The Art of Value

I discuss the historic news and investing implications from the US cannabis sector today, that the DEA has agreed to reschedule cannabis from Schedule 1 to the more benign Schedule 3.  00:17 Cannabis rescheduling finance news  02:54 Historic: DEA Agrees to reschedule marijuana 05:32 MSOS ETF stock price and volume reaction 07:27 Up-listing to major stock exchanges soon? 08:05 High-profile politicians' reactions to rescheduling Related episodes: Why MSOS Stock Is Ripping Higher | MSOS ETF Analysis https://youtu.be/zSMcyaoNypI Reference video: Biden Admin to ease federal restrictions on marijuana https://youtu.be/zI-JZCVhJlQ Join The Art of Value Patreon community for exclusive content about the this sector: https://www.patreon.com/TheArtofValue The main investment brokerage I use to buy international stocks, US OTC market stocks, and to hold cash at good interest rates, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 Disclaimer: I am not a financial adviser and nothing in this content is financial advice. 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 an article that shows that a certain type of “do nothing” stock portfolio can beat the S&P 500 stock market index over the long term. Timestamps: 00:20 Article intro: What Beat The S&P 500 01:46 The backtest used 03:29 The findings 07:19 Expanding the scope to 3 decades 10:31 The takeaway lessons Related episodes Chuck Akre Said This About How to Find 100 Baggers https://youtu.be/xoKe1AvquTI Super Investor Portfolios: Mohnish Pabrai, Guy Spier, Chuck Akre https://youtu.be/P88HoqiBQy8 Super Investor Warren Buffett Just Bought These Stocks https://youtu.be/sWq33fUbl9I Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue Recommended product: AeroPress - Be your Own Barista. A New Kind of Coffee Press For Daily Use (referral link): https://amzn.to/3WnMfyW Disclaimer: I am not a financial adviser and nothing in this content is financial advice. 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 an article about the very recent rally in Alibaba stock and whether it can be sustained. The article discusses whether Alibaba stock is a screaming buy or a value trap, and I give my thoughts on the BABA stock situation. Timestamps: 00:28 A buy or a value trap - article 01:10 BABA price action 02:32 Can BABA break-out? 05:40 A screaming value buy? 07:46 China Japanification or not? 08:33 Chinese government stimulus? 10:14 Can a rally be sustained? 11:23 Alibaba Super investors  Related episodes: Alibaba Stock: BABA Supersizes Share Buybacks! https://youtu.be/PuuoIB05p7M Alibaba Stock: New Jack Ma Memo Hints at Return? https://youtu.be/vfRp0GVBn1w Why Alibaba is Scrapping Cainiao IPO | BABA Stock https://youtu.be/ClE-h5223FQ Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (referral link): https://www.gurufocus.com/?affid=2c95d5930bb2537b2e0265075fb66581 Disclaimer: I am not a financial adviser and nothing in this content is financial advice. 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 take an in-depth look at the financials in the Tesla Q1 2024 Update, and other aspects of the Tesla investor deck.  Timestamps: 00:41 Tesla Q1 2024 Update - Investor Deck highlights 07:16 Tesla Q1 2024 Update - Quarter Highlights 09:44 Financial Summary - the important numbers 14:40 Operational Summary - production & delivery numbers Related episodes: My Thoughts On Bombshell Tesla Stock Earnings Call https://youtu.be/P7KfegJZtzQ For the extended version of this video, and lots of other exclusive content, join The Art of Value Patreon community: https://www.patreon.com/TheArtofValue Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

Tesla stock news! The much anticipated Tesla Earnings results for Q1 2024 are out. I react to key moments in the Tesla Earnings Call with Elon Musk. Elon discusses autonomous driving and Tesla FSD, the future of Tesla Optimus humanoid robot, his own future at Tesla, the fast-growing Tesla energy storage segment, and more. Timestamps: 00:28 Reacting to Elon Musk’s opening remarks 05:12 Tesla Q1 Financial highlights  07:40 Production of Optimus, sales estimate 09:36 FSD regulatory approval 12:00 Tesla Robotaxi fleet - like Uber and Airbnb combined 15:18 More affordable Tesla vehicles? 16:34 Tesla Megapack Energy Storage ramp 18:32 Elon’s future at Tesla 19:44 Tesla’s lower growth rate and Chinese competition 21:55 On Tesla solving autonomy 23:55 Elon’s control of Tesla the company Related episodes: Tesla Stock Investors MUST Know This About Tesla Bot https://youtu.be/dlBYMSQ-LFE Mohnish Pabrai on Tesla Stock vs BYD vs Stellantis https://youtu.be/sabHl4rrHls Mohnish Pabrai Warns: Don’t Compete With Elon & Tesla https://youtu.be/8gCgf383e4E Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue Disclaimer: I am not a financial adviser and nothing in this content is financial advice. 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 part of the first Pabrai Wagons Fund investor call, in which Pabrai discusses his new Microsoft and Amazon stock holdings. Pabrai fields questions from investors about why he bought MSFT and AMZN for the new mutual fund. Timestamps: 00:54 Why buy Microsoft & Amazon at the current market valuations? 03:54 Two truly exceptional businesses…  07:00 Microsoft: an almost indestructible franchise Related episodes: Mohnish Pabrai Buys Occidental Petroleum + These Stocks  https://youtu.be/LRtIBi2SUsw Mohnish Pabrai Buys PayPal + These Stocks for Wagons Fund https://youtu.be/dr75eoQRvcY Mohnish Pabrai’s New Fund Buys EBAY & These Stocks https://youtu.be/dnM_AoC6mzI Recommended investing book: Where the Money Is: Value Investing in the Digital Age, by Adam Seesel (referral link) https://amzn.to/49QpW8n Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (referral link): https://www.gurufocus.com/?affid=2c95d5930bb2537b2e0265075fb66581 Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

