This episode centers on Warren Buffett's enduring investment philosophy, particularly as outlined in his 1999 Fortune article, "Mr. Buffett on the Stock Market." It explores his prescient warnings about unsustainable public expectations for stock returns, emphasizing the critical influence of interest rates and after-tax corporate profits as a percentage of GDP. The text then applies Buffett's timeless insights to the June 2025 market environment, analyzing current economic indicators, corporate profitability, investor sentiment, and valuation levels to identify parallels and divergences from the late 1990s. Ultimately, the sources highlight the continued relevance of patience, discipline, and a focus on intrinsic value for navigating dynamic market conditions and seizing opportunities.

📚 Value Investing Books Recommendation

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Warren Buffett

The Snowball: Warren Buffett and the Business of Life

Kindle: https://amzn.to/3FVasqy

Hardcover: https://amzn.to/3HIfeZ2

Paperback: https://amzn.to/4kBjUOZ

Warren Buffett and the Interpretation of Financial Statements (by Marry Buffett)

Kindle: https://amzn.to/43Vr5dD

Hardcover: https://amzn.to/4n6yNus

Paperback: https://amzn.to/45XBBDL

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Charlie Munger

Poor Charlie’s Almanack

Kindle: https://amzn.to/3Zsw9VB

Hardcover: https://amzn.to/4jMExq7

Collector's Edition: https://amzn.to/3SRgsn7

Tao of Charlie Munger

Kindle: https://amzn.to/4nk0akT

Hardcover: https://amzn.to/44eq8OR

Influence, New and Expanded: The Psychology of Persuasion

Kindle: https://amzn.to/4619DqL

Hardcover: https://amzn.to/40a8TMi

Paperback: https://amzn.to/40gtwq7

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Howard Marks

The Most Important Thing (Uncommon Sense for the Thoughtful Investor)

Kindle: https://amzn.to/3Tqb4Yg

Hardcover: https://amzn.to/3SRyy8A

Paperback: https://amzn.to/45ohdM0

Mastering The Market Cycle: Getting the Odds on Your Side

Kindle: https://amzn.to/3HXPmby

Hardcover: https://amzn.to/45X6AQq

Paperback: https://amzn.to/44oPGYP

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Money Philosophies

The Psychology of Money: Timeless lessons on wealth, greed, and happiness

Kindle: https://amzn.to/3FDbO9u

Hardcover: https://amzn.to/4kL3TGi

Paperback: https://amzn.to/44fpkcC

Limited Gift Version: https://amzn.to/4jYomGp

Same as Ever: A Guide to What Never Changes

Kindle: https://amzn.to/3HXBJcp

Hardcover: https://amzn.to/4l7vPno

Paperback: https://amzn.to/4k2ZHRe

The Almanack of Naval Ravikant: A Guide to Wealth and Happiness

Kindle: https://amzn.to/4lx2a7F

Hardcover: https://amzn.to/4kGX5tf

Paperback: https://amzn.to/3ZEMXsC

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Classic Principles

The Intelligent Investor

Kindle: https://amzn.to/45T9OEv

Hardcover: https://amzn.to/4l4f7W3

Paperback: https://amzn.to/43ZNyXb

Security Analysis, Seventh Edition: Principles and Techniques

Kindle: https://amzn.to/442yKak

Hardcover: https://amzn.to/3TmEEhg

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

Collector Edition: https://amzn.to/4lrgWNd

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Disclaimer: All analysis is based on publicly available sources and may be subject to revisions or differing interpretations. The content is for educational purposes only and does not constitute investment advice. Conduct your own due diligence before making investment decisions. Like and Subscribe us on Apple, Spotify Podcasts or Youtube channel: Deep Value Investing! Don’t forget to take the book list of value investing on our main page!