Arthur_Kizito3 жыл бұрын
This could be the single most important investing video I have watched.
@wedsonolivia41033 жыл бұрын
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.
@jerrylee38873 жыл бұрын
I DISAGREE. DIVERSIFICATION IS A BIG MISTAKE FOR INVESTORS THAT HAVE CONVICTION FOR ONE GENERATIONAL COMPANY.
@horn12252 жыл бұрын
@@jerrylee3887 lmao what?? Yes type in all caps in makes you look so smart. You don't know anything about what you speak. Conviction doesn't help if you put all your eggs in one basket. Too much risk my dude
@jerrylee38872 жыл бұрын
@@horn1225 No risk. not reward
@horn12252 жыл бұрын
@@jerrylee3887lmao too much risk is how you get loss not profit. I see you're new to this. Go ahead risk away, I'll capitalize off it. Everything has risk but investing one company alone is about the highest risk you could take. Maybe balance that risk a bit bud
@horn12252 жыл бұрын
@@jerrylee3887 might as well just go gamble all your money at that point at that casino
@berndh.49373 жыл бұрын
Hey Joseph, great episode! I think you should link his video in the description though, as most if your video are clips of it.
@Xairos843 жыл бұрын
This is a great video and yet another one that highlights your thesis: teaching people how to market well. Your channel isnt just one that shouts "come to me for all the info" but rather one that says "let me teach you how to really look at things critically". Much appreciated.
@TradingLambo3 жыл бұрын
As a trader, I must say that point 3 of his strategy, "doing nothing" is actually the most important part of his strategy
@danguee13 жыл бұрын
I was a 'do nothing' guy for almost all of the last 12 years I've been seriously investing. Rode out every correction, didn't tinker with investments when 'running flat' for periods - or even trending down. Just made sure, with due diligence, that they were still sound/good to hold. Then came 2020. Stocks returned almost to trend by late May when I made the crucial mistake of thinking:" whoa - the global economy must surely have been boshed by the pandemic: everyone's locked up, supply chains will be decimated, people will be feeling poor, companies will surely not invest. Time to sell up/take profit". And I sold everything: Lots of great small cap funds, SE Asian tech, even lots of Fundsmith. And then, while sitting on cash, watched them go up and up and up and up.... What an horrendous mistake. Cost me £550k in lost growth - something from which I'll never recover.... So, yes: DO NOTHING. REPEAT: DO NOTHING.
@Philip88888882 жыл бұрын
and the most difficult. it is often why dead investors do better than living ones...
@GrindThisGame2 жыл бұрын
Great video. I like that 3 point rule set!
@thedoug41903 жыл бұрын
Great episode. I believe the bigger KZbin personalities you speak of actually do this kind of investing even with all their click bait thumb nails and trendy stocks they talk about but put most of their money in high quality companies and only a small percent in speculative trendy click bait stocks. It’s the old bait and make ad rev. strategy. Keep up the great work Joseph.
@Ieltsadvantage3 жыл бұрын
Excellent video.
@kevinomalley15213 жыл бұрын
Fantastic to see Terry Smith on here. "Invest in good companies, don't overpays, then do nothing." That's it, that's his strategy. His Smithson Fund is a good buy.
@greyhunter92873 жыл бұрын
Joseph, this was an exceptional video. I was wondering if you could do a short video on actually looking at some stocks in your portfolio and walking through his process on determining whether a company is a quality company and warning signs that you might look for. For instance, one of the things I like to look at is ROIC vs WACC. However, as I seek out quality businesses that I can hold for the long term I’m wondering if there isn’t a better way than the simple method I use. I think that would be a natural follow on to this video. Keep up the great work sir.
@tuchelbenrobert15952 жыл бұрын
One of the best content I've seen. Crypto is the best though I don't self trade but I still make my profit with the help of my broker till I'm sure I can start of self trading.
@khayonemphonbokamoso66432 жыл бұрын
@Patrick Johnson Obviously trading in crypto is very volatile and risky to trade that's the reason most investors trade with a professional broker
@ahmeteymen39552 жыл бұрын
Lack of trading discipline is the primary reason for intraday trading losses. it is estimated that nearly 80-85% of intraday traders end up losing money in the stock market Experiencing loss is also part of the game but that don't mean you should give up.
@ahmeteymen39552 жыл бұрын
I'm looking forward to investing in the crypto market. I am still trying to figure out how the entire thing works
@brandlyedward75522 жыл бұрын
@@ahmeteymen3955 His services are amazing. My first investment with Adrian Brayden Calebfx gave me a profit of over $250,000 ever since then he has been managing my portfolio so well.
