Learn From My 15 HUGE INVESTING MISTAKES!!! (free lunch for you)

[@georgeconstanza6505]

Great video. Unfortunately, not too many people are able to acknowledge their mistakes in real life and learn from them and on KZbin it is even more rare! Kudos to you Sven for doing this video - you have earned a lot of respect by doing this!

[@Value-Investing]

thanks George, coming from you it is really something!

[@caucasianafrican1435]

And, allow his audience to learn.

[@overnightgrowth]

Every investor should strive to make a video like this. If only for him or herself. Facing your past decisions and trying to learn from them is very hard to do in this space.

[@Value-Investing]

thanks!

[@maiasalyamani]

Huge thanks. The value of this video is unbelievable.

[@Value-Investing]

happy to hear that!

[@timotejcernak7086]

I usually dont watch videos through my account, but after watching this, I had to sign in and say: Thanks a lot for this gem!

[@Value-Investing]

happy to hear that!

[@ayurdal]

I love it when finance KZbinrs reveal their failures instead of pretending to be godly beings. It is a true manifestation of self esteem and respect to viewers. Kudos Sven for being transparent.

[@Value-Investing]

thanks!

[@jimcramer323]

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[@joelatallah3646]

I agree 100%. It's human tendency to brag about wins and diminish mistakes, even though mistakes are where we do more learning! This is a great video with valuable insight

[@caucasianafrican1435]

100%. It's what really gives an investor like Sven, and Buffett, credibility.

[@kristinakolev5679]

Interesting

[@miellamborghini7003]

So much value here, really learned a lot. Thank you Sven.

[@Value-Investing]

Glad to hear it!

[@landi2244]

Thank you for your transparency, Sven. You are a winner in my book.

[@Value-Investing]

:-)

[@javiergz5767]

Thanks for this video Sven! I've seen more than 100 hundred of yours and this is likely the best for me. Very personal, which is something to appreciate. Hope you stay that personal in the future, It will help people engaging with you.

[@Value-Investing]

Wow, thanks!

[@bozolito108]

Man this was a trip down memory lane. It was like getting closure after a bad breakup. Lol. Good stuff sir

[@Value-Investing]

:-) Now we can go on after the closure :-)))

[@investingsimplified2452]

I personally did many of those mistakes. No shame, it s part of the game. I respect your transparency Sven

[@Value-Investing]

thanks!

[@proracingproracing6931]

Thank you Sven, well done, appreciate your honesty!

[@Value-Investing]

thanks!

[@thomashelveg7563]

I think this is your best educational video ever. I find patience as the most difficult skill. It is also very difficult not to copy people you are mesmerized of, for example I blindly followed Ray Dalio, as many people blindly follow and copy Munger or Pabrai choices without having an own real convinction or knowledge in that choice.

[@Value-Investing]

you always think they know more than you as they are professionals with all the info - but the truth is the unknown is impossible to know, also their risk tolerance!

[@sanc9808]

This needs more views.

[@Value-Investing]

:-)

[@fingerprint1991]

Probably the best video I have ever seen. If you are not planning to include this in your next book you should definitely consider since it's a pure gold mine.. Taking a step backwards and comparing your mistakes against with my little journey I could clearly see similar mistakes in my investing behavior. So thank you!

[@Value-Investing]

thanks, will add or make a list or something!

[@ameeetbareek9098]

