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 Who is Stanley Druckenmiller? 00:36 Key points 01:11 The US Fed’s big mistake 01:52 The cause of rapidly rising inflation 04:08 Druck’s stock market outlook 05:17 Hard landing recession 06:04 Druck’s still bullish on these 06:43 Summing up Druck Related video: Stanley Druckenmiller Interview Summary: Macro Investor Druck Predicts A Hard Landing (Recession) https://youtu.be/azNVEA6jdH4 Interview transcript referenced in this episode: https://cnb.cx/3RCnhWu 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 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? 02:27 First important point 03:02 Second important point 03:35 Rakesh’s biggest compounder 04:40 Third important point 05:16 Fourth important point 05:55 Rakesh’s other compounders 06:30 The holy grail of investing Related video: Mohnish Pabrai: “The best way to invest is…” https://youtu.be/lxl2bIS1o6c Finding future multibagger stocks like Starbucks (SBUX), with Mohnish Pabrai https://youtu.be/3bAEnKtDI60 Mohnish Pabrai interview referenced in the episode: Mohnish Pabrai’s Q&A session with the Asian Institute of Technology, Bangkok on August 30, 2022 https://youtu.be/wz8N5CkTA2w 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 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 risks 03:03 Why sell BABA, and why at that time? 04:12 Tax loss harvesting 05:14 The superior business 06:07 BABA bull and bear points 07:54 Did Pabrai make the right long-term decision? 09:00 Acceptable error rates - John Templeton Mohnish Pabrai interviews referenced in the episode: Mohnish Pabrai’s Q&A session with the Asian Institute of Technology, Bangkok on August 30, 2022 https://www.youtube.com/watch?v=wz8N5CkTA2w Mohnish Pabrai’s Talk with CFA Society of Mexico on August 17, 2022 https://youtu.be/MYR0tWgstMI Mohnish Pabrai Interview (1/4) - Everything money - 20 Dec 2021 https://www.youtube.com/watch?v=ELRBmkAv01I 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.

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 https://youtu.be/nT_9OMbOJRA Jeremy Grantham and Ray Dalio Discuss a Stock Market Crash and World Economic Outlook for Investing | Part 1 https://youtu.be/oH8o5kAw0_w Investors Jeremy Grantham and Ray Dalio Discuss a Stock Market Crash and Economic Outlook | Part 2 https://youtu.be/UaRSHUah6SI Was Jeremy Grantham Correct About a Now Deflating Market Bubble? https://youtu.be/tcAyvtYipv0 Investor Jeremy Grantham: Investing When Terrified https://youtu.be/sTOAvHYKEvM Full Jeremy Grantham Playlist https://www.youtube.com/playlist?list=PLrNjj1l3MS7Wtx2nItPmA8QfIUeGS4V87 Referenced Jeremy Grantham Article: Entering The Superbubble's Final Act https://www.gmo.com/americas/research-library/entering-the-superbubbles-final-act/ The Art of Value Twitter: https://twitter.com/theartofvalue 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 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 https://youtu.be/ra7APQ2Tvpg Mohnish Pabrai on Compounding with Spawners https://youtu.be/1jjQehxmCwo Micron Technology (MU) Q3 2022 Earnings, Outlook and Mohnish Pabrai’s Investment Thesis https://youtu.be/0zG4fG3si5A Mohnish Pabrai’s Talk with CFA Society of Mexico on August 17, 2022 https://youtu.be/MYR0tWgstMI The Art of Value Twitter: https://twitter.com/theartofvalue 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.

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 Example video: He crushed the S&P 500 for 25 years... [3 lessons for 2022] https://youtu.be/p21osakHwF0 05:35 J. MONEY Channel https://www.youtube.com/channel/UCaJFPtd9PsSmAxpVfUqUeoQ 06:42 Example video: Alibaba Stock Update: Delisting News (2022) | $BABA $JD $PDD https://youtu.be/jj91WGqZyeQ 07:53 Stock Compounder - Brad Kaellner Channel https://www.youtube.com/c/BradKaellner 09:34 Example video: Terry Smith on Investing for Growth! Compounding with Great Companies https://youtu.be/nA7mzGKSX5k 11:04 Anderew Brown Channel https://www.youtube.com/c/AndrewBrownInvesting 12:57 Example video: Trulieve Stock Analysis https://youtu.be/8lQYkfRLkXk The Art of Value Twitter: https://twitter.com/theartofvalue 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.

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 15:40 Investor Josh Tarasoff - Greenlea Lane Capital 17:20 Monday.com 18:53 Investor Greg Alexander 21:40 Investor Pat Dorsey 23:31 Smartsheet Inc 24:40 Upwork 25:39 Poshmark 28:10 Investor Chuck Akre 29:18 DigitalBridge Referenced videos: Robert Vinall: My Investor Q&A - with questions on management, building RV Capital and my holdings https://youtu.be/uGDmvRWAgy8 Robert Vinall: What is Trupanion doing to win the pet insurance market? A chat with Darryl Rawlings (Founder & CEO) https://youtu.be/q25eUpPxYmY #investing #investors #smallcapstocks  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.

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 Grantham Interview: The Current Bear Market w/ Jeremy Grantham (TIP466): https://youtu.be/OCUeKnAQVjc 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 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 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 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 full Q&A Session with Narsee Monjee Institute of Management Studies, Mumbai: https://youtu.be/qBdieWfouZM 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.