Punch Card Investing

Frank & Jack sit down to answer your questions about all things investing!

OUR DISCORD
-Punch Card Investing Discord: https://discord.gg/yjNa2MSuCs

SHAMELESS CLONER MERCH
-Check out the "Shameless Cloner" mug and other merch designed by Karan: https://karan-gurnani.creator-spring.com/

SUBSCRIBE TO OUR CHANNELS
-Investing with Tom's Channel: https://www.youtube.com/c/investingwithtom
-Stock Compounder - Brad Kaellner's Channel: https://www.youtube.com/c/BradKaellner​​
-Karan Gurnani's Channel: https://www.youtube.com/c/KaranGurnani​​
-Investing with Frank's Channel: https://www.youtube.com/channel/UC7DSlY4iWJrLb2ShSOpBHbw
-Jack Duffley's Channel: https://www.youtube.com/c/JackDuffley​​

#valueinvesting​​​ #investing​​

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Disclaimer:
This channel, and any communication stemming from it, while hopefully informative, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a licensed professional advisor. You should assume any links posted above are affiliate links.

It's been 3 month's since we last attempted to answer the Charlie Munger inspired prompt: "Give me your best investment idea right now." Now would be a great time to revisit this topic to see if our best ideas have changed, and to evaluate how our best ideas from last time around have fared.

OUR DISCORD
-Punch Card Investing Discord: https://discord.gg/yjNa2MSuCs

SHAMELESS CLONER MERCH
-Check out the "Shameless Cloner" mug and other merch designed by Karan: https://karan-gurnani.creator-spring.com/

SUBSCRIBE TO OUR CHANNELS
-Investing with Tom's Channel: https://www.youtube.com/c/investingwithtom
-Stock Compounder - Brad Kaellner's Channel: https://www.youtube.com/c/BradKaellner​​
-Karan Gurnani's Channel: https://www.youtube.com/c/KaranGurnani​​
-Investing with Frank's Channel: https://www.youtube.com/channel/UC7DSlY4iWJrLb2ShSOpBHbw
-Jack Duffley's Channel: https://www.youtube.com/c/JackDuffley​​

#valueinvesting​​​ #investing​​

_________________________________________________

Disclaimer:
This channel, and any communication stemming from it, while hopefully informative, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a licensed professional advisor. You should assume any links posted above are affiliate links.

Naspers ($NPSNY) and Prosus ($PROSY) may provide significant asset plays given their exposure to Tencent ($TCEHY) at what appears to be a significant discount. We also go over another one of Nick Sleep's letters.

OUR DISCORD
-Punch Card Investing Discord: https://discord.gg/yjNa2MSuCs

SHAMELESS CLONER MERCH
-Check out the "Shameless Cloner" mug and other merch designed by Karan: https://karan-gurnani.creator-spring.com/

SUBSCRIBE TO OUR CHANNELS
-Investing with Tom's Channel: https://www.youtube.com/c/investingwithtom
-Stock Compounder - Brad Kaellner's Channel: https://www.youtube.com/c/BradKaellner​​
-Karan Gurnani's Channel: https://www.youtube.com/c/KaranGurnani​​
-Investing with Frank's Channel: https://www.youtube.com/channel/UC7DSlY4iWJrLb2ShSOpBHbw
-Jack Duffley's Channel: https://www.youtube.com/c/JackDuffley​​

#valueinvesting​​​ #investing​​

_________________________________________________

Disclaimer:
This channel, and any communication stemming from it, while hopefully informative, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a licensed professional advisor. You should assume any links posted above are affiliate links.

Nick Sleep's letters. These letters were pivotal in reshaping Mohnish Pabrai's investment framework, and are a source of great investing wisdom.

