The John Johnston Lounge

Legendary "Big Short" Investor Michael Burry just revealed a new big short! I look at how Burry's shorting the US stock market, and I also take a look at his new long stock portfolio updates.

Timestamps:

00:00 Michael Burry Intro

00:24 Michael Burry's 2 new big short positions

03:34 Burry's pessimistic outlook

04:40 Past and future SPY and QQQ

06:41 Burry's Q2 long stock investments

08:27 Burry's Q2 sold stocks

10:12 Deep value + macro investing

11:25 Net-flat market for next decade?

12:53 Final thoughts

Related episodes:

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

https://youtu.be/oxAXpnu3oXY

Guru Portfolios Q2 2023: Li Lu & David Tepper

https://youtu.be/shsDsTjUQN8

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.

Here's a detailed look at the stock portfolio updates of two guru or superinvestors from Q2 2023: Li Lu of Himalaya Capital Management and David Tepper of Appaloosa Management. See timestamps below for investor sections.

Timestamps:

00:00 Li Lu and David Tepper Intro

00:15 Li Lu portfolio overview

01:10 Micron Technology (MU)

02:29 East West Bancorp (EWBC)

02:53 Postal Saving Bank of China (SHA: 601658)

03:33 David Tepper portfolio overview

03:46 Nvidia (NVDA)

04:44 Tepper stock buys and sells

08:13 Alibaba (BABA)

10:20 Uber (UBER)

11:20 Pinduoduo (PDD)

11:48 Previous update: Pabrai, Akre, Klarman, Gayner

Related episodes:

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

https://youtu.be/oxAXpnu3oXY

Everything Mohnish Pabrai Said About Investor Li Lu

https://youtu.be/rqz0_soraHI

Why Druckenmiller Owns Nvidia Despite "Nosebleed Territory”

https://youtu.be/QP496jwcumk

Crucial Reason Mohnish Pabrai is Buying Micron: OLIGOPOLY! | MU Stock

https://youtu.be/moqHjmcItFg

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 show, thanks!

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. 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 a look at the portfolio updates of four guru or superinvestors from Q2 2023. The investors include Mohnish Pabrai, Chuck Akre, Seth Klarman, and Thomas Gayner. See timestamps below for investor sections.

Timestamps:

00:00 Guru portfolios Q2 2023 Intro

00:26 Mohnish Pabrai - Pabrai Investments

03:04 Alpha Metallurgical Resources (ticker: AMR)

07:00 Consol Energy Inc (stock ticker: CEIX)

08:25 Brookfield Corp (stock ticker: BN)

09:52 Micron Technology (stock ticker: MU)

10:58 Chuck Akre - Akre Capital Management

14:56 Thomas Gayner - Markel Asset Management

20:11 Seth Klarman - Baupost Group

Related episodes:

Crucial Reason Mohnish Pabrai is Buying Micron: OLIGOPOLY! | MU Stock https://youtu.be/moqHjmcItFg

Everything Mohnish Pabrai Said About Investor Li Lu

https://youtu.be/rqz0_soraHI

Chuck Akre Said This About How to Find 100 Baggers

https://youtu.be/xoKe1AvquTI

Investor Seth Klarman on the Everything Bubble

https://youtu.be/C4rs2M_lOKw

Guru Portfolios: Buffett, Pabrai, Li Lu, Akre, Ackman, Tepper, Gayner

https://youtu.be/PfnuMxrVAhc

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 show, thanks!

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

Warren Buffett, founder and CEO of Berkshire Hathaway and arguably the greatest investor of all time, has some simple rules for successful investing. I look at seven of Buffett's top rules that could help us improve our investing returns over time.

Timestamps:

00:00 Warren Buffett's simple investing rules - Intro

00:14 First investing rule

02:35 Second investing rule

03:35 Third investing rule

05:08 Fourth investing rule

06:35 Fifth investing rule

08:20 Sixth investing rule

10:07 Seventh investing rule

12:30 Final thoughts on Buffett's investing rules

Related content:

Warren Buffett & Charie Munger: Best Investing Opportunities

https://youtu.be/URCZdkj3GqQ

Berkshire AGM 2023 Highlights: Warren Buffett on Elon, EVs, Apple

https://youtu.be/V6SGsxYN7tw

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.

JJ discusses the classic stock investing book 100 to 1 in the Stock Market, in which author Thomas Phelps, after decades of research, reveals what it takes to find and hold stocks that can deliver 100x returns for stock investors.

Timestamps:

00:00 100 to 1 in the Stock Market intro

01:06 Buying right and holding on

02:31 First attribute to look for

03:27 Second attribute to look for

03:50 Third attribute to look for

04:11 Fourth attribute to look for

04:29 Why holding for the long term is so important

06:58 How much should we pay-up for quality?

09:28 Final thoughts

Related content:

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

Books mentioned in this episode:

100 to 1 in the Stock Market: A Distinguished Security Analyst Tells How to Make More of Your Investment Opportunities by Thomas Phelps (referral link) https://amzn.to/43WfB7M

100 Baggers: Stocks That Return 100-to-1 and How To Find Them by Christoper Mayer (referral link) https://amzn.to/3qnUI7J

Using a referral link helps support the pod, thanks!

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

JJ discusses the latest Memo from legendary value investor Howard Marks, Taking the Temperature, in which Marks explains his strategy of taking the temperature of the stock market at any given time. Marks has made only 5 stock market calls since 2000, and got them right. He thinks we can do it too.

