Millennial Investing - The Investor’s Podcast Network

MI Rewind: Is FAANG the New Value? w/ John Huber

Aug 30, 2024

01:08:07

Snipd AI

John Huber, Managing Partner of Saber Capital Management, shares insights on leveraging retail investor advantages against the market. He discusses how sports have refined his investing acumen and what to examine for a company's competitive moat. Huber elaborates on portfolio management, the significance of selling winners wisely, and the three key factors influencing stock returns. Notably, he reveals his strategy behind making Amazon his largest portfolio position and considers the broader societal impacts of investment choices.

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Episode notes

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Quick takeaways

Retail investors can gain an edge by embracing long-term perspectives, capitalizing on the dissonance between market conditions and future growth potential.

Identifying companies with strong competitive advantages, such as economic moats and scalability, is crucial for making informed investment decisions.

Effective portfolio management involves understanding opportunity costs and strategically balancing concentrated investments to optimize long-term performance.

Deep dives

The FANG Stocks' Underestimated Growth

The FANG stocks have surpassed market expectations due to the underestimated durability and sustainability of their business models. These companies have successfully built massive competitive advantages through effective network effects and strong economic moats, making them integral players in their respective industries. For instance, their robust operating frameworks allow them to leverage their scale for both cost efficiency and customer reach, contributing significantly to their market dominance. As a result, these companies continue to present attractive investment opportunities, evolving from perceived overvalued growth stocks to more stable value plays.

Intro

4min

The Power of Long-Term Investing

13min

Sponsorship Insights and Airbnb Experience

3min

Durability in Investment Strategies

22min

Sponsor Insights on Business Efficiency and Investment

4min

Amazon's Advertising Ascendancy

17min

Clay Finck chats with John Huber about the edge retail investors can have to beat the market, how watching sports has helped John become a better investors, what to look for in a company to determine it if has a strong moat and competitive advantage, John’s thought’s on portfolio allocation and selling winners, the three factors that go into a stock’s overall return, what led John to recently making Amazon his biggest position in his portfolio, and much more!

John Huber is the Managing Partner of Saber Capital Management, LLC. Saber manages separate accounts as well as a partnership modeled after the original Buffett Partnership fee structure.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

06:57 - How retail investors can have an edge over other investors in the market.

10:08 - How watching sports has helped John become a better investor.

16:04 - What to look for in a company to determine if it has a strong moat and competitive advantage.

27:16 - John’s thoughts on portfolio allocation and selling winners.

31:52 - The three factors that go into a stock’s overall investment return.

42:50 - What led John to recently making Amazon his biggest position in his portfolio.

56:05 - Whether John considers the company’s impact on society when forming his investment thesis.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Check out John’s fund and research, Saber Capital Management.
Related episode: Listen to MI125: Investing Like Warren Buffett w/ Jake Taylor, or watch the video.
Related episode: Listen to MI159: The Science of Hitting w/ Alexander Morris, or watch the video.
Check out the books mentioned in the podcast here.
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