Investing Mastermind Podcast: Recent Episodes
Investing Mastermind
Michelle Marki and Signe Lonholdt are on a journey of investing like the best investors Warren Buffett and Charlie Munger. We seek to inspire and encourage people, especially women, to become their own investors. Even though we are not financial professionals and none of this is investing advice, we hope you enjoy! Visit www.michellemarki.com and www.investionista.com.
The Federal Reserve cut the Fed Funds Rate by 0.50% on September 18, 2024. On the next day, the stock market jumped enthusiastically, only to give back some gains. Signe and Michelle discuss the potential effects of the Fed rate cut on the stock market and the economy. Could a recession be looming in spite of the seeming reprieve a rate cut gives?
The headline of this podcast episode is that Berkshire Hathaway has sold 50% of its Apple stake to rack up $277 billion in cash. Some of what Berkshire seems to be buying with that cash includes Ulta, Occidental Petroleum, and Chubb. However, Berkshire is bearish on Bank of America and Apple based on selling these storied stocks. Why is Warren Buffett or his investing team selling an amazing stock like Apple, could it really be because of tax reasons or another investing reason?
Signe and Michelle discuss how Fed Chair Jerome Powell recently announced at the Jackson Hole meeting that the time has come for the fed funds rate (and thereby interest rates) to come down. We discuss the implications of a potential Fed rate cut in September 2024 on bonds, the stock market, and mortgages!
In today's short episode, Michelle discusses the possibility of a Federal Reserve interest rate cut in September 2024. She talks about what we can do to benefit before a rate cut were to take effect. The so-called "experts" are predicting that the current interest rate range of 5.25% to 5.5% will be cut down to below 4% by the end of 2025. Lets see what will happen!
Did vacation come as a surprise again this year? Get Signe and Michelles best tips on how to budget and plan for a vacation. Remember to subscribe to Investing Mastermind Podcast to get the most recent episode directly in your feed.
To take an investing workshop, visit Signe's website: Investionista.comLearn more about Buffett-style investing by subscribing to Michelle's YouTube channel, @MichelleMarki Michelle's investing blog: www.michellemarki.com.
With the Olympics happening right now, many people are getting exposed to brands, and some of Signe's clients are getting inspired to add sports brands to their wishlist of potential stock buys. However, being a famous brand is not equal to being a wonderful business. Michelle and Signe discuss how to determine if the business behind the brand is as strong as the brand. When Nike's stock recently declined, analysts anticipated that the stock price might slightly increase during the Olympics due to the brand being so exposed to the public. Signe is in France for the Olympics, and her sound might be impacted by not being home with her own equipment.
Remember to subscribe to Investing Mastermind Podcast to get the most recent episode directly in your feed. You can also follow us on Instagram @InvestingMastermindPodcast.To take an investing workshop, visit Signe's website: Investionista.comLearn more about Buffett-style investing by subscribing to Michelle's YouTube channel, @MichelleMarki Michelle's investing blog: www.michellemarki.com.
With the Crowdstrike outage on many enterprise Microsoft systems that happened on Friday, July 19, our listeners may be wondering if now is a good buying opportunity of CRWD stock. However, Signe and Michelle share some cautionary tales as discuss and learn about investing on this podcast. Since we recorded this podcast episode, CRWD fell even more to be down about 30% over the last month, much more than the initial 14% drop on July 19. Beware!
The stock market is climbing yet again and Michelle and Signe are looking into what is happening, explaining it in a way that new investors undestand the current price level of the market because though history doesn’t repeat itself it does rhyme...
Remember to subscribe to and follow Investing Mastermind Podcast to get the most recent episode directly in your feed.
To take an investing workshop, visit Signe's website: Investionista.comLearn more about Buffett-style investing by subscribing to Michelle's YouTube channel, @MichelleMarki Michelle's investing blog: www.michellemarki.com.
In this episode Michelle and Signe discuss financial freedom and share their thoughts on how to achieve it.
Remember to subscribe or follow to get the most recent episode directly in your feed.
You can also follow us on Instagram @InvestingMastermindPodcast.
To take an investing workshop, visit Signe's website: Investionista.com
Learn more about Buffett-style investing by subscribing to Michelle's YouTube channel, @MichelleMarki
Michelle's investing blog: www.michellemarki.com.
