THE MOST IMPORTANT THING SUMMARY (BY HOWARD MARKS)

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  • Опубліковано 25 гру 2024

КОМЕНТАРІ • 101

  • @jim83213
    @jim83213 6 місяців тому +33

    No background music is literally my favorite thing in the world

  • @blknight6984
    @blknight6984 5 місяців тому +6

    I have been watching your videos for more than a year now and they greatly helped me in investing. I am very lazy to read books so your channel is a big help for me. Cheers! 🎉

  • @leonkowski7748
    @leonkowski7748 6 місяців тому +9

    Thank you. These videos were why I subscribed. Fantastic at summarising

  • @leverage2279
    @leverage2279 6 місяців тому +19

    A fan here since the pandemic lockdown.. while mst people then were doing movie marathons and video game marathons, I kept watching investing videos, mostly your videos!
    I hope you upload new videos as frequently as you did in the previous years.
    I am so excited to watch this new one!

  • @bencejonas8773
    @bencejonas8773 2 місяці тому +1

    My man don’t stop what you are doing.
    You are brilliant with these.

  • @betterchapter
    @betterchapter 6 місяців тому +8

    What the wise man does in the beginning, the fool does in the end

  • @muhammednizamuddin4804
    @muhammednizamuddin4804 6 місяців тому +5

    Much awaited. Thanks for upload. Love from india

  • @alphabeta8403
    @alphabeta8403 5 місяців тому +2

    16:00 Circle of competence

  • @kitnoCC
    @kitnoCC 6 місяців тому +4

    The Most Important Thing is easily in my top 3 best investing books of all time.

  • @tsonez
    @tsonez 6 місяців тому +3

    Great takeaways from monster of a book! "The Most Important Thing" is probably the best book about investing for a moderately experienced investor.

    • @theWebWizrd
      @theWebWizrd 5 місяців тому +1

      I think it is quite good also for beginners, it's very accessible!

  • @CommandoMaster
    @CommandoMaster День тому +1

    The gains u get from being aggressive is waay higher than a defensive investor trying to play it safe. You realize an aggressive investor can just sell when the market tanks. He doesn't need to ride it down and hold on to dear life.

  • @SwingTraderTrading
    @SwingTraderTrading 6 місяців тому +1

    Nice book summary. Keep them coming! I look the variety in your book selections.

  • @larslars5250
    @larslars5250 6 місяців тому +1

    Appreciate the good content.
    Liked the use of the f1 clip

  • @josephiroth89
    @josephiroth89 5 місяців тому +13

    Michael Burry has correctly forecasted 20 out of the last 2 economic crises.

    • @stefanbromberger8785
      @stefanbromberger8785 3 місяці тому

      I guess his secret was how to survive the 18 cancelled ones. 😉

  • @African_grey
    @African_grey 6 місяців тому +1

    Thanks for the entertaining, instructive production.

  • @jim83213
    @jim83213 6 місяців тому +3

    Woohoo! Book summary!!!

  • @davidglad
    @davidglad 6 місяців тому +7

    While I otherwise agree with the ideas, another reason Buffett has also since cited at one of the recent annual meetings for not owning Microsoft (essentially no matter the price, despite the company having obvious moats) is because he is both friends with Gates and the latter is or was on Berkshire's board. So if Berkshire had bought some, everybody would wonder if he'd been tipped. Which he finds too much of a distraction. Similar to their situation with Activision (which they began closing the position before the deal closed).

    • @shadowninja6689
      @shadowninja6689 6 місяців тому +2

      This. Buffett has also said that he's told his lieutenants Todd & Ted that Microsoft is the one stock that's off limits because of this perceived conflict of interest. That said, with Bill Gates off of Microsoft's board of directors as of a few years ago there was some speculation that maybe Buffett might be willing to invest in Microsoft now, since that was a big source of what he saw as a conflict of interest.

