The John Johnston Lounge

I react to a recent interview with Prof. Aswath Damodaran from NYU, "The Dean of Valuation", who explains why he thinks the market is currently overpriced, and investors are pricing-in near future downside risks adequately. He discusses inflation,The Fed, the bond market, interest rates, and a possible US recession. 

Related episodes:

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: Inflation is going to drive the market not the Fed, says NYU's Aswath Damodarn https://youtu.be/MmCFptx-34I

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 report and discuss the latest Alibaba stock news that the Chinese tech company has increased its rate of share repurchasing by making its second biggest ever quarterly share repurchases, with plans for a lot more.

Related episodes:

Alibaba Stock: Super Investor Charlie Munger Sold!

https://youtu.be/vm_YLphHocQ

Why Alibaba is Scrapping Cainiao IPO | BABA Stock

https://youtu.be/ClE-h5223FQ

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

https://youtu.be/eZ4x8z2qjII

Join The Art of Value Patreon for exclusive content and to support the channel: 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.

The late super investor Charlie Munger has posthumously sold a substantial percentage of Alibaba stock, which was part of the Daily Journal Corp portfolio he managed. Did he leave instructions to sell BABA stock, or not? We also look at exactly what Charlie Munger said about his BABA stock holding before his death, and investing in China in general. See Timestamps below:

00:28 Charlie Munger’s Daily Journal Corp portfolio changes

02:11 Charlie Munger on his Alibaba stock investment

05:26 Charlie Munger on investing in China

Related episodes

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

https://youtu.be/eZ4x8z2qjII

Alibaba Stock Earnings Summary + My Opinion | BABA Stock

https://youtu.be/TJnjxv8LNL0

The Art of Value Alibaba Stock Playlist:

https://youtube.com/playlist?list=PLrNjj1l3MS7XjzElr0IE-E5uw5eAAtmmU&si=UX7hocmkh-Nx0fjE

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

Join The Art of Value Patreon for exclusive content and to support the channel: 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.

In this episode we take a look at the news that sent Spotify stock up over 8% in one trading session, and I give my long term thoughts on the company. See below timestamps:

00:00 Spotify stock recent and past price action

03:05 Latest Spotify news

09:27 My reactions to the news on mainstream finance media

13:47 Some Spotify financial metrics

Related video

Spotify Stock: Q4 2023 Earnings Live | Spotify Stock Analysis https://www.youtube.com/live/ywMJ3pvl2qA

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

Join The Art of Value Patreon for exclusive content and to support the channel: 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.

Is it time to buy the multi-year TSLA stock dip? I react to some Tesla news clips about the disappointing delivery numbers for Q1, and give my opinion on the situation Tesla finds itself in. How low will Tesla stock go this time, and is it worth buying the Tesla stock dip now? See below timestamps:

00:27 Tesla stock recent price action

01:21 Tesla deliveries news: down 8.5% from a year ago

08:42 Analyst Dan Ives on Tesla’s Q1 delivery result

12:54 Where to from here? A buy the dip moment?

Related episodes:
Tesla Stock: Is Tesla In Trouble?! https://youtu.be/lLqH06cXJYM

Tesla Stock Investors Must Know About Tesla Bot & Humanoids https://youtu.be/dlBYMSQ-LFE

Reference videos:

CNBC: Tesla shares fall after deliveries drop 8.5% from a year ago https://youtu.be/4aHODcR_b7c

CNBC: Tesla: Here's why Wedbush analyst Dan Ives has an outperform rating on the stock https://youtu.be/esVqOo5DjDc

CNBC: Tesla falls on Q1 deliveries miss

https://youtu.be/ZzfUDLEo3RE

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

Join The Art of Value Patreon for exclusive content and to support the channel: 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.