Even the best intentions in management's communication can sometimes backfire, causing shareholders to sell their stocks and driving the price down. That's exactly what happened last week. We'll dive into that example in this episode of the Investing Mastermind Podcast.
Remember to subscribe to or follow Investing Mastermind Podcast to get the most recent episode directly in your feed.
You can also follow us on Instagram @InvestingMastermindPodcast.
To take an investing workshop, visit Signe's website: investionista.com
Learn more about Buffett-style investing by subscribing to Michelle's YouTube channel
Michelle's investing blog: www.michellemarki.com.
In this episode, we’re diverging from our usual investing topics and opening up about personal finance, specifically how we handle finances with our partners. Listen in to hear our different perspectives on setting up your finances together.
Download the Money Mindset partner questions mentioned by Signe https://mailchi.mp/cab07560d1fb/money-mindset
Remember to subscribe to @investingmastermind to get the most recent episode directly in your feed.
You can also follow us on Instagram @InvestingMastermindPodcast.
Listen to the Investing Mastermind Podcast on your favorite Podcast app:
Apple Podcasts: https://podcasts.apple.com/us/podcast/investing-mastermind-podcast/id1654230975
Spotify: https://open.spotify.com/show/5pLLzmn6aF5UUa9S8fCUnP
To take an investing workshop, visit Signe's website: Investionista.com
Learn more about Buffett-style investing by subscribing to Michelle's YouTube channel, @MichelleMarki
Michelle's investing blog: www.michellemarki.com.
In this episode Michelle and Signe share which Investing Books they will be reading this summer. From Light summer reads at the beach to heavier books for rainy days in the Nordics.
Books mentioned in this episode:
Danielle Town and Phil Town: “Invested”
Warren Buffett (Author), Max Olson (Editor): “Berkshire Hathaway Shareholders” (or read the letters on Bershirehathaway.com)
Daniel A. Strachman: “Julian Robertson: A Tiger in the Land of Bulls and Bears”
Charlie Munger: “The Psychology of Human misjudgement”
Carol Loomis: “Tap-dancing to wWrk”
Adam Seessel: “Where the Money is - Value Investing in the Digital Age”
Tony Robbins: “The Holy Grail of Investing”
Also mentioned:
Ray Dalio: “Principles”
Ray Dalio: “Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail”
Remember to subscribe to @investingmastermind to get the most recent episode directly in your feed.
You can also follow us on Instagram @InvestingMastermindPodcast.
Listen to the Investing Mastermind Podcast on your favorite Podcast app or watch on Youtube.
To take an investing workshop, visit Signe's website: Investionista.com
Learn more about Buffett-style investing by subscribing to Michelle's YouTube channel, @MichelleMarki
Michelle's investing blog: www.michellemarki.com.
In this episode, we discuss "Roaring Kitty" aka Keith Gill and the most recent GameStop (GME) frenzy. We talk about the implications of such market maneuvers and why staying true to sound investment principles is more important than ever in these turbulent times.
Episode Update: Following our recording, Keith Gill held a livestream that briefly sent GameStop shares soaring by nearly 50%, before a sharp decline. Gill revealed a substantial $180 million position in the stock (both call options and stock positions)sparking yet another wave of speculative trading. The livestream was highly anticipated but started late and sources say that Gill appeared unconvincing and after the livestream GameStop shares has declined significantly.
Books mentioned in this episode: Howard Marks, “The Most Important Thing”.
Remember to subscribe to Investing Mastermind Podcast to get the most recent episode directly in your feed.
You can also follow us on Instagram @InvestingMastermindPodcast.
To take an investing workshop, visit Signe's website: Investionista.com
Michelle's investing blog: www.michellemarki.com.
"To invest or not to invest", that's the question many individual investors are asking themselves these days. In this episode, Signe and Michelle reveal what they’re up to and share how you can take advantage of the unique opportunities available right now.
To take an investing workshop, visit Signe's website: Investionista.comMichelle's investing blog: www.michellemarki.com.
Warren Buffett was not always the Greatest Of All Time investor, but he evolved in his investing style to become the best. We recount how Buffett started out in his investing journey and the people he learned from to perfect his investing technique. Ben Graham and Charlie Munger had lasting influences on how Buffett and Berkshire Hathaway continue to invest today.