OUR DISCORD
-Punch Card Investing Discord: https://discord.gg/yjNa2MSuCs

SHAMELESS CLONER MERCH
-Check out the "Shameless Cloner" mug and other merch designed by Karan: https://karan-gurnani.creator-spring.com/

SUBSCRIBE TO OUR CHANNELS
-Investing with Tom's Channel: https://www.youtube.com/c/investingwithtom
-Stock Compounder - Brad Kaellner's Channel: https://www.youtube.com/c/BradKaellner​​
-Karan Gurnani's Channel: https://www.youtube.com/c/KaranGurnani​​
-Investing with Frank's Channel: https://www.youtube.com/channel/UC7DSlY4iWJrLb2ShSOpBHbw
-Jack Duffley's Channel: https://www.youtube.com/c/JackDuffley​​

#valueinvesting​​​ #investing​​

_________________________________________________

Disclaimer:
This channel, and any communication stemming from it, while hopefully informative, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a licensed professional advisor. You should assume any links posted above are affiliate links.

Bill Ackman's $PSTH recently gave an update about their deal with Universal Music Group, which is close to being completed. The deal is interesting not only because of its target, a world class music company, but also for its complexity. However, it does raise questions about SPACs in general and how regulations might affect this relatively new space in the future.

OUR DISCORD
-Punch Card Investing Discord: https://discord.gg/yjNa2MSuCs

SHAMELESS CLONER MERCH
-Check out the "Shameless Cloner" mug and other merch designed by Karan: https://karan-gurnani.creator-spring.com/

SUBSCRIBE TO OUR CHANNELS
-Investing with Tom's Channel: https://www.youtube.com/c/investingwithtom
-Stock Compounder - Brad Kaellner's Channel: https://www.youtube.com/c/BradKaellner​​
-Karan Gurnani's Channel: https://www.youtube.com/c/KaranGurnani​​
-Investing with Frank's Channel: https://www.youtube.com/channel/UC7DSlY4iWJrLb2ShSOpBHbw
-Jack Duffley's Channel: https://www.youtube.com/c/JackDuffley​​

#valueinvesting​​​ #investing​​

_________________________________________________

Disclaimer:
This channel, and any communication stemming from it, while hopefully informative, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a licensed professional advisor. You should assume any links posted above are affiliate links.

Where do speculative investments fit into a portfolio? There never seems to be a shortage of enticing, yet highly speculative opportunities. We discuss how we view speculation, the type of investing that typically ignores fundamentals for one reason or another, and what sorts of speculative investments we might carry in our portfolios from time to time (if any!).

OUR DISCORD
-Punch Card Investing Discord: https://discord.gg/yjNa2MSuCs

SHAMELESS CLONER MERCH
-Check out the "Shameless Cloner" mug and other merch designed by Karan: https://karan-gurnani.creator-spring.com/

SUBSCRIBE TO OUR CHANNELS
-Investing with Tom's Channel: https://www.youtube.com/c/investingwithtom
-Stock Compounder - Brad Kaellner's Channel: https://www.youtube.com/c/BradKaellner​​
-Karan Gurnani's Channel: https://www.youtube.com/c/KaranGurnani​​
-Investing with Frank's Channel: https://www.youtube.com/channel/UC7DSlY4iWJrLb2ShSOpBHbw
-Jack Duffley's Channel: https://www.youtube.com/c/JackDuffley​​

#valueinvesting​​​ #investing​​

_________________________________________________

Disclaimer:
This channel, and any communication stemming from it, while hopefully informative, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a licensed professional advisor. You should assume any links posted above are affiliate links.

Portfolio allocation, especially for value investors who concentrate their bets, can often get forgotten in a greater investing strategy. The same goes for position sizing. What is the ideal position sizing when investing in stocks, and how should investors construct their overall portfolios? The answer is different for every investor, so we discuss some key considerations in this episode.

OUR DISCORD
-Punch Card Investing Discord: https://discord.gg/yjNa2MSuCs

SHAMELESS CLONER MERCH
-Check out the "Shameless Cloner" mug and other merch designed by Karan: https://karan-gurnani.creator-spring.com/

SUBSCRIBE TO OUR CHANNELS
-Investing with Tom's Channel: https://www.youtube.com/c/investingwithtom
-Stock Compounder - Brad Kaellner's Channel: https://www.youtube.com/c/BradKaellner​​
-Karan Gurnani's Channel: https://www.youtube.com/c/KaranGurnani​​
-Investing with Frank's Channel: https://www.youtube.com/channel/UC7DSlY4iWJrLb2ShSOpBHbw
-Jack Duffley's Channel: https://www.youtube.com/c/JackDuffley​​

#valueinvesting​​​ #investing​​

_________________________________________________

Disclaimer:
This channel, and any communication stemming from it, while hopefully informative, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a licensed professional advisor. You should assume any links posted above are affiliate links.

