Have you ever asked yourself, "Why is investing so hard?" Like seriously. Why is it so difficult? 

Why is it that some people can be so good at it and the rest are just mediocre?

There are so many investors out there, yet when you look at those that are really successful, there are not many of them. Why is that so?

I've had this question in my mind for a long time now and one thing really struck me when I was listening to what Charlie Munger said at the 2017 Berkshire Hathaway Annual Meeting. He said something so simple yet so profound. 

"A lot of other people are trying to be brilliant and we are just trying to stay rational. And it’s a big advantage."

Is it really that simple?

Some might think that becoming an excellent investor requires a super high IQ and intelligence, or you need to have some experience in the financial industry, become a fund manager or you need some investing secret or investing model that nobody else can replicate.

But funny enough, Charlie Munger is saying this. "A lot of other people are trying to be brilliant and we are just trying to stay rational."

Is it really that simple?

Well...What if it is really that simple. For once, just be a believer and try to understand. What if it's that simple. 

There are so many smart, high IQ investors out there, but most of them aren't successful investors. Maybe Charlie was right after all.

And ever since then, that's what I've been trying to figure out. What makes a great investor so great. How do great investors like Warren & Charlie excel over the long term?

And that is what we will be exploring in today's episode. So check out this episode to find out more!

Also, if you find this podcast beneficial to you, do subscribe and share it with someone who will benefit from this as well. I believe the world will definitely be a much better place when we start giving, loving, sharing. That is my definition of abundance.

For more info about Delugne Investing or if you have any questions in mind that you'd like to ask, feel free to send us your questions at Delugne.com and you can find out more about us from there as well.

This episode is a reminding session for our Delugne Nation. As you improve to become better investors, no matter how good you become, remember, you can't be right all the time. And it doesn't just apply to investing. Whatever you do, know that people make mistakes. Life will be so much better when we go through it with an open mind. So know that you can't always be right all the time.

When it comes to investing, we are essentially trying to find for great businesses early. Even before anyone else finds it or even before it becomes obvious in the financial statements. But with this approach, understand that there is always a possibility of things not going according to plan.

Why? 

Because in the world of business, there are a lot of moving parts. It's not as simple as looking at the numbers and go "Ohh..good profit margin, low debt, high ROE, huge growth potential". 

It's not that straight forward. 

In fact, if you're looking for small or even microcap companies, some information can be imperfect. Because these companies are small, the businesses are growing and their management is still learning.

So the truth is, you are not going to be right all the time. And that is what we will be talking about in this episode.

Check out this episode to find out more!

Also, if you find this podcast beneficial to you, do subscribe and share it with someone who will benefit from this as well. I believe the world will definitely be a better place when we start giving, loving, sharing. That is my definition of abundance.

For more info about us or if you have any questions in mind that you'd like to ask, feel free to send us your questions at Delugne.com and you can find out more about us from there as well.

Have you ever made a decision or a plan that you were sure it was going to work out, only to realize that now you have a new set of problems because of the initial decision you've made? 

Similar to investing, have you ever invested in a company that you thought was so good and strong but only to question yourself later on, "why on earth did I even buy the stock?" 

If that's you then you're gonna love this episode.

You see, things do not always appear as they seem. Sometimes when we solve one problem, we end up unintentionally creating another one that’s even worse. 

The same applies to investing. Investing is not something that is predictable. Regardless of how confident you are with your investment, there is always a possibility of it going against your prediction. That is why a lot of people consider investing as risky because they have no control over what's going to happen. Even a good company can go down.

On top of that, most investors' decisions tend to be biased. We first like a company and only then try to evaluate why we like it.

So what happens is, instead of analyzing businesses in a rational way, which is to gather evidence, analyze and evaluate the evidence and then decide. What we do is we gather evidence, use the evidence to confirm our mental story (why we think the company is good) and then we match the story to possible decisions. 

And that can often be a problem for investors. 

According to Ray Dalio, he said this

“Failing to consider second and third-order consequences is the cause of a lot of painfully bad decisions, and it is especially deadly when the first inferior option confirms your own biases. Never seize on the first available option, no matter how good it seems, before you’ve asked questions and explored.”

That is why, the best way to making any decision, whether it's your business decision, life decision, investment decision, it's best to use second-order thinking, which is what we will be discussing in today's episode. 

So don't miss out! I'm sure you're gonna love it!