Listen to part 2 of our key takeaways from the 2024 Berkshire Hathaway Annual Meeting.Michelle and Signe share their insights from the meeting and share what was the "talk-of-town" in Omaha during the meeting.Remember to subscribe to @investingmastermind to get the most recent episode directly in your feed. You can also follow us on Instagram @InvestingMastermindPodcast.Listen to the Investing Mastermind Podcast on your favorite Podcast app:Apple Podcasts: https://podcasts.apple.com/us/podcast...Spotify: https://open.spotify.com/show/5pLLzmn...To take an investing workshop, visit Signe's website: Investionista.comLearn more about Buffett-style investing by subscribing to Michelle's YouTube channel, @MichelleMarki Michelle's investing blog: www.michellemarki.com.
Listen to our key takeaways and the most important topics discussed in the audience during Berkshire Hathaway Annual Meeting 2024.Michelle and Signe share their insights from the meeting and share what was the "talk-of-town" in Omaha during the meetingRemember to subscribe to @investingmastermind to get the most recent episode directly in your feed. You can also follow us on Instagram @InvestingMastermindPodcast.Listen to the Investing Mastermind Podcast on your favorite Podcast app:Apple Podcasts: https://podcasts.apple.com/us/podcast...Spotify: https://open.spotify.com/show/5pLLzmn...To take an investing workshop, visit Signe's website: Investionista.comLearn more about Buffett-style investing by subscribing to Michelle's YouTube channel, @MichelleMarki Michelle's investing blog: www.michellemarki.com.
During the Berkshire Hathaway Annual Meeting 2024, we learned Berkshire sold 13% of their Apple stake in order to have cash and that it was entirely Warren Buffett's decision to buy and sell Paramount. Michelle shares her first takeaways from this meeting ahead of when Signe and Michelle reflect more deeply about this year's shareholder meeting in Omaha.
Should you keep your money in a high yield interest bank account or invest in the stock market? Signe and Michelle provide their takes on this situation with the stock market still at all time highs along with high interest rates for now.
What happens at the Berkshire Hathaway Annual Shareholders Meeting? As the next Berkshire meeting is happening on May 4, 2024, Signe and Michelle share their experiences and what attendees can expect. There are several free events that are open to people. You can meet so many amazing investors, so happy networking!
If you've ever heard stock tips at the water cooler at work or from a Reddit forum or from your friends, what should you do? Signe and I give our own "tips" to avoid making the wrong investment decisions when it comes to stock tips.
Signe and Michelle discuss some of their observations among streaming companies, including Netflix, Disney, Paramount, and Warner Bros Discovery. Signe expressed how she understands the content business. Michelle remarked about how many streamers are struggling to be profitable, and the stock market is punishing several such as Comcast and Roku. Which streamer will rule them all remains to be seen!
What is Dollar Cost Averaging (DCA) and how can it help you to invest? Signe and Michelle talk about the pros and cons of DCA where you contribute a fixed amount of money to your investing account and invest in stocks or mutual funds on a consistent basis. Whether you DCA or go another investing route like lump sum contributions and tranching into a particular stock, you should stick to a strategy for a long time without jumping in and out of the market. Most of all, try not to regret your decisions for the best outcomes.
You can also follow us on Instagram @InvestingMastermindPodcast.
You're probably told you should save and invest your money, but where should you start? The first thing you should do is set a financial goal as the north star you will save and invest toward. Do you want to be financially free or achieve financial independence? Signe and Michelle share some of their financial goals and habits that we hope inspires you to come up with your own.
Signe and Michelle often get asked: "Which Stocks Should I Buy?" and in this episode we will reveal our reply to this question.
Book recommended in this episode: "Americana: A 400-Year History of American Capitalism" written by Bhu Srinivasan.
Remember to subscribe to @investingmastermind to get the most recent episode directly in your feed. You can also follow us on Instagram @InvestingMastermindPodcast.
To take an investing workshop, visit Signe's website: Investionista.com
Learn more about Buffett-style investing by subscribing to Michelle's YouTube channel, @MichelleMarki
Michelle's investing blog: www.michellemarki.com.
Signe and Michelle reflect on the last section of Warren Buffett's annual Berkshire Hathaway shareholder letter for the year 2023 that was released on February 24, 2024. Remember to follow Investing Mastermind Podcast to get the most recent episode directly in your feed.