    • @davidglad
      @davidglad 6 місяців тому +2

      @@shadowninja6689 I meant I thought Gates might also have stepped down from Berkshire's board. Although perhaps that is seen as a weaker conflict if Gates is officially just a major holder of Microsoft but nothing more. PS I think Steve Ballmer gives hope to the rest of us that, if we assist a founder of a great idea, we too can become astronomically wealthy. :)

  • @checkdown3774
    @checkdown3774 2 місяці тому

    Thanks for the video broski.

  • @rimuru2483
    @rimuru2483 Місяць тому

    Great video as always

  • @Jorkam10
    @Jorkam10 5 місяців тому

    As a response to your questions at 6:22 Aviation and particularly Boeing might be at a temporarily low. People are scared to invest because of the scandals, and investing in Airbus instead. This might be temporary if Boeing manages to make changes.

  • @davidchi9388
    @davidchi9388 6 місяців тому +1

    6:10 Transition between IA and panic sector. I inmediatly thought of Teleperformance.

    • @davidchi9388
      @davidchi9388 6 місяців тому

      Read it on a kindle and it was so good that I boght it on a physical version. Thanks for the reminder I'll read it again.

  • @ThaboTheodorHlalele
    @ThaboTheodorHlalele 3 місяці тому

    fan from South Africa 🇿🇦

  • @aayush-ex8nx
    @aayush-ex8nx 6 місяців тому +3

    Thank u really great video. Much love from india.
    One book recommendation for u:Zero to One by Peter Thiel

  • @funnyperson4016
    @funnyperson4016 6 місяців тому

    This book was so much better than his other book imo

  • @AndreAmighini
    @AndreAmighini 4 місяці тому

    Congrats! Great material

  • @lyusinator
    @lyusinator 5 місяців тому

    Goldshire part is the best!

  • @grandpafrogie
    @grandpafrogie 6 місяців тому

    Nice, reversal signal from long time bearish / sideways trend. Back on track. 😊

  • @robertclarkson6064
    @robertclarkson6064 6 місяців тому

    Thank you 👍👍👍

  • @georgios9384
    @georgios9384 6 місяців тому

    Another great video, thank you so much! By the way, I will save the video and come back when Tesla stock reaches 4 digits 😃 Cheers

  • @surya123ification
    @surya123ification 5 місяців тому

    You make me want to read books as well! thanks for that :)

  • @bekijk233
    @bekijk233 6 місяців тому +1

    Yo bro, why do you keep an eye on loomis stock? Seems nothing special. Care to elaborate? Thx for vid

  • @CoolShade000
    @CoolShade000 6 місяців тому +2

    I love all your vids 🙌🫶

  • @chuckdiezel7652
    @chuckdiezel7652 5 місяців тому +1

    Tobacco stocks out of favor, could be a good buying opportunity

  • @sakshamkumar9191
    @sakshamkumar9191 5 місяців тому

    Hey, excellent videos. which software do you use to animate your videos?

  • @MarselaAlushajLibenstein
    @MarselaAlushajLibenstein Місяць тому

    Hi there, is there a UA-cam policy on how to use or not use content from other people's books for my UA-cam channel?

  • @vilkogamer
    @vilkogamer 4 місяці тому

    Hi, I have a question. I have a portfolio with 29 stocks but around 85% of the portfolio is in 15 top holdings. Should I sell some of the old ones, even if I think they are still viable, at least OK companies? I have a little profit on most of them, only a couple of losers. All of them are the companies I bought earlier when I invested less. Should I just take the money and reinvest them in better opportunities? Thanks for your advice!