My small cap and mid-cap stock portfolio shown in this episode returned over 30% in the first quarter of 2024, which is more than triple the return of the S&P 500 and the NASDAQ indices for the period. I walk through the 8-stock portfolio to show how this happened. See below timestamps:

00:15 Stock portfolio performance

01:46 Stock 1: Topicus

04:36 Stock 2

05:25 Stock 3

06:10 Stock 4 

07:46 Stock 5 

08:54 Stock 6: Tiny Ltd

10:47 Stock 7 

11:36 Stock 8

Join The Art of Value Patreon for exclusive content and to support the channel: ⁠https://www.patreon.com/TheArtofValue⁠

Related episodes 

Next Compounding Beast? Constellation Software Spinoff Topicus https://youtu.be/5O2srvIx_AQ

Mohnish Pabrai Buys PayPal + These Stocks for Wagons Fund  https://youtu.be/dr75eoQRvcY

A Next Gen Warren Buffett? Tiny's Andrew Wilkinson https://youtu.be/-fs9P_phqfQ

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

The main investment brokerage I use to buy international stocks, and to hold cash, 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.

This episode is an edit of my latest Patreon-only weekly update, to give a taster of some of the exclusive content provided there. This week: additional thoughts on the week’s episodes on Mohnish Pabrai and Alibaba stock, the Reddit IPO, and 2 new portfolio stocks, and more.

Related episodes:

Why Alibaba is Scrapping Cainiao IPO | BABA Stock

https://youtu.be/ClE-h5223FQ

Mohnish Pabrai: “Be A Shameless Cloner Like Me”

https://youtu.be/VC--Atki3TU

Mohnish Pabrai: Why Great Stock Ideas Are Rare

https://youtu.be/cIasDBIkoM0

Join The Art of Value Patreon for exclusive content and to support the channel: 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 report and discuss the latest Alibaba stock news that Alibaba is scrapping the previously planned IPO of its large logistics unit Cainiao, and is planning to acquire the remaining stake it does not own. See below timestamps:

00:14 Cainiao IPO withdrawal and share acquisition news

01:46 Recent BABA stock price action

02:40 Investing for strategic growth 

08:15 Cainiao segment financial results - revenue growth

09:07 Mainstream financial media take on the news

Related episodes:

Alibaba Stock: Is The Bottom In? Chairman Joe Tsai Interview! https://youtu.be/eZ4x8z2qjII

Alibaba Stock Earnings Summary + My Opinion | BABA Stock https://youtu.be/TJnjxv8LNL0

Join The Art of Value Patreon for exclusive content and to support the channel: 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 respond to parts of recent Mohnish Pabrai Q&As, in which Pabrai discusses his concept of being a shameless cloner investor, and how to go about it successfully. Shameless cloning means a lot more than just copying the stock buys of great investors. See below timestamps:

00:34 How to be a good shameless cloner investor

04:32 Circle of competence and market mispricings

07:51 Knowing which rabbit holes to go down

11:25 There’s always a bear market with opportunity somewhere 

Related episodes:

Mohnish Pabrai: Why Great Stock Ideas Are Rare

https://youtu.be/cIasDBIkoM0

Mohnish Pabrai Buys PayPal + These Stocks for Wagons Fund

https://youtu.be/dr75eoQRvcY

Reference videos:

Mohnish Pabrai's Session with Columbia Business School (CSIMA) on February 14, 2024

https://youtu.be/ZrJA8q5Yixg

Mohnish Pabrai's Q&A at London School of Economics on January 30, 2024

https://youtu.be/1xpY7-uyPqo

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

I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (referral link): http://tikr.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/?r=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 respond to a recent Mohnish Pabrai Q&A with Columbia Business School students, in which Pabrai discusses just how rare truly great investment ideas are, and how some of the greatest ever investors, Warren Buffett and Charlie Munger, learnt to find them over time.

Related episodes:

Mohnish Pabrai Buys PayPal + These Stocks for Wagons Fund https://youtu.be/dr75eoQRvcY

Mohnish Pabrai Warns: Don’t Compete With Elon & Tesla https://youtu.be/8gCgf383e4E

Why Mohnish Pabrai Sold Micron Technology Stock | MU Stock https://youtu.be/snHXxif4bmI

Reference video:

Mohnish Pabrai's Session with Columbia Business School (CSIMA) on February 14, 2024 https://youtu.be/ZrJA8q5Yixg

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.