To take an investing workshop, visit Signe's website: Investionista.comLearn more about Buffett-style investing by subscribing to Michelle's YouTube channel, @MichelleMarki Michelle's investing blog: www.michellemarki.com.
Signe and Michelle reflect on the middle section of Warren Buffett's annual Berkshire Hathaway shareholder letter for the year 2023 that was released on February 24, 2024. Buffett sets the tone by writing, "Our goal at Berkshire is simple: We want to own either all or a portion of businesses that enjoy good economics that are fundamental and enduring." While Buffett warns about potential economic storms like those from 2008, he reassures shareholders that Berkshire will remain a financial fortress in that "Berkshire is built to last."
Warren Buffett released his annual Berkshire Hathaway shareholder letter for the year 2023 on February 24, 2024. Signe and Michelle reflect on Warren Buffett's beautiful first page tribute to Charlie Munger, the Architect of Berkshire Hathaway, and the beginning section of the 2023 shareholder letter. Warren Buffett writes his letter to shareholders like his sister Bertie and all shareholders out there who would like to understand how Berkshire is performing in its CEO's eyes. Buffett encouraged investors to make good investing decisions by writing, "America has been a terrific country for investors. All they have needed to do is sit quietly, listening to no one."
Signe and Michelle go back to Buffett basics as we explain what circle of competence means and how this investing principle can help you identify when you know enough, or not enough, about stocks you are interested in investing in.
The S&P 500 stock market index just hit an all-time high of 5,000 in early February 2024 as a new milestone. Should investors be excited and rush into the market, or should they exercise some caution? Signe and Michelle share their reactions and opinions, all of which is not advice as no one knows what will happen but it's fun to imagine the possibilities! We reflect on some of the Magnificent 7 stocks that may be driving a lot of the current stock market rally in early 2024.
How much should a CEO get paid for being the leader of the business? How Executives and Board of Directors are paid could influence whether you invest in a stock or not. Legendary investor Warren Buffett who has had the same salary of $100,000 for decades has been critical of CEOs who convince their Board Member buddies to rubber stamp huge pay packages while average employee wages stagnate.
People often wonder how much money do they need to be able to start investing? You might be surprised at how little you need to get started! Signe and Michelle answer this question with suggested ideas in today's episode. As mentioned, feel free to check out one of Michelle's YouTube videos explaining various S&P 500 index fund options: https://youtu.be/v0t6q3LuGIQ
Signe and Michelle discuss whether making automatic investments into the stock market (ETFs, mutual funds, stocks) is a good idea. There are pros and cons to what is often referred to as Dollar Cost Averaging (DCA), so we keep these considerations in mind.
Signe and Michelle discuss how investors can figure out potential valuations of stocks instead of guessing at how "expensive" or "cheap" a stock is. We discussed Gamestop as a meme stock example of what could have been true intrinsic value compared with speculative mania on the stock price. Books we mentioned to help with valuation techniques include "Invested" by Danielle Town and Phil Town, and "One Up On Wall Street" by Peter Lynch.
During New Years, a lot of people make resolutions. We reflect on our investing values and outlook for 2024 with 2023 highlights. We hope this you a few questions to ponder along your investing and personal finance journey!
Signe and Michelle are wishing you a happy new year! Michelle shared a few thoughts about what 2024 could entail in the markets, with inflation, and interest rates.
Signe and Michelle are wishing you a happy holiday season and all the best in the new year! See you in 2024!
Signe and Michelle reflect on whether the "American Dream" is still attainable to most millennials and future generations. While millennials earn more income compared to prior generations, we are still behind in terms of overall wealth accumulation compared with baby boomers at our age (source: Generations book by Jean Twenge).
Legendary investor Charlie Munger sadly passed away on Tuesday, November 28, 2023. On the Sunday before, Signe and Michelle recorded their reactions to Charlie Munger's investing advice that he shared with the Wall Street Journal in early November 2023. This is part 2 of our reactions to Charlie's WSJ interview. While we mourn the loss of Charlie, we also want to celebrate Charlie's incredible life and the wisdom he shared with the world. We discussed Charlie's impact on our investing philosophies and strategies. We hope this episode serves as a fitting tribute to Charlie's legacy that inspired countless investors around the globe.
