The John Johnston Lounge

Tesla stock news! The much anticipated Tesla Earnings results for Q1 2024 are out. I react to key moments in the Tesla Earnings Call with Elon Musk. Elon discusses autonomous driving and Tesla FSD, the future of Tesla Optimus humanoid robot, his own future at Tesla, the fast-growing Tesla energy storage segment, and more.

Timestamps:

00:28 Reacting to Elon Musk’s opening remarks

05:12 Tesla Q1 Financial highlights 

07:40 Production of Optimus, sales estimate

09:36 FSD regulatory approval

12:00 Tesla Robotaxi fleet - like Uber and Airbnb combined

15:18 More affordable Tesla vehicles?

16:34 Tesla Megapack Energy Storage ramp

18:32 Elon’s future at Tesla

21:55 On Tesla solving autonomy

23:55 Elon’s control of Tesla the company

Related episodes:

Tesla Stock Investors MUST Know This About Tesla Bot

https://youtu.be/dlBYMSQ-LFE

Mohnish Pabrai on Tesla Stock vs BYD vs Stellantis

https://youtu.be/sabHl4rrHls

Mohnish Pabrai Warns: Don’t Compete With Elon & Tesla

https://youtu.be/8gCgf383e4E

Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue

Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

I react to part of the first Pabrai Wagons Fund investor call, in which Pabrai discusses his new Microsoft and Amazon stock holdings. Pabrai fields questions from investors about why he bought MSFT and AMZN for the new mutual fund.

Timestamps:

00:54 Why buy Microsoft & Amazon at the current market valuations?

03:54 Two truly exceptional businesses… 

07:00 Microsoft: an almost indestructible franchise

Related episodes:

Mohnish Pabrai Buys Occidental Petroleum + These Stocks 

https://youtu.be/LRtIBi2SUsw

Mohnish Pabrai Buys PayPal + These Stocks for Wagons Fund

https://youtu.be/dr75eoQRvcY

Mohnish Pabrai’s New Fund Buys EBAY & These Stocks

https://youtu.be/dnM_AoC6mzI

Recommended investing book:

Where the Money Is: Value Investing in the Digital Age, by Adam Seesel (referral link) https://amzn.to/49QpW8n

Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue

I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (referral link):

https://www.gurufocus.com/?affid=2c95d5930bb2537b2e0265075fb66581

Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

Here’s an update of the top 10 positions in the Mohnish Pabrai Wagons Fund stock portfolio, for Q1 2024, and a recap of the 20 positions held at the end of Q4 2023. There have been some additions to the portfolio, including adding Occidental Petroleum stock. Did Pabrai “shameless clone” this stock from Warren Buffett himself? 

Timestamps:

00:14 Pabrai Wagons Fund investor updates

02:15 Portfolio recap, December 2023 - 20 stock portfolio

04:24 Pabria Wagons Fund, March 2024 top 10 holdings

07:10 Individual stock additions, close up - 4 new stocks

Related episodes:

Mohnish Pabrai Buys PayPal + These Stocks for Wagons Fund

https://youtu.be/dr75eoQRvcY

Mohnish Pabrai’s New Fund Buys EBAY & These Stocks

https://youtu.be/dnM_AoC6mzI

Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue

I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (referral link):

https://www.gurufocus.com/?affid=2c95d5930bb2537b2e0265075fb66581

I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (referral link): http://tikr.com/theartofvalue

Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

I respond to well known finance YouTuber Financial Education, Jeremy Lefebvre, who discusses the overall stock market underperformance of small cap stocks recently, including in his portfolio, and in what scenarios they could explode higher soon. I also discuss my recent positive experiences with small cap stock performance.

Related episodes:

Market Crash? Meet Kevin +Jeremy Lefebvre Just Said What!!

https://youtu.be/fEcZbWaNZSk

Reference video:

These Stocks Will EXPODE Soon but….

https://youtu.be/7ym8FUJnKV0

Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue

I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (referral link):

https://www.gurufocus.com/?affid=2c95d5930bb2537b2e0265075fb66581

Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

I react to and discuss another recent interview with Fundstrat’s Tom Lee, in which he again attempts to predict the short and medium term trajectory of the stock market based on macroeconomic factors, including the level of the S&P 500 by yearend. I also discuss a recent interview with Interactive Brokers Chair Thomas Peterffy, who observes that margin loans are at an all time high, and discusses the possible stock market implications. See below timestamps:

00:23 Tom Lee - Buying The Dip

06:05 Thomas Petterffy - Margin loans warning sign

Join The Art of Value Patreon community for exclusive videos and more: ⁠https://www.patreon.com/TheArtofValue⁠

Related episodes:

Tom Lee: Bullish New Stock Market Prediction

https://youtu.be/ocLm3eHGdAk

Inflation Comes In Hot, Stocks Panic! (Larry Summers interview) https://youtu.be/hFRxnMmniqQ

Aswath Damodaran: Why The Stock Market Is Now Overpriced https://youtu.be/IM-F4YVQ3jk

Reference videos:

CNBC: This dip will be bought as there's a lot less leverage in the market, says Fundstrat's Tom Lee

https://youtu.be/Kc8lM4NXjDA

CNBC: Interactive Brokers Chairman Peterffy: 'I get the feeling the market is somewhat exhausted'

https://youtu.be/Jtt1updm6-8

The main investment brokerage I use to buy international stocks, and to hold cash at good interest rates, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664

Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

I react to and discuss part of a recent interview with Alibaba co-founder & Chair Joe Tsai, conducted by Norges Bank Investment Management. In this part, Joe Tsai discusses starting out as an investor before co-founding Alibaba, meeting Jack Ma, scaling Alibaba, falling behind the increasingly intense competition in China, acknowledging mistakes, and recently reorganising Alibaba to course correct. Alibaba stock ticker: BABA.

See below timestamps:

00:36 Starting as an investor

01:48 Meeting Jack Ma at startup Alibaba

04:27 Monetizing and scaling Alibaba with Jack Ma

07:33 Falling behind the competition and acknowledging mistakes

08:49 Reorganizing Alibaba to correct course

The Art of Value: Alibaba Stock channel is here: https://www.youtube.com/@TheArtOfValueBABA

Related episodes:

Alibaba Stock: New Jack Ma Memo Hints at Return?

https://youtu.be/vfRp0GVBn1w

Alibaba Stock: Is The Bottom In? Chairman Joe Tsai Interview!

https://youtu.be/eZ4x8z2qjII

Alibaba Stock: BABA Supersizes Share Buybacks!

https://youtu.be/PuuoIB05p7M

Reference video interview:

Joe Tsai Co-founder & Chair of Alibaba | In Good Company | Norges Bank Investment Management

⁠https://youtu.be/mT6mRJehJdw⁠

Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue

Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

I react to a recent interview with Fundstrat Managing Partner Tom Lee, in which he boldly predicts the short term trajectory of US inflation, interest rates, and the level of the S&P 500 by yearend.

Join The Art of Value Patreon community for exclusive videos and more: ⁠https://www.patreon.com/TheArtofValue⁠

Related episodes:

Inflation Comes In Hot, Stocks Panic! (Larry Summers interview) https://youtu.be/hFRxnMmniqQ

Aswath Damodaran: Why The Stock Market Is Now Overpriced https://youtu.be/IM-F4YVQ3jk

Aswath Damodaran: Nvidia “Priced To The Point of Insanity” https://youtu.be/DCI9iQC_hvs

Aswath Damodaran: All Mag 7 Stocks Overpriced, NVDA INSANELY! https://youtu.be/CzKpib62RLQ

Reference video:

CNBC: Fed can't argue against three hotter-than-expected inflation reports, says Fundstrat's Tom Lee https://youtu.be/C5qZ3HLsUOo

I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (referral link):

https://www.gurufocus.com/?affid=2c95d5930bb2537b2e0265075fb66581

Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

Recent Inflation numbers have came in unexpectedly high, and the stock market reacted immediately to the downside on the news. In this episode I react to some of an interview with Former Treasury Secretary and current OpenAI board member Larry Summers, who is critical of how The Fed is handling inflation and the US economy.

Related episodes:

Aswath Damodaran: Why The Stock Market Is Now Overpriced

https://youtu.be/IM-F4YVQ3jk

Aswath Damodaran: Nvidia Stock “Priced To The Point of Insanity” 

https://youtu.be/DCI9iQC_hvs

Aswath Damodaran: All Mag 7 Stocks Overpriced, NVDA INSANELY!

https://youtu.be/CzKpib62RLQ

Reference video:

CNBC: Summers Says Fed Should Not Cut Rates Right Now https://youtu.be/LXDNZuYUn-o

Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue

Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

I’ve started a new, dedicated Alibaba stock (BABA stock) YouTube channel, The Art of Value: Alibaba Stock. If you regularly enjoy my Alibaba stock videos here, please do subscribe to the new channel, as it will be all Alibaba, all the time! 

Here’s a link to the new channel:

https://www.youtube.com/@TheArtOfValueBABA

And here’s the very first video: 

Alibaba Stock: New Jack Ma Memo Hints at Return? https://youtu.be/vfRp0GVBn1w

Stay tuned (subscribed with notifications on) for more!

For the very first video on my new, dedicated Alibaba stock YouTube channel, I report and discuss this latest Alibaba stock (BABA stock) and co-founder Jack Ma news. Jack Ma has posted another surprise morale-boosting internal memo to Alibaba staff. Could Jack Ma also be hinting at a comeback to the company? I look for clues in the memo.

Related videos:

The Art of Value: Alibaba Stock News: Surprise Jack Ma Memo! My Thoughts | BABA Stock

https://youtu.be/mp6SdoFt2iY

The Art of Value: Alibaba Stock: BABA Supersizes Share Buybacks!

https://youtu.be/PuuoIB05p7M

The Art of Value: Alibaba Stock: Super Investor Charlie Munger Sold!

https://youtu.be/vm_YLphHocQ

Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue

Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.