This episode includes a summary and thoughts on Alibaba's Full Fiscal Year 2023 Results, the current China economic backdrop, Alibaba’s ongoing share repurchases, a brief update on Alibaba's planned spinoffs including Alibaba Cloud, some comments from the CEO and CFO, and the overall direction of company. Timestamps: 00:00 Intro 00:25 BABA the controversial stock 01:20 Alibaba the company 03:00 CEO & CFO comments 04:30 Multiple spinoff announcements 05:30 New business capital allocation priorities 06:30 Substantial Free Cash Flow  07:10 Financial results overview 08:20 Share buybacks 09:19 Substantial net cash position  Related episodes: Are China Stocks UNINVESTABLE or HISTORIC VALUE OPPORTUNITY? https://youtu.be/qfrjfIEx1vw Mohnish Pabrai: Why I Switched from Alibaba to Tencent https://youtu.be/v27JsHlgPZU   Using a referral link helps support the pod, thanks! The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link): https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581 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 advice before making any investment decision.

A look at the portfolio updates of seven guru or super-investors from Q1 2023. The investors include Warren Buffett (together with Charlie Munger at Berkshire Hathaway), Mohnish Pabrai, Li Lu, Chuck Akre, Bill Ackman, David Tepper, and Thomas Gayner. See below for timestamps for investor sections, and related episodes. Timestamps: 00:00 Intro 00:15 Warren Buffett & Charlie Munger - Berkshire Hathaway     05:15 Mohnish Pabrai - Pabrai Investments 09:00 Li Lu - Himalaya Capital Management 12:08 Chuck Akre - Akre Capital Management 15:40 Bill Ackman - Pershing Square Capital Management 16:59 David Tepper - Appaloosa Management 19:49 Thomas Gayner - Markel    Related episodes: Mohnish Pabrai: Key Investing Lessons from "Circling the Wagons” https://youtu.be/TqC_m7-DPfM Warren Buffett Interview: Banking Crisis? - Highlights https://youtu.be/2ysbmHbVVYs Mohnish Pabrai’s thoughts on Constellation Software and Mark Leonard https://youtu.be/HR_gJ6WOe60 Investor Li Lu is Buying MORE Google Stock | Why? https://youtu.be/is9frHZaGYg The AI Race is ON! Google Showcases New AI Products https://youtu.be/xL7MvGAjdew Is OpenAI ChatGPT Disrupting Google? Founders Come Back! https://youtu.be/7dLT_CDITmg I Just Bought Tesla Stock for the 1st Time! https://youtu.be/YX76lZBp8X4 Recommended book - mentioned in this episode: Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life, by William Green (refferal link) https://amzn.to/3WGcleJ Using a referral link helps support the pod, thanks! The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link): https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581 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 advice before making any investment decision.

I summarize and discuss key lessons from Mohnish Pabrai’s latest presentation, Circle the Wagons, in which he emphasizes the importance of finding and protecting your very best few investments for the long term, and how to go about doing that. Related episodes: Mohnish Pabrai Talks Constellation Software & Mark Leonard https://youtu.be/xPI773-AE-I Mohnish Pabrai on The Best Super Investor You Don't Know: Rakesh Jhunjhunwala https://youtu.be/XwgLnnr_nCw Stan Druckenmiller Still Predicts Hard Landing Recession https://youtu.be/8Ue-etn4E74 Chris Mayer 100 Baggers: Stocks That Return 100 to 1! https://youtu.be/59CuGd2aAwg Peter Lynch's 2023 Advice on Buying Stocks - Rare Interview https://youtu.be/sZKt5j1Rwi0 Investor Li Lu Buying MORE Google Stock | Why? https://youtu.be/is9frHZaGYg The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 Using a referral link helps support the pod, thanks! I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link): https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581 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 advice before making any investment decision.

In this episode I summarize and discuss Mohnish Pabrai’s recent comments on serial acquirer company Constellation Software, and its legendary founder CEO Mark Leonard. Pabrai had many positive things to say about the company and its future prospects. I also discuss Topicus, a recent spin-off from Constellation software. Relevant stock tickers: CSU.TO TOI.V  Related episodes: Mohnish Pabrai Portfolio Update: Pabrai Buys BAM Stock! (Brookfield Asset Management) https://youtu.be/c5ivXtnz6-U Mohnish Pabrai: Why I Switched from Alibaba to Tencent https://youtu.be/v27JsHlgPZU The Investor’s Podcast: TIP550 Mohnish Pabrai on The Power of Compounding  https://youtu.be/HR_gJ6WOe60 The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 Using a referral link helps support the pod, thanks! I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link): https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581 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 advice before making any investment decision.

