The John Johnston Lounge

This Alibaba stock (BABA stock) news update looks closely at Alibaba's upcoming IPO of its significant logistics arm, Cainiao. See below timestamps:

00:00 The split-up of Alibaba and the Cainiao IPO

01:09 Latest disclosures on the Cainiao IPO - benefits of the IPO

03:59 A closer look at the Cainiao logistics business

06:31 Recent financial results and potential growth

07:48 First Alibaba IPO of more

Related episodes:

Alibaba Reveals Break-Up Plan! | Big BABA Stock Upside?

https://youtu.be/spwgEGJlxmc

Alibaba Update: Cloud Spinoff & More Coming

https://youtu.be/KBQBNM_-icI

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

Using a referral link helps support the show, thanks!

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. 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 discuss part of the latest Jeremy Grantham interview, in which the billionaire value investor offers his thoughts on Tesla stock as an investment, Tesla the company, and Elon Musk as its leader. See below for timestamps:

00:00 Jeremy Grantham on Elon Musk and TSLA Stock

00:28 Grantham's Tesla stock loser story

02:05 A wonderful propagandist - manifesting Tesla from BS and charisma

03:05 Comparing Elon Musk to Ivar Kreuger, The Match King

06:42 Jim Chanos - shorting Tesla stock has not worked yet

07:38 Tesla kicking butts; will it continue?

Related episodes:

Jeremy Grantham: We're STILL in A Stock Market Super Bubble

https://youtu.be/GQ_GxG2y8_U

Previous Tesla:

Tesla Stock News - Price & Margin Cuts! | TSLA Stock Update

https://youtu.be/55gGV8McQFw

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

Using a referral link helps support the pod, thanks!

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. 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 summarize and discuss the latest Jeremy Grantham interview, with The Compound and Friends, in which the billionaire investor and financial bubble historian again discussed the super-bubble he currently sees in the US stock market in 2023, and in global real estate markets. See timestamps below for sections:

00:00 Jeremy Grantham bubble historian or eager permabear?

01:41 Calling the exact bottom in 2009

02:25 Are we in a major stock market bubble?

03:40 The global real estate bubble

05:28 Grantham's investing strategy during the bubble

06:13 Shorting the Russell 2000 

08:26 Long non-US equities

08:55 Is it different this time?

10:06 The biggest bubble in history

11:03 Could it be different because of the US tech megacaps?

13:09 The next 7 years

Related episodes:

Jeremy Grantham: Super Bubble Bursting, Recession Imminent

https://youtu.be/ELQVtf5ZIeM

Jeremy Grantham: AI Boom Pauses Super-Bubble Bust!

https://youtu.be/ATP0GGON2B0

Referenced interview:

The Bubble Hasn't Burst Yet I TCAF 110 @TheCompound

https://youtu.be/aanwMfrSjP0

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

Using a referral link helps support the pod, thanks!

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. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

Constellation software is a high-quality serial acquirer company with an incredible capital allocator Mark Leonard leading it. Constellation Software stock has produced excellent stock market returns for many years. This episode is a primer on Constellation Software, its legendary founder and President Mark Leonard, and its recent European spin-off Topicus. See timestamps below for specific sections:

00:00 Mark Leonard, Constellation Software and spin-off Topicus

00:33 Who is Mark Leonard?

00:51 Constellation Software stock returns over time (TSE: CSU)

02:02 The founding of Constellation Software

02:48 Influence of Mark Leonard's investing mentor Steve Scotchmer

04:39 The focus on Vertical Market Software businesses

05:48 Business attributes Leonard looks for when acquiring

07:13 Constellation Software, a super serial acquirer

08:32 Consistently high returns on capital

09:00 Superior capital allocation within a serial acquirer model

11:35 Holding company structure - many small parts, strong whole

12:22 The Topicus spinoff - Vertical Market Software in Europe

14:33 Topicus stock performance so far (CVE: $TOI)

Related episodes:

Mohnish Pabrai Talks Constellation Software & Mark Leonard

https://youtu.be/xPI773-AE-I

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

Using a referral link helps support the pod, thanks!