@brandlyedward75522 жыл бұрын
with him you get to see forex trade from a different angle....
@Wisely_monk3 жыл бұрын
This has to be the single Best Financial Video Content of 2022 and the year just started.
@leagueplays21002 жыл бұрын
7:30 But you can buy low, sell high. You can make more money this way than just by holding forever.
@Coda18503 жыл бұрын
I thought I was going to see a picture of Pelosi & a video on Insider Trading.
@327efrain3 жыл бұрын
Lmao me too
@AfricanusKing3 жыл бұрын
She should managed a fund. Pelosi would put Cathie Wood to shame 😂
@elcristoph73803 жыл бұрын
The biggest confusion people have over P/E ratios is that they think a low P/E means its cheap or a high P/E means its expansive.. That's NOT what a P/E ratio is showing. P/E ratios are telling you how much people are prepared to pay for the company/stock, a growing P/E doesn't mean its getting more expansive, it means more and more people are prepared to pay a higher rate for the company because they feel its future value justifies it. on the flip side a shrinking P/E ratio is the market saying that investors are prepared to sell it at a lower and lower price as the future projected value of the company is dropping. The P/E ratio is prob one of the most misunderstood metrics in retail investing.. people basically fill their portfolio with companies believing that cheapness is good, its not. You have to pay to own quality items, and companies are no different.
@RCXDerp3 жыл бұрын
Ehhh there's a lot of multiple compression right now
@thegreat94812 жыл бұрын
Yes it does mean a stock is expensive. Price to earnings ratio is basic common sense math. How long can you get your money back if earnings remain the same on a per share basis? A p/e of 4 means it’ll take 4 years IF earnings remain the same. It can either get better, worst, or stay constant. It should be used as a quick measure, the lower the better but find out why. Please dont go around talking about P/E as if you were correct about it. I hope this recent drop made you eat your words.
@elcristoph73802 жыл бұрын
@@thegreat9481 See, your comment is a class example as to why you shouldn't get your investing advice from social media. Market price is a forward looking indicator (for the most part) P/E tells you how much over time people are prepared to pay for a company stock, or to what price traders are prepared to hold a company stock. The more the market values a companies future cashflow/growth the higher its P/E will go as people are prepared to pay a higher price. Now if you look at a company and you see its P/E is starting to drop, This is not a buying signal. This is a selling signal because the market is looking forward and does not see continuing value/growth. Now this might change in the coming financial reports but its better to remove risk and sit on the sidelines. Problem with your (pretty poor) understanding of P/E is this. If a companies forward looking value/grow is falling, ie becoming "cheap" what's the incentive to buy it? The market is actively telling you that people are selling it and are not prepared to hold it at that price. Now you can say you believe the market is wrong based on any number of factors, and that's fine.. but buying a company that the market doesn't want because you think its cheap is a dumb way to invest.. You shouldn't really be investing purely of P/E anyway, you trade it based of if you believe there are fundamentally strong reasons to raise the company price.. SO next time you're looking at a company and you see its P/E has been consistently dropping, do yourself a fav, and before you jump in because its "Cheap" ask yourself why.. why does no one want it.. The reverse of course applies.. if you see a low P/E ration that's growing and a price that's recently dropped from a high. This can be an indicator the market is showing interest.. so again, ask yourself why.. its been fun junior.. feel free to ask me any questions about trading or investing and Id be happy to help you out.
@thegreat94812 жыл бұрын
@@elcristoph7380 I didn’t even read. Peter lynch explained exactly what im saying and it makes sense. So if my explanation from one of the most successful fund managers words are wrong then you sir have an ego far beyond the seas. You’re wrong and will get corrected. It was painful seeing you talk as if you were right 😂 by your logic there is no overvalued stocks. Have a nice day
@elcristoph73802 жыл бұрын
@@thegreat9481 I've read Lynch's work and if you think he invested based purely on if the P/E ratio was low then you're a absolute fool.. And the fact you didnt even read what I said makes you an arrogant fool as well. Be humble and educate yourself.
@hakansahin42993 жыл бұрын
What Charlie Munger mentioned as "if you pay an expensive looking price" is probably not what you think expensive is lol
@ΟδυσσέαςΚουσανδας3 жыл бұрын
This
@juancarlosqr3 жыл бұрын
This is GOLD!!! 💰 This is what we are here for, keep it up!!
