Why did Warren Buffett by Occidental? This topic and other oil questions have been on my mind for months, and I recently came upon the thesis that that the price of oil is likely going to stay higher for longer. And if the price of oil stays high, then I believe I have identified some asymmetric bets. I discuss all of that in this episode, along with an update on how I'm thinking about Prosus and Tencent.

Investing with Tom's video on Warren Buffett and Occidental - https://youtu.be/wh7_pkZlmbU

Occidental's Q4 2021 Earnings Call Transcript - https://seekingalpha.com/article/4490760-occidental-petroleum-corporations-oxy-ceo-vicki-hollub-on-q4-2021-results-earnings-call

Financial Times article on OPEC - https://www.ft.com/content/70853af8-b7a4-4a28-bdfe-b4f3e375a1f0

Influence Empire: The Story of Tencent and China’s Tech Ambition - https://www.amazon.com/Influence-Empire-Tencent-Chinas-Ambition/dp/B09VLK7Q2R/

Follow Jason on Twitter - https://twitter.com/afterinvestor

Contact Jason: [email protected]

0:00 Intro
4:58 Update on Prosus and Tencent
19:11 Generational opportunity with oil
33:42 Why now clone Warren Buffett on Occidental and Chevron
44:11 My oil stock bets
58:43 Risks

What’s going on with Porsche SE?

Kornit Digital

Carvana and Carmax

Paramount

RH

Twitter Stories

Twitter - https://twitter.com/afterinvestor

Talking return on equity, stock buybacks, and 100 baggers.

Accounting equation - https://www.investopedia.com/terms/a/accounting-equation.asp

Return on equity - https://www.investopedia.com/terms/r/returnonequity.asp

Mohnish Pabrai’s Talk with The CFA Society of Mexico - https://youtu.be/MYR0tWgstMI

Mohnish Pabrai talks Rakesh Jhunjhunwala and uber cannibals - https://youtu.be/wz8N5CkTA2w

Chuck Akre on trying to solve the investment puzzle - https://youtu.be/O38I7QIc_eQ

Twitter - https://twitter.com/afterinvestor

Macro talk

Paramount and Warner Brothers Discovery

Prosus and Tencent

Oil & Gas

Continental Resources Buyout Offer

Learning from Guy Spier

Twitter - https://twitter.com/afterinvestor 

Examining the Porsche AG spinoff from Volkswagen AG and if Porsche SE is an symmetric bet.

Twitter - https://twitter.com/afterinvestor

Unlocking the Full Potential of an Iconic Brand - https://www.volkswagenag.com/presence/investorrelation/publications/presentations/2022/02/2022-02-25-Porsche-Announcement-Presentation.pdf

Porsche increases sales revenue, operating profit and return on sales - https://newsroom.porsche.com/en_US/2022/company/porsche-increase-sales-revenue-operating-profit-return-sales-half-year-results-2022-29211.html

Porsche AG is preparing for its Initial Public Offering - https://newsroom.porsche.com/en/2022/company/porsche-ag-possible-initial-public-offering-listing-29627.html

Porsche Automobil Holding SE: Porsche AG IPO Will Unlock Incredible Value - https://seekingalpha.com/article/4538351-porsche-se-stock-ipo-unlock-incredible-value

My decision on Paramount Global and Warner Brothers Discovery, and the mid-year portfolio update.

Twitter - https://twitter.com/afterinvestor

Looking at why Berkshire Hathaway bought Paramount Global, and also looking at Warner Brothers Discovery and these two companies positions' in the streaming era and the potential of these two global entertainment companies.

I also discuss my style of value investing which is focused value growth investing while being spawner, apex spawner, and asymmetric opportunity aware. This style of value investing was inspired by these three Mohnish Pabrai lectures:

Mohnish Pabrai on the different approaches to value investing - https://youtu.be/qBdieWfouZM

Mohnish Pabrai on Tencent, Pony Ma, Naspers, Koos Bekker, and capital allocation - https://youtu.be/_7UfqjD3IEg

Mohnish Pabrai on spawners and apex spawners - https://youtu.be/pUiwBs_N5cE

Twitter - https://twitter.com/afterinvestor

Coupang is a spawner, and twelve other reasons why I like Coupang.

DJY Research Coupang - https://djyresearch.com/2022/04/12/coupang/

Twitter - https://twitter.com/afterinvestor

Tencent's investments are worth more than the market cap? And Coupang Destination Analysis 

Twitter - https://twitter.com/afterinvestor
Rothman Report for Prosus - https://rrprx.substack.com/

2:17 Accounting
7:12 Reframing focus investing
12:15 Tencent
18:25 Coupang Destination Analysis

Carvana earnings, Ring Energy Earnings, How Naspers bought Tencent, TAV Airports

Rothman Report for Prosus - https://rrprx.substack.com/

Twitter - https://twitter.com/afterinvestor

0:00 Intro
1:55 Housekeeping
7:51 Carvana
22:44 Warner Brothers Discovery
28:53 Ring Energy
36:20 Naspers and Tencent
59:00 TAV Airports