what a classic video. Honest and very helpful. Thank you for sharing. Sharing my summary and notes for others: Summary: - apply common sense when buying business - is business providing true value to its customers right now? if not, thats speculation. - stick to low risk/high reward. avoid high risk. identify high risk as low probability in future, geopolitical risk, IPO, value trap, scammers, cyclic businesses - Value investing is about patience - wait and wait to bet big - Stay within your circle, apply first principle - The best investments are buying quality businesses heavily concentrated patiently waiting for the right price Details: - Peter Lynch - Its okay to do mistakes, keep looking for the top stocks, even if 6-7 out of 10 perform as expected, you are a winner. - FRAUD: If something smells fishy, avoid it. Look for short seller report, balance sheet. Stay away from bad business model - SELLING TOO EARLY: Stay anchored if you believe in your analysis. Adjust the thesis if necessary when stock booms, might be even better value (for self, I remember selling Tesla because everyone around me was telling me to sell) - HIGH RISK: - Stay away from High risk - e.g. IPO, few qtrs of growth doesn’t mean shit. People look at 10 year history and only them invest. There are many businesses in the world, focus on the best ones if you can find same high return with low risk - Geopolitical risk - China, Argentina, etc. Avoid them if possible - Identify the size of the risk 1st - If its too high, or the probability is high or even ≥ 30% then, avoid it. - Stay away from Shady management - especially if they have track record. - Avoid Value Trap - How to tell if a value or cheap stock is a trap? - If its unclear what true business value it will give to its customer. (apply common sense) - Avoid cyclic business - especially do not buy cyclic business in their peak or high side. - **INVEST HEAVY IN YOUR CURRENT PORTFOLIO**: Buy more of good that you already own that keeping the size small (e.g. I bought Apple, but only few shares, I should be buying more) - GROWTH WILL STOP EVENTUALLY - Growth stocks end up becoming Value stock - **INVEST IN YOUR CIRCLE OF COMPETENCE** - THAT YOU UNDERSTAND - DO NOT JUST TAKE ANYONE’s WORD. People in KZbin and new channels have incentive to tell you to buy buy buy, thats how they get more views, hence don’t take anyones advice just as-is, even Warren Buffet - APPLY FIRST PRINCIPLE ALWAYS. - **BE CONCENTRATED AND FOCUSED**, NOT DILUTED - Make your investing boring - Buying too early when you know it can go lower - Patience and Discipline is value investing - **Value investing is about waiting for 1 out of 10 of your great ideas to reach absolute bargain with little downside and very high upside** - Avoid taking speculative bets or keep that to minimum (== none) - Be clear are you investing in speculation or value - If a **business is providing immediate value** (e.g. revenue, dividend), **then its not speculation**, but if there are future speculation that this business will go 100x in future, future being unknown, then reduce that risk - (e.g. BAIDU in robotaxi, Facebook in META) - **The best investments are buying quality businesses heavily concentrated patiently waiting for the right price**. Focus on great business at fair price, not fair business at great price

[@Value-Investing]

good summary!

[@АндрійШульга-ъ4к]

Great respect to a person who described his mistakes in such an open way, admitting unwise decisions and categorizing them. Thank you, sir, indeed, a lot to learn here.

[@Value-Investing]

thank you!

[@tsonez]

Great video. So much to learn here. Great Buffett clip. “Swing you bum!” Thank you!

[@Value-Investing]

:-)))

[@maxjames00077]

Amazing video! Loved all 51 minutes!

[@susymay7831]

One of your best videos! ❤ We must learn from our mistakes, both our mistakes and the mistakes of others!

[@alvarodehais1784]

Thanks for the video and the free lunch! As Monish Pabrai said: don't water the weeds and cut the flowers!

[@Value-Investing]

Peter Lynch said that:-)

[@Marniarno]

Thx, Sven! A lot of wisdom and value in this video. Well done :)

[@phd_angel]

Excellent video, thanks for sharing, Sven. On 37:02, do you really think that 15 stocks is too many?!...

[@Value-Investing]

3 is max for quality...

[@phd_angel]

@ 3 stocks?? Well, your portfolio is for testing only then? having more than 10% of your portfolio in a single company is quite risky.

[@kentvandervelden]

Thanks!

[@Value-Investing]

:-)

[@russellditchfield-agboh838]

Great content Sven! Would you please analyze ASOS? There appears to be very deep value here. It’s a favorite of Nick Sleep’s.

[@Value-Investing]

It depends on whether they can return to growth and scale - who knows - maybe Nick can also be wrong - time will tell!

[@unktzor]

The value in this one is insane!

[@Value-Investing]

thanks!

[@MrFrescocotone]

Excellent video. We all learn more from mistakes than from big wins. Thanks for the transparency

[@Value-Investing]

Glad you enjoyed it

[@TaKa-uq6us]

Awesome honest video Sven would love to see this periodically

[@Value-Investing]

I hope not, I hope to make mistakes only to make such a video every 5 years :-)

[@ernhonglim]

Thank you very much Sven. Finally you made the content that I want the most. Hehe

[@Value-Investing]

:-)

[@user-jc1yx9of9p]

One hour Sven on sunday is better than one hour of formula 1 on sunday;-) Sven, great video!

