The Art of Value

Amazon stock (AMZN stock) has jumped since the company reported Q3 2023 earnings. In this episode I analyze the latest Amazon earnings report, and give my opinion on the outlook for the company and stock. See below timestamps: 00:00 Recent AMZN stock price action 00:58 Amazon stock analysis - Amazon Q3 2023 financial results 04:03 Amazon sector by sector growth percentages 06:56 Other important Amazon metrics 08:27 Amazon company and AMZN stock outlook 10:03 Where will the future growth come from? 12:51 What could move the needle now for megacap Amazon? Related episode: Google Stock Analysis: Why GOOGL Declined on Great Earnings! https://youtu.be/t-DPMZQhuac Alibaba Earnings - Return to Growth! | BABA Stock https://youtu.be/cxh_-fCWjxU?si=iKcQenKTfdyHR_sY Show your appreciation by buying JJ a coffee: https://www.buymeacoffee.com/jjprojects 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 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.

Why did Alphabet or Google stock (GOOG, GOOGL) decline nearly 12% in the 2 stock market trading days after reporting great Q3 2023 earnings? In this episode I analyze the latest Google earnings report, the current company situation, and the outlook for the company and stock. See below timestamps: 00:00 Google Q3 2023 earnings analysis 03:30 Why the share price decline after earnings? 06:08 Could the Google Search advertising business get disrupted by AI? 08:59 Big Tech regulatory uncertainty - monopolies 12:21 Where to for Google stock from here? Related episodes: The AI Race is ON! Google Showcases New AI Products https://youtu.be/xL7MvGAjdew Investor Li Lu Buying MORE Google Stock | Why? https://youtu.be/is9frHZaGYg Show your appreciation by buying JJ a coffee: https://www.buymeacoffee.com/jjprojects 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 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.

Tesla (TSLA stock) just reported 3Q 2023 earnings, which came in well below investor expectations. In this episode I discuss the Tesla Q3 earnings shock, Q3 highlights and lowlights including: reacting to what well known Tesla analyst Dan Ives said, looking at the Tesla Q3 investor presentation, then some highlights from the Tesla earnings call with Elon Musk. The episode also includes commentary on the upcoming Tesla Cybertruck, Tesla margins, Tesla revenue, Tesla profits, Tesla FSD, real world AGI, and future Tesla robotaxi. See below timestamps: 00:00 Reacting to Tesla Q3 earnings "disaster" with Dan Ives 04:31: EV price cuts, Tesla vs BYD Co 07:22 Tesla Q3 2023 Earnings Investor Presentation commentary 15:33 Q3 Tesla earnings call highlights commentary Related episodes: Tesla Stock News - Price & Margin Cuts! | TSLA Stock Update https://youtu.be/55gGV8McQFw Full livestream: WOW! Tesla Earnings Shocker & Tesla Earnings Call Highlights https://youtube.com/live/ThFu9a1AgVQ Show your appreciation by buying JJ a coffee: https://www.buymeacoffee.com/jjprojects 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 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.

PayPal stock has dropped over 80% in the US stock market since mid-2021. Is PYPL stock worth buying because of this? Is PYPL a value stock or a value trap? Will PayPal stock outperform the stock market benchmark over the coming years? I analyze PayPal in this episode, to see some of the possibilities ahead for the company and stock. See below timestamps: 00:00 PYPL stock drop, and PayPal's new CEO Alex Chriss 01:28 The company and sector, strategic analysis - pros and cons 03:02 Some changing metrics over time - competitive pressures 04:36 Significant Free Cash Flow but facing competition 06:13 Does the stock price drop mean big upside to come? 07:30 Is PayPay stock a buy? Biggest opportunity since the META stock drop? Related episodes: Guru Portfolios Q2 2023: Pabrai, Akre, Klarman, Gayner https://youtu.be/oxAXpnu3oXY Show your appreciation by buying JJ a coffee: https://www.buymeacoffee.com/jjprojects 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 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 discuss the latest interview of legendary value investor Howard Marks, with Bloomberg's David Rubenstein, in which Marks discusses the massive sea change his sees happening in financial markets, what in means, and what he thinks investors should do. See below timestamps: 00:00 The massive sea change in financial markets 01:10 Declining and ultra-low rates since 1980 01:43 The Howard Marks Sea Change Memo 02:44 The importance of rates on markets 04:38 The end of the easy money environment 05:41 The desired rates setting 06:24 How portfolios should be different than before 08:34 A rates prediction Related episodes: How Howard Marks Predicts Each Stock Market Crash & Recovery https://youtu.be/zTpYzCcMkls Howard Marks Says Historic Stock Market Sea Change Has Begun https://youtu.be/ie_4N3v-cDs Buy JJ A Coffee! https://www.buymeacoffee.com/jjprojects 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 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. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