Legendary investor Charlie Munger sadly passed away on Tuesday, November 28, 2023. On the Sunday before, Signe and Michelle recorded their reactions to Charlie Munger's investing advice that he shared with the Wall Street Journal in early November 2023. While we mourn the loss of Charlie, we also want to celebrate Charlie's incredible life and the wisdom he shared with the world. We discussed Charlie's impact on our investing philosophies and strategies. We hope this episode serves as a fitting tribute to Charlie's legacy that inspired countless investors around the globe.
We are thankful to our listeners in celebrating a whole year of the Investing Mastermind Podcast. We hope you've enjoyed the journey with us!We shared this Maya Angelou quote:“I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”We also made reference to the following episodes:Berkshire Annual meeting experience (23)When to sell stocks (17 and 45 exit strategies)Mathew Peterson (28)Retirement / tax optimization (43)
Part 3 of our exciting conversation with Charlotte Janis, a granddaughter of legendary investor Benjamin Graham. Charlotte is the Creator/Writer at BeyondBenGraham.com/blog/. Her grandfather Ben Graham is renowned as “the father of value investing” and the mentor of Warren Buffett. Last April (2023), Warren Buffett invited Charlotte to Omaha to go through his files and select documents to donate to an archive of Benjamin Graham papers at Columbia's Rare Book and Manuscript Library. On that visit, Mr. Buffett’s moving words about Ben Graham’s kindness and generosity inspired her to write her most popular blog post: Ben Graham & Warren Buffett’s Bond (By Ben’s Granddaughter). Charlotte was fortunate to have known her grandfather well. She had just turned sixteen when he asked her to join him on a three-week cruise from Italy to the Black Sea. The Memoirs he wrote on that cruise have become her cherished resource for fathoming his inner life. Charlotte also has unique access to a gift from her mother, Ben Graham’s eldest daughter—a trove of Ben Graham’s unpublished writings and letters. Charlotte wrote a blog post about a postcard Ben Graham wrote to Warren Buffett from the port of Odessa, on that cruise. Charlotte is passionate about unearthing the Story behind the Legend, starting from the boyhood experiences that wounded and shaped him. In her blog, she shares the inspiring story of how Ben Graham moved through setbacks and losses, left Wall Street behind, healed his wounds, and found fulfillment—not from accumulating wealth and possessions, but from creativity, connection, and love.
Visit Charlotte's blog: https://beyondbengraham.com/blog/
Benjamin Graham papers at Columbia's Rare Book and Manuscript Library: https://findingaids.library.columbia.edu/ead/nnc-rb/ldpd_17325026/dsc#view_all
Blog post about the postcard: https://beyondbengraham.com/ben-graham-to-warren-buffett-the-postcard
Ben Graham's "Memoirs" link: https://www.amazon.com/Benjamin-Graham-Memoirs-Dean-Street/dp/0070242690
A preview of the Story behind the Legend in “About Ben Graham": https://beyondbengraham.com/about-ben-graham/
Charlotte’s most popular blog post: Ben Graham & Warren Buffett’s Bond (By Ben’s Granddaughter): https://beyondbengraham.com/ben-graham-warren-buffett/
Part 2 of our exciting conversation with Charlotte Janis, a granddaughter of legendary investor Benjamin Graham. Charlotte is the Creator/Writer at BeyondBenGraham.com/blog/. Her grandfather Ben Graham is renowned as “the father of value investing” and the mentor of Warren Buffett. Last April (2023), Warren Buffett invited Charlotte to Omaha to go through his files and select documents to donate to an archive of Benjamin Graham papers at Columbia's Rare Book and Manuscript Library. On that visit, Mr. Buffett’s moving words about Ben Graham’s kindness and generosity inspired her to write her most popular blog post: Ben Graham & Warren Buffett’s Bond (By Ben’s Granddaughter). Charlotte was fortunate to have known her grandfather well. She had just turned sixteen when he asked her to join him on a three-week cruise from Italy to the Black Sea. The Memoirs he wrote on that cruise have become her cherished resource for fathoming his inner life. Charlotte also has unique access to a gift from her mother, Ben Graham’s eldest daughter—a trove of Ben Graham’s unpublished writings and letters. Charlotte wrote a blog post about a postcard Ben Graham wrote to Warren Buffett from the port of Odessa, on that cruise. Charlotte is passionate about unearthing the Story behind the Legend, starting from the boyhood experiences that wounded and shaped him. In her blog, she shares the inspiring story of how Ben Graham moved through setbacks and losses, left Wall Street behind, healed his wounds, and found fulfillment—not from accumulating wealth and possessions, but from creativity, connection, and love.