@anomanderrake86933 жыл бұрын
Perhaps the most interesting video about investing I have ever seen. Thanks for sharing Joseph!
@Blackdocks2 жыл бұрын
@joseph carlson whats the video of Terry smith ? where can I find it ?
@JackDuffley3 жыл бұрын
Once a fund gets to scale, it seems to make more sense to more often try to "buy a wonderful company at a fair price" rather than "a fair company at a wonderful price" since the latter typically are smaller, more illiquid securities that a large fund would likely have to completely buy out to move the fund's needle.
@eddiegutierrezjr62263 жыл бұрын
On a one to one scale from a personal brokerage fund to large scale fund, wouldn’t following the same principles translate to similar success?
@JackDuffley3 жыл бұрын
@@eddiegutierrezjr6226 loosely, yes. Though Buffett and Munger have said many times in the past about how "easy" it would be for them to make a million in the stock market if they were just starting out. Buffett made a killing with small, extremely undervalued "fair" companies before his fund got to the point where it made a lot more sense to simply focus on buying larger, wonderful businesses. The universe of meaningful opportunities for Buffett has decreased significantly. For example, Berkshire today wouldn't focus on, say, a $10 million textile company with more net current assets than its market cap because Berkshire has $100+ billion in cash to move. But a small investor might, and it can move that small portfolio's needle in a big way.
@VinnyJoeShow3 жыл бұрын
So good I had to watch it twice. Very insightful investing philosophy, great find thanks for sharing
@bartz44393 жыл бұрын
Phenomenal video! Way better than showing chart with +x from dividends MORE!!!!!!
@AntonioInvests3 жыл бұрын
This was a great episode 😁
@BradKaellner2 жыл бұрын
As a shameless cloner, I keep close tabs on Fundsmith equity fund, Fundsmith Emerging Equities Trust, and Smithson (small and mid caps) Don't underestimate the importance of Step 3: Do nothing!
@maiasalyamani3 жыл бұрын
Fabulous. I follow the same strategy. Thanks for the video
@sagig723 жыл бұрын
This is your best video to date Joseph. I learned TONS !! Take care man, love your channel.
@davec39743 жыл бұрын
As a side note, Terry's fund has almost perfectly replicated the Ishares MSCI World Quality Factor Index fund over the last few years. That is to say that there are cheap ETFs you can buy that will systematically give you exposure to the quality factor for the rest of your life. As another side note, quality has gone through several long periods when it has underperformed value.
@Paulie443 жыл бұрын
Are you referring to IWQU as the iShares MSCI World Quality Factor? I’m guessing IWQU is the accumulation version, or is there another?
@TrainTUF3 жыл бұрын
High quality episode👏 would love to link to the full Terry Smith video
@rokyericksonroks3 жыл бұрын
Carlson has lost a step, the video is evidence of it. He must go back to the basics that got him here.
@markliberatore63773 жыл бұрын
Dude. That was interesting as hell! Thanks. I've just been schooled.
@shapeofsoup3 жыл бұрын
I’m afraid a lot of inexperienced investors are going to take the wrong lesson from Terry Smith here. He’s not saying valuation doesn’t matter. It absolutely does, and it’s still a fundamental part of his vetting process. So much more of this summation is semantics than I think a lot of folks realize. Smith is as much a value investor as Buffett, Munger, Lynch, etc. The difference is-at its core-simply a qualitative tilt. Damodaran addresses the broad misuse of PE as a valuation metric in a different but still very compelling way. It’s effectively useless from a macro perspective, and that’s a hard thing for folks who don’t understand business fundamentals to let go of. Valuation isn’t a static calculation; it’s trend based prediction *and* capitalization of mean reversion.
@xdman200052 жыл бұрын
Well said
@andy-pd4eh3 жыл бұрын
Smith's approach is genius. We are investors in his fund. Good analysis Mr. Carlson. Everybody should watch his annual meetings - all of which are on youtube.
@JOSEPHELBOSS3 жыл бұрын
this video was so eye opening, i can't believe i was blind of such knowledge. thank you so much joseph.
@vanesslifeygo2 жыл бұрын
"The airline industry never makes a good return on capital" Warren B. has dissed airlines too lol
@Sanspepins3 жыл бұрын
After watching this video I an definitely say I've fallen into a lot of traps you mentioned. A lot of the reason for this I feel is just because of how wild the markets have been due to covid. basically anything was a good play at the start of 2020. Will be restructuring my portfolio going forward.