[@Value-Investing]

:-)))

[@JanBruunAndersen]

Sven, you convinced me to buy Baidu and Alibaba, but you also gave me Albemarle. I have sold Baidu, I am still hanging on to Alibaba hoping for better times, and I grin 🤑 every time I look at the gains from Albemarle.

[@Value-Investing]

that is investing, at the end it is about sizing the positions properly!

[@herokorai8346]

Best video that I've watched Sven! Best lessons are through mistakes :)

[@Value-Investing]

Thanks! 😃

[@tomislavhorvatseo]

Very informative stuff, Sven! Thanks!

[@Value-Investing]

Thanks!

[@augustus331]

Hoop dat je een mooie zomer hebt gehad Sven! Working on my thesis now so only scanning this 50-min video, I'll do a deeper dive later!

[@Value-Investing]

success met jou afmak... thesis!

[@marklalonde7996]

By far your most valuable video. I learned that you should trade where the winds are blowing. Try to find value in something that will be in high demand and has political tailwinds. For sure learned a bunch from mistakes investing in Chinese stocks!

[@Value-Investing]

thanks!!!

[@juanprodriguez2813]

One if the best videos ever. Thanks Svan.

[@Value-Investing]

Wow, thanks!

[@larrygerry985]

Thanks for sharing. Failure is a great learning point.

[@Value-Investing]

Thanks!

[@Theo_Sot_9360]

Without skin in the game y never can become an investor, especially a value one. Congrats Sven😎

[@Value-Investing]

that is how it is, but it also depends how much skin!

[@giuseppeo77]

At 0:40 "Please support the channel so I can put some food on the table" You previously said that all youtube revenue was going to charity! What happened to that Sven? 🤔 I still hit the like button.

[@Value-Investing]

that was a joke!

[@Value-Investing]

I mean, the food on the table :-))

[@giuseppeo77]

@@Value-Investing Nothing wrong with keeping the money from youtube, it's all about walking the talk...😉

[@Noveshento]

This was your best video to date Sven. Congrats for the courage and candidness. I see a great future for grandpa Sven

[@Value-Investing]

I will do my best, so let's see!!!

[@vardanarakelyan5214]

Thank you very much for sharing such valuable knowledge, we all do mistakes, the important is to realize it quick and then review and change the strategy of entire portfolio.

[@jakelo1045]

This video is packed with information. I will have to watch it a few times to fully digest. This may be your magnum opus!

[@Value-Investing]

thanks, enjoy it!

[@patrickshanghai2064]

very interesting video. will watch it a couple more times. always hard to learn the right lessons from mistakes. i followed you on several of those stocks. got better returns than my own pics, haha. glad i exited the Russian stocks before the war. thx for the hard work.

[@Value-Investing]

Thanks!

[@thezenguy9509]

Probably best video so far, love it !!!

[@Value-Investing]

thanks!

[@GHIBaal]

Thank you so much ! So much value for a 24yo Investor from Germany! Learning from others mistake feels like a cheat code for life ! ;D

[@Value-Investing]

great to hear!

[@christianh.riiser2807]

Excellent video - transparency on your mistakes - great !!!!

[@Value-Investing]

I appreciate that!

[@siggiAg86]

Ok this is one of your best videos imo

[@Value-Investing]

:-)

[@RemiStardust]

15:05 "Yes, I invested also in that shit" :) Nice, Sven brings some spicy language!

[@Value-Investing]

:-(((( :-)))))

[@gsabic]

hi Sven, great video, very honest, we all make mistakes. You forgot to mention all the money you miss in TSLA :)

[@Value-Investing]

hahahahaha:-)) Tesla has always been too risky, so I don't consider it a mistake :-)))

[@jerzyfilipek4100]

Hello Sven, I have been watching you from beggining - this is best video ever. Thanks.

[@Value-Investing]

thanks!