If you find this podcast beneficial to you, do subscribe and share it with someone who will benefit from this as well. I believe the world will definitely be a better place when we start giving, loving, sharing, and living in abundance.

For more info about Delugne Investing, check out Delugne.com to find out more.

In today's episode, we will be exploring the 9 investing principles from this incredible value Investor, Mohnish Pabrai.

When I first started out investing, this was one of the first few books that I've read, The Dhandho Investor by Mohnish Pabrai. And I have to tell you, this book really changed the way I think about investing and I highly recommend it to you guys.

The idea in this book is so simple and profound. And it highlights the framework and philosophy of how Mohnish Pabrai thinks and invest. 

For those who are not familiar with Mohnish, he started an IT consulting and systems integration company, TransTech in 1991 with $100,000 including $70,000 in credit card debt. 9 years later, he sold the company for several million dollars. 

The year before selling, he started a fund known as the Pabrai Investment Fund which follows the same principles and structure behind Warren Buffett’s early partnership in 1956.

Started with $1 million in capital backed by 8 families, the Pabrai Funds has since achieved an annual return of about 13.3% after fees compared to the 6% from the S&P 500’s 6% return. Today, the Pabrai Funds manage over $500 million.

What's interesting about the Pabrai Fund is that there are no investment managers and analysts. The fund and every investment decision are solely managed by Mohnish himself. He decides very meticulously how to conduct his day, who to cultivate relationships with, and what to read and think about independently.

Now, he's one of the few well-known investors of our time and definitely someone worth learning from. That is why we will be exploring his 9 frameworks and philosophies in his book, The Dhandho Investor.

Check out this episode to find out more. And stay tuned as I prepare The Dhandho Investor pdf summary for you soon!

For more information about Delugne Investing, check out Delugne.com to find out more!

Do you find yourself confused at times, not too sure what percentage margin of safety to determine your buying price? Is it 10%, 20% 50%? You're just not sure what is the perfect margin of safety you should apply to your investments? 

If this sounds like you, then this is the episode for you. 

In this episode, we'll do a more in-depth study of Margin of safety and how we're actually implementing it in our daily lives. We'll also discuss about Margin of Safety Formula and how to determine the right Margin of Safety ratio to apply to your investments.

On top of that, by the end of this episode, we'll have Warren Buffett and Charlie Munger to share their take on how they identify the right Margin of Safety for their investments.

I'm sure you're gonna love this episode. 

If you'd like to learn more about Margin of Safety, feel free to check out the Margin of Safety book by Seth Klarman (Margin of Safety: Risk-averse Value Investing Strategies for the Thoughtful Investor). 

In this book, Seth Klarman explains the philosophy of value investing, and demonstrates the logic behind how investors can achieve good investment success with limited risk involved. 

So if you guys are interested, feel free to check that out. Otherwise, I'll probably be preparing a copy of Margin of Safety Seth Klarman pdf summary for you guys soon in the future to make it easier for you to read it.

Anyway, I hope you enjoy this episode.

If you'd like to find out more about Delugne Investing, check out Delugne.com to find out more!

If you're someone who doesn't enjoy seeing your portfolio going down, which in this case, is most of us, or if you're someone who tends to worry about market corrections, market drops and you're looking for ways to overcome market correction, then this episode is for you.

In this episode, we will be learning from the best, none other than Peter Lynch himself. Peter Lynch is someone that many investors look up to.

He ran Fidelity's Magellan Fund for 13 years, from 1977 to 1990.  He managed to increase the assets under management from $18 million to $14 billion, a 29% compounded annual return. That is some incredible returns!

On top of that, Peter Lynch has also authored some best-selling books on investing. Some of Peter Lynch's best-selling books are One Up on Wall Street and Beating the Street. I highly recommended you guys reading these books, especially if you're a beginner. 

In One Up on Wall Street, Peter Lynch offers directions for sorting out the long shots from the no shots by spending just a few minutes with a company's financial statements. His advice for producing "tenbaggers" can turn a stock portfolio into a star performer!

I have actually talked about this when I first started this podcast on Episode 16. I highlighted some of the lessons I've learned from Peter Lynch One Up on Wall Street.

In Beating the Street, on the other hand, Peter Lynch explains his own strategies for investing and offers advice on how to pick stocks and mutual funds to assemble a successful investment portfolio.