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. 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 two of the latest Mohnish Pabrai interviews, the well known value investor and fund manager discussed why he thinks Tencent is a superior company to Alibaba, indicating that he thinks Tencent stock should perform better than Alibaba stock over the long term. Pabrai sold BABA stock and switched it for a stake in Tencent, via a company called Prosus. Pabrai provides a brief and partial Tencent stock analysis, comparing it with Alibaba.

Timestamps

00:00 Mohnish Pabrai on Alibaba vs Tencent

00:33 Switching from BABA stock to Tencent, via Prosus

01:27 Tencent's Pony Ma, an extraordinary entrepreneur

02:32 Why BABA and Tencent investments haven't worked so far

03:56 BABA and the too hard pile

05:02 Tencent getting an easier ride: Pony Ma vs Jack Ma

06:23 Benefits of investing in smaller companies globally instead

Related episodes:

Guru Portfolios Q2 2023: Pabrai, Akre, Klarman, Gayner

https://youtu.be/oxAXpnu3oXY

Alibaba Earnings  - Return to Growth! | BABA Stock

https://youtu.be/cxh_-fCWjxU

Alibaba Stock: CEO Quits! George Soros Buys BABA Stock

https://youtu.be/FbUoblWv50s

Chris Mayer 100 Baggers: Stocks That Return 100 to 1!

https://youtu.be/59CuGd2aAwg

Investing Books mentioned:

100 Baggers: Stocks That Return 100-to-1 and How To Find Them,

by Chris Mayer (referral link) https://amzn.to/44ZJk0f

Investing for Growth: How to make money by only buying the best companies in the world, by Terry Smith (referral link) https://amzn.to/3EFZXmV

Using a referral link helps support the pod, thanks!

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

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. 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 Alibaba stock (BABA stock) update analyzes why Alibaba CEO Daniel Zhang has quit, just as he was about to transition to lead Alibaba Cloud ahead of its planned spinoff. Next we look at the news that the planned Freshippo IPO is being delayed, and the reason why. Finally, we examine the news that legendary investor George Soros has bought some BABA stock, and we look at which other super-investors currently own BABA stock.

Timestamps

00:00 Three Alibaba news highlights

00:19 Alibaba CEO Daniel Zhang steps down

03:28 Zhang Leaving Alibaba but not really

06:03 Why is Freshippo IPO is being delayed

07:21 How the BABA stock price has reacted

08:22 Investor George Soros buys Alibaba stock

11:34 Other super-investors who own BABA stock

Related episodes:

Alibaba Earnings  - Return to Growth! | BABA Stock https://youtu.be/cxh_-fCWjxU

Alibaba Reveals Break-Up Plan | Big BABA Stock Upside https://youtu.be/spwgEGJlxmc

Alibaba Update: Cloud Spinoff & More Coming https://youtu.be/KBQBNM_-icI?si=8i7oVVANrZUH3yuI

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

Using a referral link helps support the show, thanks!

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. 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 summarize and discuss the latest Jeremy Grantham interview, with Bloomberg Wealth's David Rubenstein, in which the billionaire veteran investor Grantham discussed the super bubble he currently sees deflating the US stock market. Grantham believes the deflating of the super bubble is now being prolonged by a new artificial intelligence (AI) mini bubble, but that the US stock market crash will continue, leading into a US economic recession lasting deep into 2024.

Timestamps:

00:00 Jeremy Grantham interview intro

00:39 Grantham the financial doomsday oracle - predicting market bubbles

01:42 Deflating of the super bubble leading to recession

02:42 Learning to identify and resist a stock market bubble

04:11 2021 tech bubble: one of the great stock market bubbles

04:42 Will there be a US recession in 2023 or 2024?

05:51 AI bubble pausing the super-bubble bust 

06:19 Will Jeremy Grantham be right or wrong?