[@RedVSBlueIsCewl]

Thanks for honest talk - videos like these make it easy to spot you as one of the few knowledgeable people on here out of all the idiots who talk about some shitty stocks they think are a buy. Maybe videos like these don‘t resonate well with the YT algorithm, but real recognise real. I‘m convinced it helps you grow a more lasting, loyal viewerbase. I started with ETFs because I am lazy, but the new economic environment made me realize I need to pick and research winning stocks. So even though I won‘t earn a share in your business I invest the power of my like and sub to increase the value and hopefully the earned knowledge will pay dividend in the future.

[@RedVSBlueIsCewl]

Also thinking about tattooing „I‘m an idiot but hopefully a lesser idiot“ on my forehead. What a great motto for life

[@fredo119]

Sven, that's your best video ever !

[@Value-Investing]

Glad you think so!

[@AssociateEquity]

Another great video. Thank you. Are you going to write an update to your book ‘Modern Value Investing’? Why don’t you have it on the bookshelf? May I suggest: 1. Include references to your book when making important points about investing such as the meaning of risk and the importance of the value/price relationship. 2. The red ‘pen’ doesn’t add as much as hoped for. 3. Using the dotted ‘box tool’ was ok.

[@Value-Investing]

Thanks for the suggestion!!! Will lower the red pen!

[@levelupwithsam]

This was an incredibly valuable video. I love these lessons of what not to do!

[@Value-Investing]

Thanks!

[@levimachado]

great video sven. Followed you years ago, but now will be back seeing what you are up to. Would love your educational content.

[@Michael-Wil]

The lesson I learned from this video was just to buy Berkshire Hathaway. Then there's no need to watch KZbin investing channels for stock ideas, free up loads of time and avoid all the mistakes.

[@jessehamlin3420]

berkshire makes mistakes too - buffet admitted he missed a massive opportunity to load up at the beginning of covid - just buy the index thats less risky

[@Value-Investing]

Investing in BRK is great, but the returns depend on price paid!

[@Michael-Wil]

@@Value-Investing Yes, I think you got that from Warren Buffett, you showed the clip of him saying he only swings when he want to.

[@Michael-Wil]

@@jessehamlin3420 That works great if you’re in your 20-30 and have decades to compound, I wish I was in that position.

[@AdrianVaju]

Thanks! I'm really curious why you sold your positions, I really hope you are not a new Michael Burry, even if he's right at some point in time 🌈

[@Value-Investing]

video coming soon - nothing in relation to Burry!

[@styx814]

Appreciate your honesty, Sven...and the sense of humour Vladimirovich Putinovich lol

[@Value-Investing]

:-)

[@RonPaulBot1234]

Great video with lots of value and examples!

[@Value-Investing]

Thanks!

[@Jod4light]

Thank you sven, this video is super valuable!

[@linusjacobsson2419]

This is awesome value. Thanks Sven

[@Value-Investing]

thanks!

[@roarslot]

Great value at a fair price!

[@Value-Investing]

:-)))

[@Poco2099]

Stocks I watch never go as low as I think they should, so if I avoid buying too early, I invariably buy too late or not at all.

[@Value-Investing]

:-)

[@josebarron1422]

Nice video!! I really like how you analyze your investments and reflect on them

[@Value-Investing]

Glad you enjoyed!

[@TheAcharyaa]

Your best video to date. Thank you!

[@Value-Investing]

Wow, thanks!

[@AlekseyShevchuk]

Thanks for hones insights into lessons learned!

[@Value-Investing]

Glad it was helpful!

[@francescobaroncini5403]

Best video of the year, congrats!

[@Value-Investing]

THanks!

[@georgegogolan8472]

Amazing video! Keep up the good work! Thanks!

[@Value-Investing]

Thanks!

[@slimjimjimslim5923]

Thanks Sven. It takes a lot of pain and courage to analyze one’s past mistake. : )

[@Value-Investing]

thanks!

[@slimjimjimslim5923]

@@Value-Investing at least sven wasn't pressured into investing in NFTs. 😁

[@LDP..]

great video ! How is it that your stock platform was in dutch 13:50 but you have a eastern accent ? Just interested as a dutchie 😉

[@Value-Investing]

toen woonde ik in Nederland :-))

[@pongop]

Thank you for this great video! This is very helpful.

[@imba69420]

Great to own your mistakes! Still with you Sven!

[@Value-Investing]

THANKS!

