The John Johnston Lounge

In a recent interview, Stanley Druckenmiller gave his current outlook for the stock market and macroeconomic environment. His current forecasts for both are very bearish, but he's wildly bullish on one sector, and mildly bullish on another asset class. He thinks the US Fed made a huge mistake in 2021, and the repercussions are going to be felt for a long time in stock markets.

Timestamps:

Related video: Stanley Druckenmiller Interview Summary: Macro Investor Druck Predicts A Hard Landing (Recession)

Interview transcript referenced in this episode:

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 a recent Q&A session, super investor Mohnish Pabrai shared the story of the investing career of Rakesh Jhunjhunwala, one of India’s best investors of all time,  who recently died. In this episode, I share what Mohnish said, and distill it down to 4 important points about how Rakesh invested to great success.

Timestamps:

00:10 Who is Rakesh Jhunjhunwala?

02:27 First important point

03:02 Second important point

03:35 Rakesh’s biggest compounder

04:40 Third important point

05:16 Fourth important point

05:55 Rakesh’s other compounders

06:30 The holy grail of investing

Related video:

Mohnish Pabrai: “The best way to invest is…”

Finding future multibagger stocks like Starbucks (SBUX), with Mohnish Pabrai

Mohnish Pabrai’s Q&A session with the Asian Institute of Technology, Bangkok on August 30, 2022

https://youtu.be/wz8N5CkTA2w

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 three recent interviews, investor Mohnish Pabrai revealed why he sold Alibaba (BABA) stock, and swapped the investment for Tencent instead. He also revealed what he now thinks of both companies as investments.

Related video:

Mohnish Pabrai: “The best way to invest is…”

Timestamps:

00:38 Super-investors who own BABA

02:02 Value investing in China - the risks

03:03 Why sell BABA, and why at that time?

04:12 Tax loss harvesting

05:14 The superior business

06:07 BABA bull and bear points

07:54 Did Pabrai make the right long-term decision?

09:00 Acceptable error rates - John Templeton

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.

Investor Jeremy Grantham has recently written that he thinks the superbubble he sees across the US stock market, bond market and housing market, is now entering its fourth and final stage, after the substantial bear market rally we’ve recently seen in stocks.

The Art of Value suggested videos on investor Jeremy Grantham:

Jeremy Grantham Latest: This Market Crash Could Be As Bad As 2000 Tech Bubble

https://youtu.be/nT_9OMbOJRA

Jeremy Grantham and Ray Dalio Discuss a Stock Market Crash and World Economic Outlook for Investing | Part 1

https://youtu.be/oH8o5kAw0_w

Investors Jeremy Grantham and Ray Dalio Discuss a Stock Market Crash and Economic Outlook | Part 2

https://youtu.be/UaRSHUah6SI

Was Jeremy Grantham Correct About a Now Deflating Market Bubble?

https://youtu.be/tcAyvtYipv0

Investor Jeremy Grantham: Investing When Terrified

https://youtu.be/sTOAvHYKEvM

Full Jeremy Grantham Playlist

https://www.youtube.com/playlist?list=PLrNjj1l3MS7Wtx2nItPmA8QfIUeGS4V87

Referenced Jeremy Grantham Article: Entering The Superbubble's Final Act

https://www.gmo.com/americas/research-library/entering-the-superbubbles-final-act/

The Art of Value Twitter:

https://twitter.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 a recent interview with CFA Society of Mexico, investor Mohnish Pabrai explained what he thinks is the best way to invest. These are some of the key points.

The Art of Value suggested videos about Mohnish Pabrai’s investing:

Finding future multibagger stocks like Starbucks (SBUX), with Mohnish Pabrai

https://youtu.be/3bAEnKtDI60

Investing Quest for Multibagger Stocks with Mohnish Pabrai

https://youtu.be/ra7APQ2Tvpg

Mohnish Pabrai on Compounding with Spawners

https://youtu.be/1jjQehxmCwo

Micron Technology (MU) Q3 2022 Earnings, Outlook and Mohnish Pabrai’s Investment Thesis

https://youtu.be/0zG4fG3si5A

Mohnish Pabrai’s Talk with CFA Society of Mexico on August 17, 2022

https://youtu.be/MYR0tWgstMI

The Art of Value Twitter:

https://twitter.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.

Five of my favourite mid to small size investing YouTube channels, and a good example video from each channel.

Timestamps:

00:33 Investing with Tom Channel

01:42 Example video: Li Lu's Multibagger Stock Checklist (Himalaya Capital)

02:50 Nathan Winklepleck, CFA Channel

03:49 Example video: He crushed the S&P 500 for 25 years... [3 lessons for 2022]

05:35 J. MONEY Channel

06:42 Example video: Alibaba Stock Update: Delisting News (2022) | $BABA $JD $PDD

07:53 Stock Compounder - Brad Kaellner Channel

09:34 Example video: Terry Smith on Investing for Growth! Compounding with Great Companies

11:04 Anderew Brown Channel

12:57 Example video: Trulieve Stock Analysis

The Art of Value Twitter: https://twitter.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 help before making any investment decision.

Investor Jeremy Grantham, in a recent interview said the current stock market is very likely to be in a big bear market rally. He expects the benchmark S&P 500 to eventually go down 50% from its 2021 peak, and the NASDAQ could go down 80%, like during the 2000 tech bubble bust. He also has some other predictions about the current bear market.

This is The Art of Value episode 111.

Full Jeremy Grantham Interview: The Current Bear Market w/ Jeremy Grantham (TIP466): https://youtu.be/OCUeKnAQVjc

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 help before making any investment decision.

I briefly discuss three top quotes from three top investors, about being invested in the stock market when the market crashes: Warren Buffett, Charlie Munger, and Peter Lynch.

This is The Art of Value episode 110.

Twitter: https://twitter.com/theartofvalue

Instagram: https://www.instagram.com/artofvalueinvest

TikTok: https://www.tiktok.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 help before making any investment decision.