Visit Charlotte's blog: https://beyondbengraham.com/blog/
Benjamin Graham papers at Columbia's Rare Book and Manuscript Library: https://findingaids.library.columbia.edu/ead/nnc-rb/ldpd_17325026/dsc#view_all
Blog post about the postcard: https://beyondbengraham.com/ben-graham-to-warren-buffett-the-postcard
Ben Graham's "Memoirs" link: https://www.amazon.com/Benjamin-Graham-Memoirs-Dean-Street/dp/0070242690
A preview of the Story behind the Legend in “About Ben Graham": https://beyondbengraham.com/about-ben-graham/
Charlotte’s most popular blog post: Ben Graham & Warren Buffett’s Bond (By Ben’s Granddaughter): https://beyondbengraham.com/ben-graham-warren-buffett/
Charlotte Janis, a granddaughter of legendary investor Benjamin Graham, is the Creator/Writer at BeyondBenGraham.com/blog/. Her grandfather Ben Graham is renowned as “the father of value investing” and the mentor of Warren Buffett. Last April (2023), Warren Buffett invited Charlotte to Omaha to go through his files and select documents to donate to an archive of Benjamin Graham papers at Columbia's Rare Book and Manuscript Library. On that visit, Mr. Buffett’s moving words about Ben Graham’s kindness and generosity inspired her to write her most popular blog post: Ben Graham & Warren Buffett’s Bond (By Ben’s Granddaughter). Charlotte was fortunate to have known her grandfather well. She had just turned sixteen when he asked her to join him on a three-week cruise from Italy to the Black Sea. The Memoirs he wrote on that cruise have become her cherished resource for fathoming his inner life. Charlotte also has unique access to a gift from her mother, Ben Graham’s eldest daughter—a trove of Ben Graham’s unpublished writings and letters. Charlotte wrote a blog post about a postcard Ben Graham wrote to Warren Buffett from the port of Odessa, on that cruise. Charlotte is passionate about unearthing the Story behind the Legend, starting from the boyhood experiences that wounded and shaped him. In her blog, she shares the inspiring story of how Ben Graham moved through setbacks and losses, left Wall Street behind, healed his wounds, and found fulfillment—not from accumulating wealth and possessions, but from creativity, connection, and love.
Visit Charlotte's blog: https://beyondbengraham.com/blog/
Benjamin Graham papers at Columbia's Rare Book and Manuscript Library: https://findingaids.library.columbia.edu/ead/nnc-rb/ldpd_17325026/dsc#view_all
Blog post about the postcard: https://beyondbengraham.com/ben-graham-to-warren-buffett-the-postcard
Ben Graham's "Memoirs" link: https://www.amazon.com/Benjamin-Graham-Memoirs-Dean-Street/dp/0070242690
A preview of the Story behind the Legend in “About Ben Graham": https://beyondbengraham.com/about-ben-graham/
Charlotte’s most popular blog post: Ben Graham & Warren Buffett’s Bond (By Ben’s Granddaughter): https://beyondbengraham.com/ben-graham-warren-buffett/
We discovered an amazing blog about Benjamin Graham, the legendary investor whose protégé was Warren Buffett. This blog is written by Ben Graham's granddaughter! Signe and Michelle explain more about who Ben Graham was and our takeaways from reading the granddaughter's blog, which you can check out here: https://beyondbengraham.com/
Signe and I are working hard on preparing an amazing set of future episodes for you so we just wanted to give you this quick update. Please feel free to share your questions and feedback via our social media channels such as at https://www.instagram.com/investingmastermindpodcast. Thanks and see you next Tuesday!
