The John Johnston Lounge

In this episode I look at some of the pros and cons of investing in Chinese stocks in the current market environment, given valuations have dropped so much, and there is a great deal of pessimism and uncertainly around. Is the Chinese market now "uninvestable" as some analysts have been saying, or could it be a historic long-term value opportunity? Stocks mentioned: BABA, PDD, JD, NIO, BIDU, HXC,...

In this episode I look at why Alibaba (BABA) stock has fallen nearly 80% from its peak, and why it had yet another substantial drop just recently. I cover the pros and cons of owning BABA stock at this point, for the long term. Timestamps: 00:44 Sources of investor fears and concerns 05:30 Positives and catalysts 07:05 Alibaba the company vs the stock price 08:50 Superinvestor BABA  sharehold...

After looking at the latest Spotify Q3 2022 earnings, and listening to the earnings call with CEO Daniel Ek, in this episode I give an updated summary and some commentary on the streaming media company. Has the investment story changed? 00:15 Spotify financial media headlines 02:57 SPOT recent share price action 03:35 Spotify Q3 2022 highlights 05:02 New video podcasting 05:44 Q3 2022 fi...

Have you heard of the coffee can portfolio? It's a classic investing strategy, proven over many decades. It works only if the investor has the patience to carry it out without getting distracted. It involves doing nothing to beat the market, or almost nothing. How is it possible that it has worked? Let’s find out. Timestamps: 00:18 The Coffee Can Portfolio 01:14 Origins of The Coffee Can Portfolio...

In a very recent interview, super-investor Bill Ackman was asked: what are the red flags for you to decide to sell a company, even at a loss? Ackman had two main points to his answer, but also answered in a good amount of detail. He used his recent sale of Netflix as an example, after only owning the stock for a few months, which is unusual for him. His second point came in the form of some advice...

Bill Ackman Interview: In a very recent interview, superinvestor and fund manager Bill Ackman, speaking about buying stocks in the current bear market, said “I think today is a pretty good time. It’s a pretty good point of entry”. In this episode, I delve into this and other important things Ackman said about investing today, including information on his current investing strategy and focus, his a...

Cannabis federal legalization has just taken a big step forward with a surprise announcement from president Biden to reschedule cannabis at the federal level, along with some other key cannabis policy changes. In this episode I explore what this means for investors, and what is likely to happen in the near future for publicly listed U.S. cannabis companies and their stocks. Timestamps: 00:23 Canna...

In his latest tweets, famed investor Michael Burry admits to feeling greedy as the stock market continues to fall. In this episode, I interpret Burry’s latest tweets, which can sometimes be cryptic. I also explain who Michael Burry is, what he means by "feeling greedy", and I consider whether the stock market is really crashing. Related video: Investor Jeremy Grantham: Super Bubble Enters Final Ph...

I discuss the latest FQ4 2022 earnings release from Micron Technology (MU), and a brief investment thesis for the company from investor Mohnish Pabrai. Micron Technology is in the business of designing and manufacturing digital memory and storage products for multiple industries. Timestamps: 00:15 Micron superinvestors 00:55 Mohnish Pabrai’s Micron Investment Thesis 02:40 Mohnish Pabrai and Li Lu&...

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: 00:24 Wh...

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...

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…” https://youtu.be/lxl2bIS1o6c Timestamps: 00:38 Super-investors who own BABA 02:02 Value investing in China - the risk...

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...

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 ht...

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 https://www.youtube.com/c/InvestingwithTom 01:42 Example video: Li Lu's Multibagger Stock Checklist (Himalaya Capital) https://youtu.be/tu7jBLEE-s4 02:50 Nathan Winklepleck, CFA Channel https://www.youtube.com/c/NathanWinklepleckCFA 03:49 Examp...

Hot on the heels of the latest 13F filings from some of the world’s best investment fund managers, this episode focuses on 8 small cap stock investments from 5 top investors: Robert Vinall, Josh Tarasoff, Greg Alexander, Pat Dorsey, Chuck Akre. Timestamps: 00:00 Introduction to small cap stock investing 01:08 Investor Robert Vinall - RV Capital 04:34 Trupanion 08:46 Wix.com 11:50 Ryman Healthcare...

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 G...

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 financia...

I discuss some of Mohnish Pabrai’s comments from a recent interview, in which he talks about his investing quest to find multibagger stocks; companies that have the potential to return 10x within 10 years, and 100x over 20 years. This is The Art of Value episode 109. Part 1 is here: Mohnish Pabrai Interview: Value Investing Quest for Multibagger Stocks https://youtu.be/ra7APQ2Tvpg Mohnish Pabrai's...

I discuss some of Mohnish Pabrai’s comments in his latest interview, in which he talks about his value investing quest to find multibagger companies; companies that could 10x within 10 years, and 100x over 20 years. This is The Art of Value episode 108. Mohnish Pabrai's full Q&A Session with Narsee Monjee Institute of Management Studies, Mumbai:  https://youtu.be/qBdieWfouZM The...

I look at and discuss the financial media speculation and rumors that Warren Buffett’s Berkshire Hathaway is preparing to sell its stock of Chinese electric vehicle and EV battery maker BYD, after owning  a significant stake in the company for over a decade. This is The Art of Value episode 107. The Art of Value: YouTube:  https://www.youtube.com/channel/UCmlgXjiwAUNHyIS30dnIHBg Spotify:...

Based on his recent interviews, I discuss Ray Dalio’s views on the current macro economic environment, bear market, and outlook for investing. This is The Art of Value episode 106. 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 summarise and discuss investor Mohnish Pabrai’s spawners framework, which he developed in the process of looking for “apex spawner” companies that have the ability and attributes to spawn new businesses in various ways, to become high-compounding multibagger stocks over time. He’s looking for 10x to 100x multibaggers. This is The Art of Value episode 105. Mohnish Pabrai’s Lecture, Q&A with s...

I discuss what legendary value investors Warren Buffett and Charlie have said in an interview about the psychology of investors when stock holdings go down 50% or more, which has happened to the share price of their own company Berkshire Hathaway 3 times. This is The Art of Value episode 104. The Art of Value: YouTube:  https://www.youtube.com/channel/UCmlgXjiwAUNHyIS30dnIHBg Spotify:  h...

I discuss what legendary investor, and One Up On Wall Street author, Peter Lynch has said about investing during volatile and bear markets, why people panic sell stocks, and what he thinks is the right approach during stock market and individual stock downturns. This is The Art of Value episode 103. Peter Lynch 1994 Lecture: https://youtu.be/rf_f8GV0yYM The Art of Value: YouTube:  https://www...