Related episodes

Jeremy Grantham: AI Boom Pauses Super-Bubble Bust  https://youtu.be/ATP0GGON2B0

Investor Jeremy Grantham: Super Bubble Enters Final Phase https://youtu.be/tTFO3Qn5e20

Investor Seth Klarman on the Everything Bubble

https://youtu.be/C4rs2M_lOKw

Stan Druckenmiller Still Predicts Hard Landing Recession

https://youtu.be/8Ue-etn4E74

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

Using a referral link helps support the show, thanks!

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. 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 TSLA stock news today, this update includes a look at recent Tesla stock price movements, a brief look at the new Tesla Model 3 update, and the significant price cuts to the Tesla Model S and Tesla Model X, as well as the surprise price cut to Tesla FSD!

Timestamps

00:00 Tesla news intro

00:25 Tesla stock price update

02:49 New Tesla Model 3 update

05:08 Tesla car price cuts

05:50 Tesla FSD price cut

07:38 Are Tesla price cuts good for investors?

08:52 Chamath Palihapitiya's take on Tesla price cuts

10:57 Short seller Jim Chanos' take on Tesla price cuts

12:01 Final thoughts

Related episodes:

The Art of Value: Tesla Stock playlist

https://youtube.com/playlist?list=PLrNjj1l3MS7UkaBPMBFJF26HHxpUgH9zQ&si=3vm88_m1NpQXt-yn

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

Using a referral link helps support the show, thanks!

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. 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 Alibaba stock update includes a closer look at BABA stock in relation to the current Chinese economy and China stock market, including new Chinese government measures to support the stock market. I also compare the performance of BABA stock to younger megacap competitor PDD stock (PDD Holdings), which operates Pinduoduo and Temu.

Timestamps

00:00 Alibaba stock update intro

00:20 China's measures to support the stock market

01:35 Is China uninvestable?

02:27 China's real estate market crisis

03:44 Positive Alibaba news - Alibaba Cloud AI development

06:56 Alibaba stock (BABA) performance

08:40 BABA stock vs PDD stock performance

Related episodes:

Alibaba Earnings  - Return to Growth! | BABA Stock

https://youtu.be/cxh_-fCWjxU

Alibaba Reveals Break-Up Plan | Big BABA Stock Upside https://youtu.be/spwgEGJlxmc?si=qaWComlNbSC2ZiIE

Alibaba Update: Cloud Spinoff & More Coming https://youtu.be/KBQBNM_-icI?si=8i7oVVANrZUH3yuI

China Stocks UNINVESTABLE or HISTORIC VALUE OPPORTUNITY https://youtu.be/qfrjfIEx1vw

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

Using a referral link helps support the show, thanks!

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. 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 includes a summary and thoughts on the Alibaba June Quarter 2023 Results, in the context of the current China economic backdrop and the huge drop BABA stock has had since its peak in late 2020.

Timestamps

00:00 Alibaba earnings in the China economic context

01:55 High level financial results - growth and efficiency

03:58 Cash flow and cash allocation

07:14 Individual business segments intro

07:30 Taobao and Tmall Group

08:51 Alibaba International Digital Commerce Group

09:32 Local Services Group

09:58 Cainiao Smart Logistics Network

10:38 Cloud Intelligence Group

11:44 Digital Media and Entertainment

12:25 All Others segment

12:45 Final thoughts on the Alibaba Results

Related episodes:

Alibaba Reveals Break-Up Plan | Big BABA Stock Upside? https://youtu.be/spwgEGJlxmc?si=JSvlBYfVY8eyWvL0

Alibaba Update: Cloud Spinoff & More Coming https://youtu.be/KBQBNM_-icI?si=8i7oVVANrZUH3yuI

Alibaba Full Year Earnings Update | BABA Stock https://youtu.be/caAUsjmMGRw?si=sm-y8SCrGg4B6K9u

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

Using a referral link helps support the show, thanks!

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. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.