The Security Analysis Podcast

Today’s podcast is a discussion between Matt Cochrane and I about 100 Baggers: Stocks That Return 100-to-1 and How To Find Them, by Chris Mayer.A 100 bagger is a stock that increases by 100-1. In other words, $10,000 turns into $1,000,000. Breaking it down mathematically, a 14% return achieves a 100 bagger in 35 years. A 20% return does it in 25. 26% does it in 20 years.Chris Mayer did a study of many stocks that did return 100-1 and evaluated the characteristics of those companies. There is a common DNA among all of them profiled in the book, which Matt & I discuss & analyze.Links100 Baggers: https://www.amazon.com/100-Baggers-Stocks-100-1/dp/1621291650/DisclaimerNothing on this substack is investment advice.The information in this article is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products. Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor’s own objectives, experience, and resources.The information contained in this article is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This article and its author do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This author accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this website. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe

Cait Flanders, a Canadian writer and author of "The Year of Less," discusses her transformative journey of paying off $30,000 in debt through minimalism. She shares her strategies for mindful consumption and emotional spending habits, revealing how shopping often serves as a coping mechanism. Cait emphasizes the importance of financial awareness and the positive reframing of shopping bans as opportunities for personal growth. She advocates for healthier stress management techniques and how a minimalist lifestyle can lead to deeper social connections.

Dan Rasmussen, founder of Verdad and author of 'The Humble Investor,' dives into innovative investment strategies shaped by his unique background. He discusses the importance of skepticism in investing, warning against blind reliance on expert predictions. Dan advocates for global diversification, highlighting the benefits of including international stocks. He emphasizes the enduring appeal of value investing during market downturns and critiques the risks associated with private equity, underscoring the real returns possible in public markets.

Philoinvestor, a Substack writer returning for another discussion, shares his unique investment approach that merges business analysis with macroeconomic insights. He dives into the challenges posed by inflation and geopolitical tensions, particularly the impact of the Ukraine conflict on the U.S. dollar's status. The conversation explores investment strategies in gold and crypto, critiques tech valuations, and highlights opportunities in European stocks. Plus, he emphasizes balancing investing with personal well-being.

Discover a fresh take on the magic formula for investing, blending insights from legends like Buffett and Graham. Unravel the flaws in using Return on Invested Capital during market peaks with a striking example of an egg company. Explore the innovative BSG stock list, focusing on undervalued companies at cyclical lows. The discussion also highlights the evolution of personalized investment strategies, influenced by the rise of ETFs, while seeking audience input on future podcast directions.

This podcast is a conversation with Alex Morris, who writes the Science of Hitting substack, where he performs deep dives & diligence into companies and posts real time updates about his personal portfolio. Alex is a returning guest, and I encourage you to check out our previous podcasts.Today we are talking about his new book, Buffett & Munger Unscripted. Alex did a deep dive into all of the annual meetings going back to 1994. He then curated Buffett and Munger’s answers and assembled it into a book organized by specific topic. It’s a great reference to go through and see Buffett and Munger’s thoughts on various topics and how they have evolved over the years.Links* Buffett & Munger Unscripted: https://www.amazon.com/Buffett-Munger-Unscripted-Investment-Shareholder-ebook/dp/B0DM7HSBQV/* The Science of Hitting Substack: * My first conversation with Alex: * My second conversation with Alex: DisclaimerNothing on this substack is investment advice.The information in this article is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products. Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor’s own objectives, experience, and resources.The information contained in this article is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This article and its author do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This author accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this website. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe

Dive into the world of contrarian investing amid economic chaos. Discover how unconventional investors capitalized on the housing bubble crisis while grappling with financial misjudgments. Explore the reckless profit-driven culture of Wall Street and the systemic flaws that led to the 2008 collapse. Hear personal stories of success and struggle among outsiders navigating a flawed banking system. Unravel the challenges of predicting market bubbles and the latest trends in AI investments, highlighting historical lessons for future investors.

Brett Gardner, author of "Buffett's Early Investments," dives into Warren Buffett's transformative years in the 50s and 60s, revealing the key strategies that led to extraordinary returns. He highlights Buffett's meticulous research, the significance of permanent capital, and the lessons learned from tough investments. Gardner shares the story behind Buffett's strategic move during the American Express scandal and his insightful Disney investment, showcasing Buffett's keen eye for value amid uncertainty.

In this lively discussion, Matt Cochrane, a financial commentator and co-host, dives into Michael Lewis's 'Liar's Poker,' shedding light on the explosive Wall Street culture of the 1980s. He details the rise and fall of mortgage bonds and the ethical challenges faced by Salomon Brothers. Cochrane highlights Warren Buffett's intervention during the Salomon scandal and contrasts the reckless trading culture of the era with today's practices. The conversation also touches on the high-stakes game of Liar's Poker, revealing the audacious spirit of traders.

Today I am talking with Nelson, the Canadian Dividend Investor. He has been on the podcast before. We had a previous episode where we discussed his investing process. We also discussed two investing classics, the Snowball, Warren Buffett’s biography, and discussed the life of Peter Cundill. Today we’re going to catch up and talk about current market conditions.Some topics covered:* The US election.* Oil stocks.* REITs vs. direct ownership of real estate.DisclaimerNothing on this podcast is investment advice.The information in this podcast is for information and discussion purposes only. It does not constitute a recommendation to purchase or sell any financial instruments or other products. Investment decisions should not be made with this article and one should take into account the investment objectives or financial situation of any particular person or institution.Investors should obtain advice based on their own individual circumstances from their own tax, financial, legal, and other advisers about the risks and merits of any transaction before making an investment decision, and only make such decisions on the basis of the investor’s own objectives, experience, and resources.The information contained in this podcast & show notes is based on generally-available information and, although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured, and such information may be incomplete or condensed.Investments in financial instruments or other products carry significant risk, including the possible total loss of the principal amount invested. This podcast, the host, and the guest do not purport to identify all the risks or material considerations that may be associated with entering into any transaction. This host & guest accepts no liability for any loss (whether direct, indirect, or consequential) that may arise from any use of the information contained in or derived from this content. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.securityanalysis.org/subscribe