  • @mazinelhassan9833
    @mazinelhassan9833 4 місяці тому

    I came across a great example of second level thinking which I didn't know at the time when a company lost government subsidies and the stock crashed as a result of people's expectations which turned out to be over pessimistic and the price hugely recovered since that time unfortunately for me I missed that chance because of fear to act😢

  • @shadowninja6689
    @shadowninja6689 6 місяців тому +2

    Investing in what's cheap can work for people, but IMO it's a lot of work to keep up with such a strategy. An easier strategy is to find companies with the best moats that consistently grow their earnings faster than the S&P500 & have larger profit margins, determine that the things that make them grow their earnings faster & have great margins are sustainable, and then invest in these large moat companies. This strategy works long term because the #1 thing that effects a stock's long term performance is their earnings growth (or lack of it). Buying in when it was dirt cheap or a bit expensive will matter little if you hold it for over a decade and their earnings have grown significantly faster then the index's earnings.

    • @TheSwedishInvestor
      @TheSwedishInvestor  6 місяців тому

      Hey! It's a good argument for investing in quality businesses shadowninja6689. This is more the Charlie Munger, Phil Fisher and "modern" Buffett way of investing. Old Buffett, Joel Greenblatt, probably Marks and some others would opt for cheap stocks and then being more active with the portfolio.

  • @wojtekpaka4057
    @wojtekpaka4057 6 місяців тому +2

    After ozempic everything food/drink related sanked (in my opinion too much)

  • @vaibhavaggarwal6591
    @vaibhavaggarwal6591 6 місяців тому +1

    How do you make animations?

    • @blitzspirit
      @blitzspirit 6 місяців тому +2

      Don’t ask this. He’ll make private feed for that too.

  • @vaibhavaggarwal6591
    @vaibhavaggarwal6591 6 місяців тому +33

    Fan from india

    • @korgond
      @korgond 6 місяців тому +1

      from the india slurbs

    • @rishabjain8975
      @rishabjain8975 5 місяців тому +1

      Same. He is best. Soic is also good

    • @bluemammal
      @bluemammal 2 місяці тому

      Hello from USA

  • @tsonez
    @tsonez 6 місяців тому

    How does one "adjust for luck" as mentioned around 11:43? Shouldn't superior investor comparison be based on risk-return? And note Marks doesn't define risk from volatility. He seems to rather think risk is more qualitative than quantitative.

    • @theWebWizrd
      @theWebWizrd 5 місяців тому

      Consider this: Alice, Bob and Charlie are playing a coin flip game where they start with 100 dollars, flip 100 coins and for each coin flip they either win 1 dollar on heads or lose 1 dollar on tails. Alice ends up with 110 dollars, Bob with 100 dollars, Charlie with 90 dollars.
      Who has the better risk adjusted return? They all took the same risk, so Alice must have the best risk adjusted return and Charlie the worst. Does the fact that Alice has a better risk adjusted return mean she did a better job than the others?

  • @thinksc
    @thinksc 6 місяців тому +2

    Lots of love from Kerala.

    • @roshanjoseph777
      @roshanjoseph777 6 місяців тому +1

      Ivideyum numma malayalies🎉

    • @thinksc
      @thinksc 6 місяців тому

      @@roshanjoseph777 💜💜

  • @joaocarvalho1979
    @joaocarvalho1979 4 місяці тому

    Ive just ordered "The Most Important Thing", and only then realized there is a more recent version "Illuminated" with comments from Howard and other renowned investors.
    I see people saying this newer version goes more in depth and it's less concise. What is your opinion? Should I buy the newer version? Is it so different that makes it worth it?

  • @manohar0075
    @manohar0075 5 місяців тому

    Sofi, snow, nike

  • @winteriscoming6501
    @winteriscoming6501 6 місяців тому +1

    Good Sir, when you were doing your 'Picking a complete stock portfolio for 2024' video you analyzed a company named TTEC. You seemed to like the numbers and said it showed real promise. At the time it was trading around $20 /share... It has since fallen to $6. Any chance I could convince you to take another look at this business?
    I like it... The fundamentals and future metrics still seem intact to me, love to know your present thoughts.