@learner-long-life6 ай бұрын
It's hard to add value on top of Terry Smith's own words, and you did it. Thank you Joseph.
@jbullionaire27493 жыл бұрын
Great to see some British content! I've been in fundsmith for a while now. Great performance and low volatility. His annual investor meeting videos are well worth a watch - he speaks a lot of sense.
@yanetdevis28763 жыл бұрын
Isn’t a bit expensive at TER 1.09%?
@jbullionaire27493 жыл бұрын
@@yanetdevis2876 It is expensive yes. I hold via a broker, so the OCF is slightly lower at 0.95%. As Terry says though, the low amount of trading the fund does means the internal buying/ selling fees etc are kept to a minimum. Plus you won't find many Fundsmith owners who moan about the fee when it's returning nearly 20% annualised
@leenglishman16053 жыл бұрын
Fantastic episode Joseph and thanks for the intro to Fundsmith. Will definitely be taking a deeper look at investing with them as another part of my portfolio. My being based in the UK too, it looks like I have some tax incentives too, so on the surface - looks a no brainer. Cheers!
@leenglishman16053 жыл бұрын
@Whatsapp➕❶❹❷❺❹❾❹⓿❼❸❹ lol, clown.
@Blackdocks2 жыл бұрын
whats the video of Terry smith ? where can I find it ?
@timhanser19433 жыл бұрын
As someone whose portfolio is down 41% this last year investing in OATLY , TTCF and BEYOND MEAT I think I will maybe dump the lot and buy Fundsmith equity. Incredible consistency from Terry Smith , liked and subbed .
@danguee13 жыл бұрын
I've held Fundsmith for 5 years - apart from 6 months in 2020 when I stupidly dumped all my investments. It's interesting to see that Fundsmith barely registers the early pandemic slump and the subsequent frothy madness. It just seems to power on up...... Some people say that "Terry's known nothing but tailwinds" - which is a fair point. So he has a major correction to deal with and we will see how well he does. But he shows all the signs of going for very grounded investments which are likely to survive a downturn better than most.
@domceja623 жыл бұрын
Excellent video! Definitely will research into Terry Smith
@bigfan10692 жыл бұрын
Very Nice Joseph I like your style.
@samclark39703 жыл бұрын
Joseph, awesome video man. Thanks for sharing this content from Terry Smith with us. Kudos!
@blackrazorfilms3 жыл бұрын
Just found you channel and haven't even watched a full video yet but damn what a genius idea showing your portfolio's (increasing!) value on each video!
@G1Martins3 жыл бұрын
Thanks for the video. Where can we find the original video?
@anderson63793 жыл бұрын
Awesome episode Mr Carlson. You were speaking directly to me here. I overly focus on cigar butts. Thanks for the reflection
@Dr.Dumpnpump Жыл бұрын
Awesome video Joseph. Terry is one of my all time favourites and definitely on my “clone” list.
@cloudedjourney Жыл бұрын
Man that chart at 21:10 is a killer. My main holdings are the bottom: Utilities, Telecom, energy and transportation (rails). These are mostly strong Canadian companies but makes me thinks it's time to take a look closer at ROIC.
@elonmusksellssnakeoil17443 жыл бұрын
7:35 - that's the 5 year average, not 20 years.
@MaxTex692 жыл бұрын
This video is brilliant! a must watch for investors well done JC
@stabu56223 жыл бұрын
Joseph, I really enjoyed this episode. Insightful and interesting. Thank you dearly. Keep up the super work!
@vanesslifeygo2 жыл бұрын
I laughed at someone who told me Oil is the next big thing. It's big, and got into good condition to pay dividends, but, the "next" big?
@samuelwhite78563 жыл бұрын
why did you say 26bn dollars when it says 29bn pounds which is about 40bn dollars 🙃🙃🙃🙃🙃
@jaybee46362 жыл бұрын
Hey how do u know your not overpaying now for costco
@Elendil9633 жыл бұрын
This resonates immensely with me. All his lessons and tips are something that have been brewing in my head for a while, and that is confirmed by someone much smarter and experienced than I am. I spent years investing like a buffoon, and I got buffoon returns. This video really cements what investing strategies I am trying to put in place. I just need more money for all the ideas I am getting haha. Thank you SO much for this video. You're doing the Lord's work (if our Lord is Munger or Buffet haha)
@alexdawson8683 жыл бұрын
Where can I find the whole report so I can read thru? Great video btw.