I react to highlights from the recent Google I/O keynote presentation, which features impressive competitive technologies to OpenAI's GPT-4 and wildly popular ChatGPT. Google showcases its many new AI powered products within its existing suite of products and services, including Help Me Write in Gmail and Workspace apps, Magic Editor in Google Photos, PaLM 2 (competitor to GPT-4), Med-PaLM for the healthcare sector, next generation language model Gemini, Bard (competitor to ChatGPT), Google Search AI integration (competitor to Microsofts Bing Chat AI), and more.  Timestamps: 00:00 intro 00:38 AI Help Me Write in Gmail 01:52 AI Magic Editor in Google Photos 03:23 Google PaLM 2 vs OpenAI GPT-4 04:34 Med-PaLM 2 for healthcare 06:02 Google Brain + Google Deepmind consolidated 06:26 Google Gemini - next foundation model 07:30 Responsible AI  08:23 Google Bard vs OpenAI’s ChatGPT 13:32 AI features in Google Workspace apps 17:26 Generative AI in Google Search  23:15 Google's AI infrastructure vs Microsoft 24:02 Wrapping up Related episodes: Microsoft to Challenge Google Search Using OpenAI's ChatGPT https://youtu.be/Vh42ZgADo5k Is OpenAI ChatGPT Disrupting Google? Founders Come Back! https://youtu.be/7dLT_CDITmg Microsoft Bing Now Using OpenAI’s New GPT4 To Challenge Google https://youtu.be/WNr9KE3nobE OpenAI ChatGPT ALREADY at $29B Valuation! https://youtu.be/PPSDBc7lx9g The main investment brokerage I use to buy and sell international stocks is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 Using a referral link below helps support the pod, thanks! I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link): https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581 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 advice before making any investment decision.

Famous investor Michael Burry just reported his first quarter 2023 stock holdings and he bought many stocks during the quarter, and sold out of a few. In this episode we take a look at the three main sectors he’s being buying in, and what it could mean for us. Related episodes: Michael Burry Predicts Stock Market Bottom After Bank Panic https://youtu.be/yXkp5BhQJiw Michael Burry Has Started to BUY Cheap Stocks! What’s Burry buying? https://youtu.be/kzbuujGXTuI Warren Buffett: Banking Crisis? - Highlights https://youtu.be/2ysbmHbVVYs Stan Druckenmiller Still Predicts Hard Landing Recession https://youtu.be/8Ue-etn4E74 The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 Using a referral link helps support the pod, thanks! I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link): https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581 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 advice before making any investment decision.

Warren Buffett, CEO of Berkshire Hathaway and perhaps the greatest investor of all time, recently hosted the Berkshire Hathaway Annual Shareholder Meeting with fellow legendary investor and long-time business partner Charlie Munger. In this episode I react to highlights about how they are thinking about future investing opportunities for us and for Berkshire; one investor is more optimistic than the other. Related episodes: Berkshire AGM 2023 Highlights: Warren Buffett on Elon, EVs, Apple https://youtu.be/V6SGsxYN7tw Stan Druckenmiller Still Predicts Hard Landing Recession https://youtu.be/8Ue-etn4E74 Howard Marks Says Historic Stock Market Sea Change Has Begun https://youtu.be/ie_4N3v-cDs Using referral links helps support the pod, thanks! The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link): https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581 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 advice before making any investment decision.

Warren Buffett, CEO of Berkshire Hathaway and perhaps the greatest investor of all time, recently hosted the Berkshire Hathaway Annual Shareholder Meeting with fellow legendary investor and long-time business partner Charlie Munger. During the annual six-hour Q&A, they discussed many topics, including their massive Apple shareholding, Elon Musk and electric vehicles, share portfolio concentration and more. In this episode I react to highlights from duo's Q&A. Related episodes: Charlie Munger Interview with Todd Combs - Highlights https://youtu.be/217e7NnDtkE Warren Buffett Interview: Banking Crisis? - Highlights https://youtu.be/2ysbmHbVVYs Using referral links helps support the pod, thanks! The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link): https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581 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 advice before making any investment decision.

I discuss some highlights of a recent Stan Druckenmiller interview, in which he gave his views on the difficult macroeconomic environment, bonds, the stock market, the US dollar, gold, and the hard landing recession he still sees up ahead. Related content: Stanley Druckenmiller Predicts Hard Landing Recession for 2023 https://youtu.be/VxpoJnbD8yo NBIM Annual Investment Conference 2023 – Stan Druckenmiller https://youtu.be/dXxWajc-tgI The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 Using referral links helps support the pod, thanks! I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link): https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581 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 advice before making any investment decision.

I discuss a new and rare interview with legendary investor and former fund manager Peter Lynch. Lynch offered his thoughts on the stock market, stock picking, his winning investment strategy, and the current economic environment and bank collapses. Related content: Warren Buffett Interview: Banking Crisis? - Highlights https://youtu.be/2ysbmHbVVYs CNBC interview: Legendary investor Peter Lynch on stock picking: 'The sucker's going up' is not a good reason https://youtu.be/U-6fv09KCDw Recommended books:  One Up On Wall Street: How To Use What You Already Know To Make Money, by Peter Lynch https://amzn.to/3Nyo3FD Additional Peter Lynch book titles: https://amzn.to/3p574kl Using referral links helps support the pod, thanks! The main investment brokerage I use to buy international stocks, and to hold cash, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (refferal link): https://www.gurufocus.com/?r=2c95d5930bb2537b2e0265075fb66581 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 advice before making any investment decision.