Signe and Michelle share their brokerage account experiences to help educate listeners about how these brokerages facilitate stock investments and/or trading. We relate some of the benefits and pitfalls of certain brokerage providers. Michelle mentioned some of her YouTube videos on related subjects which may provide further educational value: "Best S&P 500 Index Funds And Exchange Traded Funds (ETFs)": https://youtu.be/v0t6q3LuGIQ and "Stock Market Order Types: Market Order, Limit Order, Stop-Loss, Stop Limit, Trailing Stop": https://youtu.be/8wkbuIwXisA
Building on what we ended the previous episode, Signe and Michelle discuss exit strategies for when we may sell stocks or assets. Signe explained an exit strategy from an angel investor. Michelle recounts how she made a gut decision to sell a certain stock, and in the short term it may have been the wrong decision, but maybe in the long term her reallocated funds may support a different investment. We reflected on how we should know what our personality types are so it can inform our investing temperament. We made reference to Ep 17: “When to sell stocks”: https://podcasts.apple.com/us/podcast/when-to-sell-stocks-017/id1654230975?i=1000606261449. You can check out a few Myers Briggs/16 personality type resources such as:Free Myers Briggs Type Indicator (MBTI) tests:https://www.truity.com/test/type-finder-personality-test-new https://www.16personalities.com/personality-typesPaid MBTI test (the real one):https://www.mbtionline.com/en-US/Products/For-you/
Many investors are wondering if it's better to invest during a bull market and/or a bear market. Signe and Michelle weigh in on this question with our thoughts and experiences. We refer to our investing checklist series that starts at episodes 8 through 12 and the checklist can be downloaded at https://investionista.com/checklist/. Please forgive any audio issues you may hear. Enjoy!
Ever wondered if you are saving enough for your financial nest egg? Michelle and Signe share tips in how you can save up for retirement and optimize your tax savings. While these tips are for education purposes and are not financial advice, we believe in getting the most of retirement planning as early in life as possible. Michelle really likes Roth IRAs, HSAs, and Roth 401ks. Be sure to take advantage of any tax-advantaged investing accounts in your country!
There is so much free information online to help beginners find great companies to potentially invest in. Signe and Michelle share our favorite websites in the below show notes. We hope you'll join Signe’s webinar that is happening this Wednesday, September 20th 2023 at 2 pm ET / 8 pm Central Europe: https://investionista.com/webinar/.Websites we talked about in this episode:Yahoo Finance - News and search machine https://finance.yahoo.com/ The Wall Street Journal - Financial news https://www.wsj.com/ Gurufocus - Super investor, data visualization https://www.gurufocus.com/StockAnalysis Stock statistics - https://stockanalysis.com/ Finwiz Stock screener/ search - https://finviz.com/ Dataroma 13Fs (Michelle and Signe’s favorite place to check superinvestor portfolios) - https://www.dataroma.com/ Whale Wisdom - Super investor portfolios https://whalewisdom.com/ SEC Edgar Database - Official public company filings https://www.sec.gov/edgar/ Phil Town Rule One Investing - https://www.ruleoneinvesting.com/Danielle Town - https://www.danielletown.com/Oaktree/ Howard Marks - https://www.oaktreecapital.com/insightsAswath Damododaran - https://aswathdamodaran.blogspot.com/ Longriver - https://www.longriverinv.com/Adam Mead - https://watchlistinvesting.com/ Chris Bloomstran - https://www.semperaugustus.com/Any “investor relations” page on publicly traded companies’ websites.Investionista.com - Signe’s homepage with information and resources.Michelle Marki's YouTube channel: https://www.youtube.com/c/MichelleMarkiWe also made references to following episodes:"Investing Wishlist" Episode 031: https://podcasts.apple.com/us/podcast/how-to-find-companies-for-our-wish-list-031/id1654230975?i=1000619241070"Adam Mead Interview" Episode 019: https://podcasts.apple.com/us/podcast/adam-mead-investor-and-author-of-the/id1654230975?i=1000608350135Follow @investingmastermindpodcast on social media
Would you believe that investing success has more to do with one's mindset rather than IQ or mathematical aptitude? One's investing temperament is key to how investing decisions get made. In this episode, Signe and Michelle discuss limiting beliefs, gratitude, and vision board. By practicing certain techniques, we can improve our investing approach and generate better results overall.
Is the American stock market overvalued or fairly priced? Signe and Michelle discuss two indicators to give investors a high level idea of where the market stands right now. One is the Buffett Indicator which is the Wilshire 5000 (total United States stock market) over US GDP ratio. Another is the Shiller PE which is the Price to Earnings ratio based on the average inflation-adjusted earnings of the previous 10 years, AKA Cyclically Adjusted PE Ratio (CAPE). Please note at the time we recorded this podcast episode, the stock of Zoom was trading at a 3000+ PE ratio and most recently posted a PE of around 156.