    • @TheSwedishInvestor
      @TheSwedishInvestor  6 місяців тому +3

      Hey man! TTEC is by far the worst performing company from that video, and unfortunately, I don't feel like I can prioritize having a more serious look at it than I did in that video because I only have miniscule % of my total capital invested in it. There are other companies which I need to focus my energy and attention to more. Sorry about that, but there are many other great companies out there that needs to be analyzed! (and perhaps I will get back to it at some point nonetheless, let's see)

    • @winteriscoming6501
      @winteriscoming6501 6 місяців тому

      @@TheSwedishInvestor Thanks, I gotcha... I appreciate the thoughtful response anyway.

  • @MikandaMaboto
    @MikandaMaboto 6 місяців тому

    Tack ska du ha!

  • @AEVMU
    @AEVMU 2 місяці тому

    Oil and coal. Thats what people are scared of. But most people dont know that almost all metal smelting in the world requires very high grade coal. Nothing else will get hot enough in an ecconomically sensible way.

  • @thangtran-ye2bl
    @thangtran-ye2bl 5 місяців тому

    fan from vietnamese

  • @melosmax6235
    @melosmax6235 6 місяців тому

    How is your opinion on TTEC and the expectations of the insider? The situation ist bad but is it 6$ a share bad? I ask everyone. I know the company because of the 10 h swedish investor video

  • @lucasaldjah5784
    @lucasaldjah5784 6 місяців тому

    It is said that old and bold Investors don't exist. I'm pretty sure venture capital funds can classify as old and bold.

  • @paolovita1720
    @paolovita1720 6 місяців тому

    An industry where the earnings have more or less evaporated and the stocks tanked? Perhaps the PGM value chain, from miners like Sibanye-Stillwater to recyclers like Umicore.
    At a time when the future of mobility seems to be electric, but probably not that fast really, when the vehicle fleet's average age is record-high in many countries, and precisely at the moment when Russia is rapidly destocking its PGM reserves and delaying sustaining CapEx to finance its latest land grab...

  • @jean-marcducommun8185
    @jean-marcducommun8185 6 місяців тому +1

    It's hard to criticise WB but I have to say that his portfolio was recently very exposed to Apple and in a way that offends the prudent men rule. Regarding his absence from MSFT I find it strange because he always expressed great enthusiasm for publishing (while shunning technology) but isn't MSFT a publishing company? I definitely would say so, the publish operating systems and software. But he lost money due to the internet with his investment in Washington Post. As a poster child I prefer Druckenmiller for the simple reason that he never had a down year while sporting very high yearly returns based on different investments.

  • @ChirathRathnayake-bp7hj
    @ChirathRathnayake-bp7hj 6 місяців тому

    Investing in solar and green energy would be a great opportunity!

  • @mihail4692
    @mihail4692 6 місяців тому

    Nike is a stock that was smashed recently but will have a great future

  • @babyprince84uk
    @babyprince84uk 6 місяців тому

    The important thing is to fish where the fish are. Do you think turkey, Indonesia and South Korea markets are better than the us?

    • @guilhermelana4058
      @guilhermelana4058 6 місяців тому +1

      US are super expensive. Almost everything is better.😀

  • @paulbartholow6996
    @paulbartholow6996 6 місяців тому

    LULU!! I would love to know your input!!

  • @KAHNivorous87
    @KAHNivorous87 4 місяці тому

    APA 🤑

  • @905AJS
    @905AJS 5 днів тому

    TSLA stock has doubled since this video was released.

  • @Rraja3603
    @Rraja3603 6 місяців тому

    Me too from India❤.

  • @HalfbakedStandard
    @HalfbakedStandard 6 місяців тому

    Wasn’t this Buffets answer to not buying Microsoft?
    „ "It just would be a mistake for Berkshire to buy Microsoft," he says, because it all comes down to appearances, and not putting the potential investment in a bad light. "There'd be a lot of people who wouldn't believe us if something good immediately happened after we bought it." „

  • @killersajmon
    @killersajmon 6 місяців тому +1

    NIBE will recovery its earnings sooner or later. Its a buy in my opinion.