Timestamps:

00:00 Howard Marks, Taking the Temperature intro

01:15 Jan 2000 : Calling the Dotcom Bubble bust

03:40 2004-2007: A slow developing train wreck

05:26 2008: Subprime and the Global Financial Crisis

06:45 Late 2008: Putting money to work in a cold market

08:09 2012: The death of equities? Déjà vu all over again

11:09 March 2020: Market panic and fear - a time to buy

13:11 How we can make correct market calls

15:27 Stock market pattern recognition

Related content:

Howard Marks Says Historic Stock Market Sea Change Has Begun

https://open.spotify.com/episode/0P39cFztbVFU369YbFjNCK?si=bdc9c45581e44c63

Investing books featured in the episode:

Mastering The Market Cycle: Getting the Odds on Your Side by Howard Marks (referral link)

https://amzn.to/3qdVK6g

Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor (referral link) https://amzn.to/3Ykgw0C

Using a referral link helps support the pod, thanks!

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

I summarize and discuss what investor Mohnish Pabrai has said in recent Q&A interviews about his friend and colleague, legendary investor Li Lu.

Timestamps:

00:00 Mohnish Pabrai on Li Lu Intro

00:20 Why Charlie Munger gave Li Lu $80 million to invest

00:55 How Li Lu became a great investor

03:11 Looking for investing anomalies

04:39 How Mohnish Pabrai got to know Li Lu

05:17 An missed opportunity from Li Lu

06:00 A captured opportunity from Li Lu: Moutai

Related content:

Investor Li Lu Buying MORE Google Stock | Why https://youtu.be/is9frHZaGYg

Mohnish Pabrai's Q&A session with the Finance Club of IIT Patna on May 10, 2023 https://youtu.be/Qgtb7LnvP6Y

The Investing with Tom Podcast #38: Monsoon Pabrai on Meeting Buffett, China Tech, Moutai and more https://youtu.be/YF1CTPViYHo

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 pod, 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 respond to what famous "Big Short" investor Steve Eisman is currently predicting for US the stock market. Eisman was recently interviewed by CNBC about the recent US stock market melt-up, and the current economic environment.

Timestamps:

00:00 "Big Short" investor Steven Eisman intro

00:23 Most anticipated recession and the market melt-up

01:32 Time to take profits or hold?

02:24 Do higher rates matter?

02:37 "Growth stocks" vs ""Value stocks"

03:35 What happened to the banking crisis?

04:58 The Magnificent Seven stocks and the AI Boom

05:39 My final thoughts

Related content:

Stock Market Crash Over? Big Short Investor Eisman Predicts

https://youtu.be/f-U-ff8RP7M

Why Druckenmiller Owns Nvidia Despite "Nosebleed Territory”

https://youtu.be/QP496jwcumk

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 pod, 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 this episode I summarize and discuss a talk by investor and fund manager Mohnish Pabrai on US stock market bubbles since the 1920s. We look at the Motors Bubble, the Tronics Bubble, the Nifty-Fifty Bubble, and the Dotcom Bubble. I also discuss very recent market bubbles, including the EV bubble and emerging AI bubble.

Timestamps:

00:00 Mohnish Pabrai stock market bubbles Intro

00:22 The Motors Bubble (1921) and the EV Bubble (2020-21)

02:40 The Tronics Bubble (1959-62) and the emerging AI bubble (2023-?)

04:23 The Dotcom Bubble (1997-2000)

06:49 The Technology Innovation Hype Cycle

07:32 ARK Innovation ETF (ARKK), EV sector, AI boom - 2020-23

09:07 Stock market: new blood and short memories

10:02 Rhyming with the Dotcom Bubble - 2020-21

11:19 The Nifty-Fifty Bubble and bust (early 1970s)

12:49 A shock to the system

Related episodes:

Mohnish Pabrai on Mistakes, AI Euphoria, Nvidia, Microsoft

https://youtu.be/zs7pdV3fSJc

Why Druckenmiller Owns Nvidia Despite "Nosebleed Territory”

https://youtu.be/QP496jwcumk

Mohnish Pabrai's Presentation and Q&A at MDI, Gurgaon on December 22, 2015

https://youtu.be/OFkApI6zZtY

As seen in this video, I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (refferal 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, 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 this episode I discuss the young Canadian billionaire investor and entrepreneur Andrew Wilkinson. He's the co-founder of Tiny Ltd , which has been labelled a baby Berkshire Hathaway of Tech. It's a small-cap holding company comprising many previous company acquisitions, start-ups, and company investments.

Timestamps:

00:00 Andrew Wilkinson and Tiny Ltd intro

00:23 A Berkshire Hathaway of Tech

01:24 Buying like Buffett and Mark Leonard (Constellation Software)

02:22 Focusing on the businesses not the share price

03:14 Owning only wonderful businesses

04:28 Bootstrapping experience makes for better investing

05:43 Serial entrepreneurship since 2010

6:55 Discovering Warren Buffett and value investing

07:58 Getting to know Bill Ackman, Howard Marks, Warren Buffet and Charlie Munger

09:32 The 2023 Tiny and WeCommerce merger

10:24 Doing quick Buffett-like deals

11:11 Learning extreme delegation from Buffett

12:23 The power of anti-goals

12:47 Final thoughts

Related episodes:

Chuck Akre Said This About How to Find 100 Baggers

https://youtu.be/xoKe1AvquTI

Mohnish Pabrai Talks Constellation Software & Mark Leonard

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

As seen in this video, I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (refferal 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, 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.