[@77magicbus]

Great video. This is how we learn. And learn from these common mistakes . Many of your mistakes were because of a lack of patience. Buffett says the stock market is a machine that transfers wealth from the patient to the impatient. Sven , you are too hard on yourself here. You will do fine going forward. Warren says if you had only 20 stock trades in a lifetime you would do much better. Be extremely careful before investing. Also I believe that most all investors should make a portfolio of Index funds the core of the portfolio and reinvest all dividends and cap gains. Build alpha around that with individual stocks using extreme care. Thanks

[@Value-Investing]

I would be still a poor kid with index funds, so there is a lot to discuss and analyze the to find the best for yourself!

[@Isendir1234]

This is rich in value Dr. Carlin!! Thank you for sharing your mistakes. Hopefully, we can learn from them (or we will repeat them uh-ho!).

[@Value-Investing]

In 5 years, if my next mistakes videos lasts less than this one, I am happy :-)))

[@elrevesyelderecho]

Thanks for this video. Taking a lot of notes.

[@Value-Investing]

a lot of notes for sure!

[@coderslang]

Bought Amira back in the day after watching one of your videos, Sven. Still sits in my portfolio at a shining -100% loss

[@Value-Investing]

sorry to hear that, I made a video about selling it, you must have missed it :-(

[@coderslang]

@@Value-Investing I heard that the 2 main mistakes that investors make are panic buying and panic selling. I decided to eliminate at least one :)

[@nufaa5313]

Great video Sven, I'm a member of your research platform. I wish my mistakes we were more like yours. Thought you still did pretty well

[@Value-Investing]

we will work to lower all of those in the future!

[@nufaa5313]

My biggest mistakes were holding Russian stocks, also heavy investments in BABA, and BIDu

[@explorerjlc1743]

43:55 how would you know how low BABA would go? at the time you made the first video, it still seemed like a bargain as the company was still growing and earning money. That is why Munger bought around there too. Would be good if you can go into specifics and how you can mitigate this in the future.

[@Value-Investing]

I knew there are risks and I took them :-( So, it might be a sizing error etc... But taking risks is about possibilities and patience too!

[@explorerjlc1743]

@@Value-Investing how would you never know when the bottom would be. There is also risk in waiting for something that will never happen and it goes 5x because it was still a value buy at the time of your first video. What are your thoughts on this?

[@chrisok7057]

Best video so far.. will rewatch it multiple times for sure. One on biases would be great as well ^^ thanks a lot sven

[@Value-Investing]

that is a good suggestion!!!!

[@tater6573]

Good to hear from an honest man

[@Value-Investing]

Hope so...

[@louisking11]

Probably one of the most useful videos you could find on the net. Mistakes help investors to improve their method and process.

[@Value-Investing]

thanks!

[@marcb934]

Great video, Sven. „Man will err while yet he strives.” Goethe‘s Faust

[@Value-Investing]

yep!

[@hvidtsted]

I havn't seen this one yet - but sharing mistakes: Respect. I'll watch later.

[@Value-Investing]

Thanks, enjoy!!!

[@Xtefanno]

the new lighting is very very good!

[@Value-Investing]

great to hear!

[@miellamborghini7003]

Now this, this is epic!

[@Value-Investing]

:-)

[@jurgenmeyer7602]

I bought Qudian this year when it started showing up in my net-net screener and sold for a nice 110% gain. Goes to show that anything can be a buy at the right price

[@Value-Investing]

great to hear!

[@JohnSmith-wg6fy]

Sven you just hit the top people from KZbin for me with this material. Very well done 👏 ✔ 👍 👌. Most of KZbin rs belive ar better then Buffett or Linch🤣🤣

[@Value-Investing]

thanks!

[@pieromalutta8457]

Sempre ben druze Sven , te resti sempre El re' del rame , come i zingani... grazie per il servizio

[@Value-Investing]

grazie :-)))

[@balazszentai3364]

Thanks for the summary of your mistakes, lessons. My biggest mistake was underestimating the geopolitical risk about Russia. I had a 20% exposure to Russian ADR stocks in my portfolio. I got stuck. What do you think? Will western investors get their stocks back in the future? What do you suggest?