    • @kukucska1984
      @kukucska1984 6 місяців тому

      haha, I just wrote NIBE too.... I will keep buying it even if I have to sel my car for it!! :D

  • @TomasWatchReviews
    @TomasWatchReviews 5 місяців тому

    basically, buy trash and hope for the best.. :D

  • @simo4068
    @simo4068 6 місяців тому

    Only 20,000 ppl will get rich great videos dud keep up

  • @user-kp8pv6fs
    @user-kp8pv6fs 6 місяців тому

    One sector is healthcare, specially re it's and home care for elderly people. As interest rates are high, usually hospitals and home cares have lower profits because they have debt. However, we have a aging population who will need healthcare more over time. Also, this sector has a lot of bad news, not very good looking. Now it is very low in Europe and USA. Public sector won't be able to deal with all the demand from older people in the need for specialized care (Parkinson, Alzheimer's, etc). And families are no longer such a safe net, women are working, they no longer can take care of parents. Let me know what you think! 😊😅

  • @davidbergamelli4773
    @davidbergamelli4773 5 місяців тому

    Lithium mining companies!

  • @DigitalKarlK
    @DigitalKarlK 5 місяців тому +1

    Not to sound funny... but I think your voice was used/copied for an ad on YT selling a pretend indicator

  • @binaryoptionstrading360
    @binaryoptionstrading360 4 місяці тому

    I wonder what the consequences of the consequences are.

  • @Jackson_heights94
    @Jackson_heights94 5 місяців тому

    👌

  • @leverage2279
    @leverage2279 6 місяців тому

    How do you invest? Do you do it like charlie who put most capital in just 1 or 2 stocks? Or do you put capital evenly in 7 or 10 stocks?
    You shouldn't diversify, you know.. it seems you are very knowledgeable..
    Warren Buffett said: "diversification is for idiots. It is only for people who don't know what they're doing. But for know-something investors, it nakes very little sense to diversify."
    It seems you are a very good investor, a know-something investor. You could make even bigger than 400% per decade if you have the concentrated portfolio 😊

    • @TheSwedishInvestor
      @TheSwedishInvestor  6 місяців тому +1

      Hey man! I currently have allocated my capital to 13 stocks, a bit more concentrated in the most important holdings than in the rest (sort of like a linear scale, where the #1 gets the most and #13 gets the least). It could definitely be possible to put the money in fewer companies but with the current approach and with the Patreon I feel the swings much more, psychologically. I think a lot of people recognize this.

  • @jim1386
    @jim1386 5 місяців тому

    So the video comes out and says that Tesla is at a pe of 100 and yet it is 50. Then it seems to dismiss it as a heard poor stock choice. Well I would suggest the exact opposite, there is every chance that the stock could 10x Ina very short amount of time. SFD, robotaxi, Optimus, battery storage. Musk is not to be underestimated…just my humble could well be wrong opinion….

  • @vaibhavaggarwal6591
    @vaibhavaggarwal6591 6 місяців тому

    Hello

  • @judahbenj5246
    @judahbenj5246 6 місяців тому

    👍

  • @M00NKK3YYZ
    @M00NKK3YYZ 6 місяців тому

    anyone holding zero xrp
    knwoingly
    you already failed lol
    theres still time
    learn Fibonacci Retracements
    and then build a entry and exit plan
    before even putting $1 into anything

  • @kukucska1984
    @kukucska1984 6 місяців тому

    What you think about NIBE? I think when money will start to flow again and people will think more of the future then earnings will come back. Im quite deep in it but I will go deeper if I have to.

  • @jmarinep
    @jmarinep 6 місяців тому

    Company: wáter intelligence plc (watr)
    Not relates with IA
    Boring business
    EPS have grown while stock price has plunge

  • @M00NKK3YYZ
    @M00NKK3YYZ 6 місяців тому

    if yall actually tryna level up in this game
    you ebtter learn The Wyckoff Method