Norbert Lou: "This 30x made my mom a millionaire!" (NVR Stock) | Norbert Lou's Greatest Hits Ep. 3

[@jaredcollins9491]

I like these investment success series. Maybe an idea for a future series would be biggest investment failures by some of the investment greats. A 30x company is a great find, but not buying something that kills your return is equally important.

[@InvestingwithTom]

Great idea :)

[@danaphanous]

Good idea! Failures are almost more important I think for learning than successes, which can reinforce bad habits if you didn't do enough due diligence but got a little lucky anyway. I've really been trying to research more and invert recently after a period of excellent successes, to make sure I do not become overconfident, and a failures/lessons series from the greats would be awesome for teaching some of us younger investors caution. :)

[@stealthven2352]

Bill Ackman, Mohnish Pabrai, Guy Spier or Cathie Wood (only joking about the last one)

[@InvestingwithTom]

😂

[@manemrob1510]

Dream Finders Homes (DFH) is a small cap homebuilder which seems very undervalued (homebuilder market is "hated" by Mr. Market) with good fundamentals and they talk about NVR often in their investor presentations.

[@petelarry9130]

Nice find. After one year DFH has tripled!

[@manemrob1510]

@@petelarry9130 thank you!

[@elanocheretner8251]

Great video and series as always Tom, thanks for teaching us lessons from the past :) Some investors I am interested in learning about their investments are: Terry smith and Seth Klarman. Btw what is the resource you are taking your multiple info from (p/e, p/b, etc.) ?

[@InvestingwithTom]

Had to merge a few sources to go back that far, but Simply Wall St and Tikr I use pretty regularly. Tikr has the longest history

[@waterisfree2079]

Dude Brown Brothers is no boutique. They are one of the larger asset managers with $55 billion aum

[@bahuchha574]

Would love to know more about Rick Guerin. Its interesting to know how someone would loose to leverage even when they have friends like Warren and Charlie.

[@guninchhabra7043]

His New Invest is SWBI which seems like a great investment because of great upside whereas very limited downside because it's debt free and market value is almost equal to tangible book value (at $8.65 when I bought and it's $10 now). What do u think about SWBI?

[@AmArJoT0o]

This was awesome thank you!

[@InvestingwithTom]

Glad you enjoyed it! Thanks for watching :)

[@rowanwood5397]

you said she is a millionaire from a $20,000 investment in NVR. NVR did a 30x. that's $600,000k. after taxes she has ~$500k. what gives?

[@vidya014]

In which year Norbert Lou sold off all his mother's NVR and at what price then?

[@massimoromano7802]

Mohnish Pabrai would be great!

[@InvestingwithTom]

Did a few of his in a Movember series a while back if you want to check those out

[@MrMoons3]

Great video Tom. Have you looked into the current Countryside Partnerships opportunity which seems to have some similarities to 1990s NVR? Worth a look if you haven't come across this.

[@InvestingwithTom]

Yup, they’ve just been acquired!

[@MVPX]

Countryside Partnership was going to focus on their similar light business model as NVR and do a lot of share buyback with the sale of the heavy side of the business model (around 30% of shares at current prices) but the thesis changed --> they had problems searching for a new CEO after the proxy battle with the last management and were bough buy Vistry PLC (some money but mostly used share for the buy)

[@MrMoons3]

Interesting - it's been a few months since I came across this and wasn't aware of the updates. Thanks both.

[@tonyg.3696]

Well done, Tom! I really appreciate you breaking down great investments by great investors so we can all glean the lessons.

[@InvestingwithTom]

Thanks! Appreciate the support :)