Ted Weschler’s perfect investment in Dillard's

Comparing Qurate Retail to Dillard's

The Perfect Investments Are Asymmetric Bets (Like Ted Weschler’s Dillard’s Investment) - https://afterdinnerinvestor.com/the-perfect-investments-are-asymmetric-bets-like-ted-weschlers-dillards-investment/

Twitter - https://twitter.com/afterinvestor

The 26 Supper Club - https://www.facebook.com/groups/the26supperclub/

Happy Thanksgiving

More ADI:

Blog - https://afterdinnerinvestor.com/

Newsletter - https://afterdinnerinvestor.substack.com/

YouTube - https://www.youtube.com/channel/UCI4soDcgEYnJhhrsT0MqIDg

Why did Mohnish Pabrai sell Alibaba?

Seth Klarman 13F

David Abrams 13F

Ring Energy Update

Show Update

Cable Cowboy: John Malone and the Rise of the Modern Cable Business - https://amzn.to/3bWUYzF

More ADI:

Blog - https://afterdinnerinvestor.com/

Newsletter - https://afterdinnerinvestor.substack.com/

YouTube - https://www.youtube.com/channel/UCI4soDcgEYnJhhrsT0MqIDg

What if your holdings went down by 50%?

The Prosus NAV discount.

Why I sold half my Ring Energy stake.

Half-Eaten Pizzas.

Resources:

Prosus Shareholder Information - https://www.prosus.com/news/investors-shareholder-information/

Prosus Net Asset Value - https://www.prosus.com/news/net-asset-value/

Naspers Shareholder Information - https://www.naspers.com/news/investors-shareholder-information/

Naspers Net Asset Value - https://www.naspers.com/news/net-asset-value/

More ADI:

Blog - https://afterdinnerinvestor.com/

Newsletter - https://afterdinnerinvestor.substack.com/

YouTube - https://www.youtube.com/channel/UCI4soDcgEYnJhhrsT0MqIDg

ADI update.

Charlie Munger bought more Alibaba.

Why I bought Prosus and Naspers.

Value stocks versus wonderful businesses.

Warren Buffett 1950s impression.

How I plan to decide when to sell Ring Energy.

Pineapple personality.

Resources:

10 Ways To Become A Better Value Investor - https://afterdinnerinvestor.com/10-ways-to-become-a-better-value-investor/

Charlie Munger’s Firm Doubled Down on Its Alibaba Investment - https://www.barrons.com/articles/charlie-munger-alibaba-stock-51633627243

First Look at Tencent and a Lazy Tencent Stock Valuation - https://youtu.be/mW1v98cz_I0

Naspers Has a $100 Billion Headache - https://www.wsj.com/articles/naspers-has-a-100-billion-headache-11618738200

Prosus net asset value - https://www.prosus.com/news/net-asset-value/

More ADI:

Blog - https://afterdinnerinvestor.com/

Newsletter - https://afterdinnerinvestor.substack.com/

YouTube - https://www.youtube.com/channel/UCI4soDcgEYnJhhrsT0MqIDg

How I found Cardlytics.

The business.

The valuation.

My judgement.

ADI content update.

Resources:

Clifford Sosin on Cardlytics $CDLX - https://youtu.be/mX0shUT5iwQ

Clifford Sosin - Cardlytics: The Ad Platform with Purchasing Power - https://www.joincolossus.com/episodes/90410739/sosin-cardlytics-the-ad-platform-with-purchasing-power?tab=blocks

Cardlytics 2020 10-K - https://ir.cardlytics.com/static-files/8919b085-4d27-4a8d-a0c5-0d7ed4d2611c

More ADI:

Blog - https://afterdinnerinvestor.com/

Newsletter - https://afterdinnerinvestor.substack.com/

YouTube - https://www.youtube.com/channel/UCI4soDcgEYnJhhrsT0MqIDg

Lessons learned about Mohnish Pabrai from Richer, Wiser, Happier by William Green

Why I bought Reysas Logistics

The game plan for Reysas from here

Staying in the fight when stock price go down

Coffee canning Alibaba

Cloning Li Lu on Pinduoduo

What I'm reading:

Buffett: The Making of an American Capitalist - https://amzn.to/37L6wnF

Common Stocks and Uncommon Profits - https://amzn.to/3so30cu

Topics:

Reysas Logistics

Alibaba

Change Healthcare

Cardlytics

Prosus/Naspers/Tencent

Howard Hughes Corp

Micron Technology

Resources:

ADI Newsletter - https://afterdinnerinvestor.substack.com

Punch Card Investing episode 18 - https://youtu.be/E-S3GZUBLG4

Clifford Sosin on Cardlytics $CDLX - https://youtu.be/mX0shUT5iwQ

Clifford Sosin - Cardlytics: The Ad Platform with Purchasing Power - https://www.joincolossus.com/episodes/90410739/sosin-cardlytics-the-ad-platform-with-purchasing-power?tab=blocks

Who is Investing With Tom?

Tom's background with Alibaba.

Cloning Charlie Munger and Mohnish Pabrai.

The size of our Alibaba bets.

Looking at Alibaba's businesses and moat.

Analyzing Alibaba's competition.

How Ant Group and Alipay factor into the Alibaba investment.

Alibaba discounted cash flow and margin of safety analysis.

Any concerns about regulation?

The runway and what the plan is here.

Investing With Tom YouTube Channel - https://www.youtube.com/c/InvestingwithTom

The Investing with Tom Podcast - https://theinvestingwithtompodcast.buzzsprout.com/

Warren Buffett wisdom from the 1970s.

Covid update.

Alibaba deep dive.

Portfolio Update