Bias is a dangerous thing. Like any other bias, a strong investing bias can mask some misunderstanding. In this episode, we talk about some of the most dangerous cognitive biases for long-term investors. We also discuss the recent $PSTH announcement!

OUR DISCORD
-Punch Card Investing Discord: https://discord.gg/yjNa2MSuCs

SHAMELESS CLONER MERCH
-Check out the "Shameless Cloner" mug and other merch designed by Karan: https://karan-gurnani.creator-spring.com/

SUBSCRIBE TO OUR CHANNELS
-Investing with Tom's Channel: https://www.youtube.com/c/investingwithtom
-Stock Compounder - Brad Kaellner's Channel: https://www.youtube.com/c/BradKaellner​​
-Karan Gurnani's Channel: https://www.youtube.com/c/KaranGurnani​​
-Investing with Frank's Channel: https://www.youtube.com/channel/UC7DSlY4iWJrLb2ShSOpBHbw
-Jack Duffley's Channel: https://www.youtube.com/c/JackDuffley​​

#valueinvesting​​​ #investing​​

_________________________________________________

Disclaimer:
This channel, and any communication stemming from it, while hopefully informative, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a licensed professional advisor. You should assume any links posted above are affiliate links.

Behind many great companies is a great manager or leader. The best managers and capital allocators can turn around a struggling company, or they can launch a good business to even greater heights. We discuss some great company managers and capital allocators who have done just that.

OUR DISCORD
-Punch Card Investing Discord: https://discord.gg/yjNa2MSuCs

SHAMELESS CLONER MERCH
-Check out the "Shameless Cloner" mug and other merch designed by Karan: https://karan-gurnani.creator-spring.com/

SUBSCRIBE TO OUR CHANNELS
-Investing with Tom's Channel: https://www.youtube.com/c/investingwithtom
-Stock Compounder - Brad Kaellner's Channel: https://www.youtube.com/c/BradKaellner​​
-Karan Gurnani's Channel: https://www.youtube.com/c/KaranGurnani​​
-Investing with Frank's Channel: https://www.youtube.com/channel/UC7DSlY4iWJrLb2ShSOpBHbw
-Jack Duffley's Channel: https://www.youtube.com/c/JackDuffley​​

#valueinvesting​​​ #investing​​

_________________________________________________

Disclaimer:
This channel, and any communication stemming from it, while hopefully informative, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a licensed professional advisor. You should assume any links posted above are affiliate links.

The Q1 2021 13Fs are here! We discuss what top value investors did during the first quarter of the year.

OUR DISCORD
-Punch Card Investing Discord: https://discord.gg/yjNa2MSuCs

SHAMELESS CLONER MERCH
-Check out the "Shameless Cloner" mug and other merch designed by Karan: https://karan-gurnani.creator-spring.com/

SUBSCRIBE TO OUR CHANNELS
-Investing with Tom's Channel: https://www.youtube.com/c/investingwithtom
-Stock Compounder - Brad Kaellner's Channel: https://www.youtube.com/c/BradKaellner​​
-Karan Gurnani's Channel: https://www.youtube.com/c/KaranGurnani​​
-Investing with Frank's Channel: https://www.youtube.com/channel/UC7DSlY4iWJrLb2ShSOpBHbw
-Jack Duffley's Channel: https://www.youtube.com/c/JackDuffley​​

#valueinvesting​​​ #investing​​

_________________________________________________

Disclaimer:
This channel, and any communication stemming from it, while hopefully informative, should not be taken as financial or legal advice. Viewers should retain their own legal counsel or financial expert(s) before making their own decisions. If you need legal advice, please contact an attorney directly. If you need financial advice, please contact a licensed professional advisor. You should assume any links posted above are affiliate links.