This Alibaba stock (BABA stock) news update looks closely at Alibaba's upcoming IPO of its significant logistics arm, Cainiao. See below timestamps: 00:00 The split-up of Alibaba and the Cainiao IPO 01:09 Latest disclosures on the Cainiao IPO - benefits of the IPO 03:59 A closer look at the Cainiao logistics business 06:31 Recent financial results and potential growth 07:48 First Alibaba IPO of more Related episodes: Alibaba Reveals Break-Up Plan! | Big BABA Stock Upside? https://youtu.be/spwgEGJlxmc Alibaba Update: Cloud Spinoff & More Coming https://youtu.be/KBQBNM_-icI 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 show, thanks! 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. 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 part of the latest Jeremy Grantham interview, in which the billionaire value investor offers his thoughts on Tesla stock as an investment, Tesla the company, and Elon Musk as its leader. See below for timestamps: 00:00 Jeremy Grantham on Elon Musk and TSLA Stock 00:28 Grantham's Tesla stock loser story 02:05 A wonderful propagandist - manifesting Tesla from BS and charisma 03:05 Comparing Elon Musk to Ivar Kreuger, The Match King 06:42 Jim Chanos - shorting Tesla stock has not worked yet 07:38 Tesla kicking butts; will it continue? Related episodes: Jeremy Grantham: We're STILL in A Stock Market Super Bubble https://youtu.be/GQ_GxG2y8_U Previous Tesla: Tesla Stock News - Price & Margin Cuts! | TSLA Stock Update https://youtu.be/55gGV8McQFw I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (referral link): http://tikr.com/theartofvalue Using a referral link helps support the pod, thanks! 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. 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 the latest Jeremy Grantham interview, with The Compound and Friends, in which the billionaire investor and financial bubble historian again discussed the super-bubble he currently sees in the US stock market in 2023, and in global real estate markets. See timestamps below for sections: 00:00 Jeremy Grantham bubble historian or eager permabear? 01:41 Calling the exact bottom in 2009 02:25 Are we in a major stock market bubble? 03:40 The global real estate bubble 05:28 Grantham's investing strategy during the bubble 06:13 Shorting the Russell 2000  08:26 Long non-US equities 08:55 Is it different this time? 10:06 The biggest bubble in history 11:03 Could it be different because of the US tech megacaps? 13:09 The next 7 years Related episodes: Jeremy Grantham: Super Bubble Bursting, Recession Imminent https://youtu.be/ELQVtf5ZIeM Jeremy Grantham: AI Boom Pauses Super-Bubble Bust! https://youtu.be/ATP0GGON2B0 Referenced interview: The Bubble Hasn't Burst Yet I TCAF 110 @TheCompound https://youtu.be/aanwMfrSjP0 I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (referral link): http://tikr.com/theartofvalue Using a referral link helps support the pod, thanks! 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. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.

Constellation software is a high-quality serial acquirer company with an incredible capital allocator Mark Leonard leading it. Constellation Software stock has produced excellent stock market returns for many years. This episode is a primer on Constellation Software, its legendary founder and President Mark Leonard, and its recent European spin-off Topicus. See timestamps below for specific sections: 00:00 Mark Leonard, Constellation Software and spin-off Topicus 00:33 Who is Mark Leonard? 00:51 Constellation Software stock returns over time (TSE: CSU) 02:02 The founding of Constellation Software 02:48 Influence of Mark Leonard's investing mentor Steve Scotchmer 04:39 The focus on Vertical Market Software businesses 05:48 Business attributes Leonard looks for when acquiring 07:13 Constellation Software, a super serial acquirer 08:32 Consistently high returns on capital 09:00 Superior capital allocation within a serial acquirer model 11:35 Holding company structure - many small parts, strong whole 12:22 The Topicus spinoff - Vertical Market Software in Europe 14:33 Topicus stock performance so far (CVE: $TOI) Related episodes: Mohnish Pabrai Talks Constellation Software & Mark Leonard https://youtu.be/xPI773-AE-I A Next Gen Warren Buffett? Tiny's Andrew Wilkinson https://youtu.be/-fs9P_phqfQ I use TIKR Terminal to help analyze great businesses, follow top investor portfolios, and help monitor my portfolio (referral link): http://tikr.com/theartofvalue Using a referral link helps support the pod, thanks! 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. 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 two of the latest Mohnish Pabrai interviews, the well known value investor and fund manager discussed why he thinks Tencent is a superior company to Alibaba, indicating that he thinks Tencent stock should perform better than Alibaba stock over the long term. Pabrai sold BABA stock and switched it for a stake in Tencent, via a company called Prosus. Pabrai provides a brief and partial Tencent stock analysis, comparing it with Alibaba. Timestamps 00:00 Mohnish Pabrai on Alibaba vs Tencent 00:33 Switching from BABA stock to Tencent, via Prosus 01:27 Tencent's Pony Ma, an extraordinary entrepreneur 02:32 Why BABA and Tencent investments haven't worked so far 03:56 BABA and the too hard pile 05:02 Tencent getting an easier ride: Pony Ma vs Jack Ma 06:23 Benefits of investing in smaller companies globally instead Related episodes: Guru Portfolios Q2 2023: Pabrai, Akre, Klarman, Gayner https://youtu.be/oxAXpnu3oXY Alibaba Earnings  - Return to Growth! | BABA Stock https://youtu.be/cxh_-fCWjxU Alibaba Stock: CEO Quits! George Soros Buys BABA Stock https://youtu.be/FbUoblWv50s Chris Mayer 100 Baggers: Stocks That Return 100 to 1! https://youtu.be/59CuGd2aAwg Investing Books mentioned: 100 Baggers: Stocks That Return 100-to-1 and How To Find Them, by Chris Mayer (referral link) https://amzn.to/44ZJk0f Investing for Growth: How to make money by only buying the best companies in the world, by Terry Smith (referral link) https://amzn.to/3EFZXmV Using a referral link helps support the pod, thanks! 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 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. This content is for education and entertainment purposes only. Do your own analysis and/or seek professional financial advice before making any investment decision.