[@Value-Investing]

depends on the development! I have some minor positions too so we are watching, for now all is blocked!

[@ricardodangelo4639]

Thanks for sharing Sven. Regards from Argentina and excuse my country for your loses 🙏😄

[@Value-Investing]

not your fault, my risk taking!

[@danielnestorio]

Great video! Thank you

[@MarinovBG]

Best video in this channel!

[@Value-Investing]

Wow, thanks!

[@DiogoSilva-ii9ws]

This might be the best financial education video ever! Really appreciate the honesty. Thank you very much!

[@Value-Investing]

Glad you think so!

[@polishfish]

Just a nitpick on your last two lessons- Alibaba was a mistake because you didn’t wait for it to fall further, and the final was a mistake because you waited? While they’re obviously contradictory lessons, they both depend purely on price action to learn from them, and the lessons are opposing in their wisdom. Truly a small complaint from me- I appreciate you and your channel!

[@Value-Investing]

yes, but then you also have to analyze the risk and reward to decide on waiting!

[@SvenEisold]

Of course you could do better, but what is wrong with an annual return above 12%? Thanks for the self critical analysis.

[@Value-Investing]

you always must look to do better!!!

[@frankle246]

Thank you very much. I like this topic a lot. we learn more from mistakes than success. Please do more on this topic in future. Thank you much. Is INTC under value now, Sven? If Intc drops another 20% or mCap around 100B, will you go all in, Sven?

[@Value-Investing]

Video next week :-))

[@THEchrisse95]

Intel is building their plants so next 2 years (6 quarters) will be a lot of CAPEX. Normally they will increase their prices for the coming quarter what they didn't do their latest quarter causing the stock to drop. Dividend is still safe. So if it get's lower might be a good dividend stock. For the long term it depends on if their plan of making extra factories pays off.

[@jdr4674]

I find no signs of a turnaround. And INTC is not cheap now. On the opposite, now with companies creating production redundancies in the west, either oversupply or misinvestment is guaranteed. I'd get out of all semiconductor stocks.

[@frankle246]

@@THEchrisse95 we are here to learn from Sven and others. So please don't misunderstood these: I think your logic has a problem; 1. " Normally....": mean you " based" on the past behavior of the market or the price. To me, I simply cannot predict the market behavior. But if you can, then you are good. 2. "dividend is still safe" : what is your reasons ? this conflicts with " future depends on..." mean you are not sure about its future. Yes, future is difficult to predict. So, a simple solution is normalizing E conservatively (MOS) in the time frame 7 yrs like: the low year E is 10B and the high is 2OB. So, ave is 15B for 7 yrs. Is this conservative? So, with ave E 15B and mcap 115B( 10% drop) or 100B(20% drop), return is 13%-15%( not a compound) conservatively. Sven, please give some thoughts about this.

[@pacocalabasa6605]

@@Value-Investing Intel is a great bargain here -- if there is war in Taiwan and TSMC goes up in literal smoke. Not something you would wish for though, and definitely speculating not investing.

[@Motorrad-Auf-YouTube]

It is easy to say to do value investing but it is very hard to actually do it. I have seen people on youtube trying to outperform the S&P, researchimg a lot but failing hard. And what is true, there are not that many great ideas for a single person doing occational research. I found two or three great buys last year and should have simply stayed with them, instead of diversifying into nonsense, because somebody said it is a good idea. Eather you buy an ETF or you do not diversify. Nobody would buy 20 fractions of different houses because buying one is too risky. You buy one house, which you think is the best buy in the market and then you live in it.

[@Value-Investing]

two or three great buys last year might also be too much!

[@faridrottigni]

You are the best professor ever!

[@RemiStardust]

50:07 I doubt very much there is any book Warren Buffett reads 'almost daily'. I think you meant once a year? And did he really say he reads Seth Klarman?

[@Value-Investing]

yes, he said it in some conference!

[@christianlollmann9537]

Oh that's very nice, now I feel much better, cause I'm not the only one... 😊

[@Ruudjee]

About geopolitical risks? What is your outlook on the tensions between China and US considering Taiwan? What is the risk having Alibaba stocks?

[@Value-Investing]

nobody knows what will happen, there is certainly risk, but how much risk is also hard to quantify!