I will probably do One Up on Wall Street pdf summary and also Beating the Street pdf summary for you guys because I think it will be super beneficial for you guys. 

Anyway, coming back to this episode, I believe one of the hardest challenges for investors is having the conviction to hold a stock when the market is going through a correction. Every now and then, market correction happens, and sometimes, even after doing enough research, we still question ourselves whether or not we have made the right decision investing in a particular stock.

I've been trying to figure this out myself. After reading many articles and blogs, I came across one particular article that spoke to me. It's about Peter Lynch's advice on how to survive a market correction and I would like to share it with you guys in this episode. 

If you would like to read about it, here's the link to the article:

LINK TO ARTICLE

If you find this podcast helpful, don't forget to subscribe and leave us a review! We'd like to hear from you!

For more info about Delugne Investing, check out Delugne.com to find out more!

If you are someone who’s struggling to manage your time between your full-time job, your family, your hobbies and you can’t seem to find the time for investing, then you are going to enjoy our next guest. 

He’s someone who's been so occupied with his full-time tutoring business and other aspects of his life yet he still manages to find time for investing.

I actually scheduled this session with him 3 weeks ago and now I have the privilege to sit down with him for this short podcast interview.

If you'd like to find out more about Wern Jyet, feel free to connect with Wern Jyet via:

Facebook Profile - www.facebook.com/wern.jyet 

Facebook Page - www.facebook.com/WJ-Teng-The-Physics-and-Math-Tutor-105883151269948

If you would like to know more about us, Delugne Investing, check out Delugne.com to find out more!

What's good, Delugne Nation! I promised you guys last Monday that I will be sharing something exciting with you guys.

What I wanted to share was that Delugne Investing will be giving away 10 books this coming Wednesday (4 Nov 2020). There are 2 different books each worth up to $50 and we're giving away 5 copies each so 10 books in total. 

Book #1:

The secret to Value Investing - Words of Wisdom From The Legendary Investor

This book is a full compilation of Warren Buffett’s investing wisdom for everyday investors. Breaking down some of his most profound and practical advice and tips for successful investing. It's also another way for you to know him, his investing style as well as his investing philosophies so that you can get started on your investing journey right away.

Book #2:

How Behavioral Finance Can Strengthen Your Investment

I have always been very particular about emotional stability and discipline in managing your emotions when it comes to investing. Because the truth is, even if you've mastered all the investing skills in the world, it is not going to make you the best investor. There are so many fund managers and analysts with amazing backgrounds, graduating from Harvard, and so on, but not all of them are as successful. 

It takes certain traits and temperament to be a great investor. And that's what this book is about. Giving you the guidance and awareness of behavioral finance to strengthen your investments.

So if you're interested, check out Delugne.com on Wednesday (4 Nov 2020), fill in your address and we will get it shipped to you. There are only 5 copies each that's available and we will be giving it away on a first-come-first-served basis. So don't miss out!

Nowadays, people are getting more aware of the importance of investing. Whether it’s in stocks, in property, bonds, and so on, we know that if we don’t invest, we are most likely going to have to work for the rest of our lives unless we have a huge enough savings sustain our lifestyle.

But then again, even with that awareness, occasionally, I still notice people asking questions like how to get started? What should I do? Should I invest in this or that? And so on.

Well…what I can say is, hold on. Why? 

There are several things to do before you start investing, like having enough savings or emergency funds especially during this pandemic in case of retrenchment. Then you want to have insurance to protect yourself from any illness or accident. And only then, you go into investing.

But even with that, it doesn’t mean you should invest immediately. So the question is, what should you do?

That is why in today’s episode, we’ll be having a conversation with a good friend of mine, Caleb. Caleb is a businessman and also a private investor. He is someone who has been investing for about a decade now and he manages a 6-7 figure investment portfolio.

Despite that, he remains to be someone who is so so humble, so easy to talk to, so giving, and always so willing to share.

I have had the privilege to speak with him not too long ago, to get him to share his experience in his investing journey and what are some of the things that beginners can do before they start investing.

But before we continue, if you’ve been listening to Delugne Investing Podcast and you find it insightful, don’t forget to follow, subscribe or leave us a review and let us know what do you think and how we can do better.

Also, I want to say to Delugne Nation, I am so so grateful for you and I hope you find this session insightful. Enjoy ~

If you want to find out more about us, check out Delugne.com to find out more!