Here’s an update of the top 10 positions in the Mohnish Pabrai Wagons Fund stock portfolio, for Q1 2024, and a recap of the 20 positions held at the end of Q4 2023. There have been some additions to the portfolio, including adding Occidental Petroleum stock. Did Pabrai “shameless clone” this stock from Warren Buffett himself?  Timestamps: 00:14 Pabrai Wagons Fund investor updates 02:15 Portfolio recap, December 2023 - 20 stock portfolio 04:24 Pabria Wagons Fund, March 2024 top 10 holdings 07:10 Individual stock additions, close up - 4 new stocks Related episodes: Mohnish Pabrai Buys PayPal + These Stocks for Wagons Fund https://youtu.be/dr75eoQRvcY Mohnish Pabrai’s New Fund Buys EBAY & These Stocks https://youtu.be/dnM_AoC6mzI Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (referral link): https://www.gurufocus.com/?affid=2c95d5930bb2537b2e0265075fb66581 I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (referral link): http://tikr.com/theartofvalue Disclaimer: I am not a financial adviser and nothing in this content is financial advice. 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 respond to well known finance YouTuber Financial Education, Jeremy Lefebvre, who discusses the overall stock market underperformance of small cap stocks recently, including in his portfolio, and in what scenarios they could explode higher soon. I also discuss my recent positive experiences with small cap stock performance. Related episodes: Market Crash? Meet Kevin +Jeremy Lefebvre Just Said What!! https://youtu.be/fEcZbWaNZSk Reference video: These Stocks Will EXPODE Soon but…. https://youtu.be/7ym8FUJnKV0 Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue I use GuruFocus for historical, financial and valuation data, screeners, charts and comparison tools, to help me make smarter long-term investing decisions (referral link): https://www.gurufocus.com/?affid=2c95d5930bb2537b2e0265075fb66581 Disclaimer: I am not a financial adviser and nothing in this content is financial advice. 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 and discuss another recent interview with Fundstrat’s Tom Lee, in which he again attempts to predict the short and medium term trajectory of the stock market based on macroeconomic factors, including the level of the S&P 500 by yearend. I also discuss a recent interview with Interactive Brokers Chair Thomas Peterffy, who observes that margin loans are at an all time high, and discusses the possible stock market implications. See below timestamps: 00:23 Tom Lee - Buying The Dip 06:05 Thomas Petterffy - Margin loans warning sign Join The Art of Value Patreon community for exclusive videos and more: ⁠https://www.patreon.com/TheArtofValue⁠ Related episodes: Tom Lee: Bullish New Stock Market Prediction https://youtu.be/ocLm3eHGdAk Inflation Comes In Hot, Stocks Panic! (Larry Summers interview) https://youtu.be/hFRxnMmniqQ Aswath Damodaran: Why The Stock Market Is Now Overpriced https://youtu.be/IM-F4YVQ3jk Reference videos: CNBC: This dip will be bought as there's a lot less leverage in the market, says Fundstrat's Tom Lee https://youtu.be/Kc8lM4NXjDA CNBC: Interactive Brokers Chairman Peterffy: 'I get the feeling the market is somewhat exhausted' https://youtu.be/Jtt1updm6-8 The main investment brokerage I use to buy international stocks, and to hold cash at good interest rates, is Interactive Brokers (referral link): https://ibkr.com/referral/john5664 Disclaimer: I am not a financial adviser and nothing in this content is financial advice. 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 and discuss part of a recent interview with Alibaba co-founder & Chair Joe Tsai, conducted by Norges Bank Investment Management. In this part, Joe Tsai discusses starting out as an investor before co-founding Alibaba, meeting Jack Ma, scaling Alibaba, falling behind the increasingly intense competition in China, acknowledging mistakes, and recently reorganising Alibaba to course correct. Alibaba stock ticker: BABA. See below timestamps: 00:36 Starting as an investor 01:48 Meeting Jack Ma at startup Alibaba 04:27 Monetizing and scaling Alibaba with Jack Ma 07:33 Falling behind the competition and acknowledging mistakes 08:49 Reorganizing Alibaba to correct course The Art of Value: Alibaba Stock channel is here: https://www.youtube.com/@TheArtOfValueBABA Related episodes: Alibaba Stock: New Jack Ma Memo Hints at Return? https://youtu.be/vfRp0GVBn1w Alibaba Stock: Is The Bottom In? Chairman Joe Tsai Interview! https://youtu.be/eZ4x8z2qjII Alibaba Stock: BABA Supersizes Share Buybacks! https://youtu.be/PuuoIB05p7M Reference video interview: Joe Tsai Co-founder & Chair of Alibaba | In Good Company | Norges Bank Investment Management ⁠https://youtu.be/mT6mRJehJdw⁠ Join The Art of Value Patreon community for exclusive videos and more: https://www.patreon.com/TheArtofValue Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.