Value Investing Podcast

16 Investing rules by a legendary value investor John Templeton

https://www.franklintempleton.com/forms-literature/download/TL-R16

 

This episode covers the advantages and disadvantages that retail investors have over institutional investors such as hedge fund and private equity fund managers.

This episode is a reply of EP7 which was originally aired on April 28, 2018.

In this episode, I discuss the following two topics.

1) Basics of insurance business in terms of how insurance companies make money and why Buffett likes them

2) Warren Buffett’s investment on an insurance company called GEIGO

Two key terms for the valuation of insurance companies

“Float”, or available reserve, is policyholder money held, but not owned, by insurers, which comes about because there exist time intervals between received premiums and incurred losses to be paid out, usually more than a year.

Float = Policy holder money held (Liability side) – Policy holder money not held yet (Asset Side)

= [loss and loss adjustment reserves + unearned premium + fund held under reinsurance assumed + other policy holder liabilities] – [premium receivables + loss recoverable + deferred policy acquisition costs + deferred charges on reinsurance + prepaid taxes]

Combined ratio = (Incurred Losses + Expenses) / Earned Premium

Podcast website: https://valueinvestpodcast.com/

I talk about Amazon CEO Jeff Bezos' Management Philosophy illustrated in 2016 letter to Amazon's shareholders (https://www.sec.gov/Archives/edgar/data/1018724/000119312517120198/d373368dex991.htm)

Podcast website (https://valueinvestpodcast.com)

 

I discuss four behavioral biases that stem from the following emotional errors.

* Loss aversion

* Overconfidence

* Self-control bias

* Endowment bias

* Regret aversion

* Status quo bias

https://shareinvestmentideas.com/

https://valueinvestpodcast.com/

I discuss four behavioral biases that stem from cognitive errors.

Website: https://valueinvestpodcast.com

I discuss five behavioral biases that stem from cognitive errors.

https://valueinvestpodcast.com

This episode covers the topics related to common investing mistakes.

Podcast homepage: https://valueinvestpodcast.com/My investment Idea website: https://shareinvestmentideas.com/

I talk about 7 reasons as to why Korean stock market is undervalued right now, and why it is important for the US investors to expand their circle of confidence in other foreign markets.

I discuss two stocks, Macy's (M) and Kraft Heinz (KHC) that I own in this episode. Nothing in this episode is a solicitation of buying any stocks. Please consult with your investment professional for any investment decisions.

You can find my articles with respect to Ebay and AOBC about the stocks on https://shareinvestmentideas.com