@vivmomof4g3973 жыл бұрын
Great content! Although I’m old, I’ve learned so much from you. Thank you.
@investing4everyonevideos3033 жыл бұрын
good video. puts some things into perspective.
@taheresfandiari1473 жыл бұрын
So glad Terry and the Uk are getting the recognition they deserve. Long overdue from the tullett prebon days
@may-maytanymaytany_s34173 жыл бұрын
Thank you for your transparency,for sharing your portfolio &your journeys. Been your subscriber since day one.🙏👍💕
@meredithelbert66083 жыл бұрын
the market crash is a good time to buy and some investors look forward to unstable markets to make profit, It's time in the market, not timing the market.I made my first million during a self acclaimed foreseen crash, what i can say to early investors is diversification and solid management. i reserve gratitude for Rita Wildrin Mora my humble CFA . smart investing is key
@collinsnorman4733 жыл бұрын
Consistently investing in quality dividend paying companies over the long term is a relatively easy strategy to create generational wealth.
@harleycartley31383 жыл бұрын
I did read about Rita Wildrin Mora., quite an interesting lady to look up on the web.
@mitchsapastein55933 жыл бұрын
I try my best invest in stable stocks
@harrisahmed30663 жыл бұрын
I just found her webpage and left her a mail. I'm willing to make consultations to improve my portfolio
@billyjohnson91663 жыл бұрын
Joseph this is your best video yet.
@Kig_Ama3 жыл бұрын
1:20 How do u follow Peter Lynch?
@shadowr63483 жыл бұрын
Nice topic, its a nice feeling to "buy the dip", and we always want to find great companies at fair value. Magic formula investing tries to capture both, high roc and earnings yield. Cheers Charlie
@markarnoldsfinance27653 жыл бұрын
👏 👏 👏 This is a video I wish all my friends and family who invest would watch! Too many of my friends focus on cheap stocks instead of quality stocks and the difference between my portfolio and theirs is that mine is in the green and theirs is in the red.
@firelordsozin36773 жыл бұрын
Whoa great episode. So basically if you’re DCA anyway, you should primarily focus on quality of a company.
@EdW-po9or3 жыл бұрын
Terry Smith what a legend, he holds my pension
@remyjessenlorenzen97133 жыл бұрын
Great to see you are learning how to invest.
@Yorktimer3 жыл бұрын
Watching your video was one of the best investments of my time. Thank you Joseph.
@user-wo9jj6ii6t3 жыл бұрын
This was a great episode, hadn't previously heard of this dude
@ainokea80808083 жыл бұрын
I think this is your best work yet sir
@SukMelon3 жыл бұрын
Tesla has the best ROCE out there!
@tonywillingham81093 жыл бұрын
Your best video yet. You are one of a very few you tubers that understands. Although I will say, if you can get a great company with a margin of safety... gravy.
@Freddylone3 жыл бұрын
Clear and concise Joseph. In the long haul, the trade market is the only investment that makes sense overtime since it’s been highly remunerative for me.
@Freddylone3 жыл бұрын
@Fernando I’m not dishing out life nor financial advice but expert guidance is important and sometimes the deep end is where you discover where your true grit lies which doesn’t always have to get to that. I trade with a pro trade analyst Levi Clemans. He’s been assisting me all through since I began trading stocks and cryptos, I just pay commissions from earnings.
@Freddylone3 жыл бұрын
Leviclemans(a)Gmai Lcom...Is he taking commissions for trades? Yes, I’m I still making money in the process? Hell yes!
@jeremyfoden92513 жыл бұрын
@@Freddylone I appreciate the recommendation. I’m definitely giving it a try.
@brandongait22343 жыл бұрын
Does mrlevi really help people trade? Please can he help me?
@FerrisMcLaren3 жыл бұрын
@Fernando No one watches your money better than you. If you hire someone else to trade your money then you are asking to lose it. "No one knows if the price of any stock will go up down or woopty doo." Time in the market beats timing the market. Learn to invest for yourself and save some useless fees
@louistran0163 жыл бұрын
i learn to love your channel again, something different than dividend stocks :)
@AB-mb3bi3 жыл бұрын
The best in class!!Simple philosophy outstanding results! Great book too
@AntonioInvests3 жыл бұрын
Holding good companies will allow you to buy more in a correction or crash 😁
@Willtopia3 жыл бұрын
Best video so far congrats
@isferfun39092 жыл бұрын
Great video. This Terry guy and you covers most of sectors but does not include REITs. Why? Isn't some reits make great dividend return and roce as well?
@gilbertobourretmarin65192 жыл бұрын
Hi Joseph! I have a question for you: Why do you use a period in Seeking Alpha of 5 yrs and in the total return calculation a period of almost 20 yrs? It doesn´t have to be the same for both calculations to have a good comparison? Thank you a lot, your videos are great!
@mangoman92903 жыл бұрын
Very interesting. I ran a bit of a quick simulation for fun A) Full Price Quality - 1 share x $100 @ 10%/year growth vs B) Cheap Average Quality - 2 shares x $100 @ 5%/year growth (imagine there was a 50% price crash and you picked them up for $50 each before they rebounded back to $100/share) A takes 15 years to surpass the 50% price discount of B A is worth double B after 30 years A is worth triple B at 39 years A is worth quadruple B after 45 years It takes a long time to overcome the significant initial discount but the difference ramps up as time progresses. Just a bit of fun but it does show that in the long term a company with consistently higher returns wins the long term race even with a massive initial handicap
@kelle_li3 жыл бұрын
Which presentation are your clips sourced from? Interested to watch it, thanks
@dergiman3 жыл бұрын
Best episode ever! Terry is on the same level with Buffett and Lynch.
@RockTheCage553 жыл бұрын
He is talking about ROCE (Return on Capital Employed) not earnings growth. FYI for those researching this ROC (Return on Capital), ROCE (Return on Capital Employed), & ROIC (Return on Invested Capital) are slightly different. I used to not want to pay more for a stock then what their growth is. So if they are growing at 30% i didn't want to pay more than a 30PE but you will miss some of the greatest growth stocks every if you do that. You will miss the Googles, Facebook, Amazon, ect... I now use a combination of fundamentals & technicals to make buying decisions. I never ever buy stocks in a downtrend anymore. The cheaper can can cheaper and i found this out the hard way. How much you make is not so much dependent on fundamentals but is based on intuitional interest/ownership.
@angeldelis28383 жыл бұрын
Pure quality content!!! Thanks
@andriis19173 жыл бұрын
Thanks for a great video, Joseph!
@avioded25813 жыл бұрын
Great video, what question, what source you use to find the investment on capital, also how to look it forward?
@AlpacaCheese3 жыл бұрын
Really like ur channel, it’s good information without the fluff and interesting support that is concise and to the point
@Ditronus.3 жыл бұрын
The main thrust of this video's message is to not be so preoccupied with finding a deal when buying a particular stock, but to be more concerned on whether or not the company is a quality company (has a moat, in a growing sector with future opportunities to deploy capital and grow further, has good returns on capital). Even with this understanding, it is still hard to determine whether to continue investing. I get the "do nothing" step basically means "don't sell out or think shorterm," so it doesn't address the question of how much more is adequate, and I'm sure part of that is subjective. It is hard to determine whether you should continue to invest in a company like Microsoft or Costco as they are constantly setting new highs. I dipped some more into MS when I saw it dropped 8%, though.
@asnierkishcowboy2 жыл бұрын
3 months later and now theres a hype about raw materials/comodity stocks. Great video.
@alinayukhymenko62952 жыл бұрын
Thank you for your hard work. Out of all investing channels that I follow, you produce the most interesting and high-quality content.
@M3W32 жыл бұрын
This is exactly what i have been telling my friends, quality businesses, a business I wanna be part of and grow with. We don’t sell our whole business away because of fed decision, or Russia invade Ukraine … we only sell our business if someone come to us offer us a much better deal or the business structure is flawed and we no longer see long term potential of the business. Problem is people separate stock and business as if it’s 2 separate topic , it is one, stock=business.
@jaylenbrownfan21123 жыл бұрын
How do You calculate ROCE? Thanks to anyone responding.
@peterbizon48853 жыл бұрын
Great video Joseph !
@santiagogil62773 жыл бұрын
What's is that page where you saw the graphics?
@paintballkid18183 жыл бұрын
Joseph, what is the best tool to use to look at a company's earnings growth? Thank you!
@tadakimasu Жыл бұрын
Thanks for sharing, I'm glad I found him through you!
@jn85593 жыл бұрын
He missed the Great Recession. Let's see how the fund does with the next recession/crash. Will keep an eye on this fund.
@andrewdriggers15652 жыл бұрын
Seeing this. Was already buying meta corporations after the sell off because it was a “good price” but now seeing they also have a ROC of 30% makes me love it even more. Double whammy for everyone good price and great ROC.