Signe and Michelle discussed the rise of ghost kitchens, their benefits and drawbacks, and whether investors should consider studying this evolving restaurant innovation as a prospective investment opportunity.
Diversification may be thought of as "Di-worse-fication" according to legendary investors like Charlie Munger or Peter Lynch. We explain misconceptions with the popular financial advice to "diversify" your assets, but what does this really mean? People are not necessarily diversified enough within a country or asset types, so there are many factors to consider. The best investors like Warren Buffett prefer to have high concentration in a few assets, which could still have some amount of diversification but not an overwhelming amount. Different strategies work for different mindsets as the "know-nothing" investor may be better off with a Buffett recommendation in a low-cost S&P 500 index fund.
In the prior episode we discussed our biggest beginner investing mistakes, and now we describe how to recover from these mistakes. Just because you may have "lost" money by investing in a certain security does not mean you have to make it back the same way. It's OK to make a mistake as long as we learn from them and try our best to not make them again! The important thing is to forgive yourself and move forward!
Both Michelle and Signe have made plenty of beginner investing mistakes, so we're sharing those lessons learned along with ones we've observed others also make. While it's less emotionally and financially painful to learn vicariously from others' investing mistakes, sometimes we also need to experience our own mistakes in order to truly grow.
We're sharing our life-changing epiphanies about investing, reflecting on our financial journeys so far where we had some "ah ha" moments and extraordinary experiences. This is how we ended up where we are today as Warren Buffett-style investors. Signe and Michelle share their stories, so we hope you enjoy this episode!
Michelle and Signe discuss the types of stocks and assets we avoid investing in. Warren Buffett-style investors usually avoid Initial Public Offering (IPO) stocks because they just don't have much of a public company track record yet, in spite of Berkshire Hathaway investing in Snowflake recently. Another area we steer clear of are industries that are going through disruption, such as the payments/financial industry. And more!
Threads made its worldwide debut and is taking on Twitter. Signe and Michelle discuss how its name sounds like "threats," which we're guessing Meta Instagram did on purpose. We discuss Threads' impact on the stock market so far and factors investors should consider. Will Zuckerberg defeat Musk in this quest for "town square" app greatness?
In today's episode we discuss the very first steps we take before we invest in a company or its stock. Signe and Michelle have slightly different first steps we take. For example, Michelle will check out the stock price in a quick Google search while Signe will check financial numbers first like Return on Invested Capital (ROIC), Return on Equity (ROE), and debt. In addition, Signe has a tool where she quickly calculates these figures. Michelle also likes to use a spreadsheet to conduct a preliminary or initial company valuation before doing even deeper research. As a little bonus, we talked about gaming stocks!
Signe and Michelle discuss how to find stocks to put on our wish list, whether it is intended for buying or simply watching. There can be both a wish or a watch list depending on how much research we have conducted and whether we have made a final valuation decision on a given stock. We explain how you might come across companies of interest. During this episode we referred to a few prior episodes that you can feel free to check out:
-Checklist starting at episode 8: https://podcasts.apple.com/us/podcast/finding-companies-in-your-circle-of-competence-part-1-008/id1654230975?i=1000596249934
-13F Filings episode 27: https://podcasts.apple.com/us/podcast/how-to-find-out-what-stocks-superinvestors-are-buying/id1654230975?i=1000615842563
-Matthew Peterson episode 28: https://podcasts.apple.com/us/podcast/matthew-peterson-of-peterson-capital-management/id1654230975?i=1000616807735
Many Big Tech Stocks have been going up alongside the rise of artificial intelligence (AI), but is it legit or just all hype? Is AI truly impacting business meaningfully, or is there more that remains to be proven? Signe and Michelle discuss AI's implications for investors. We also make reference to a previous episode, How To Find Out What Stocks Superinvestors Are Buying - 13F Equity Holdings, that you can check out here: https://podcasts.apple.com/us/podcast/how-to-find-out-what-stocks-superinvestors-are-buying/id1654230975?i=1000615842563
Michelle and Signe discuss our favorite investing books for beginners that we highly recommend:
-Invested, Danielle Town with Phil Town
-The Dhandho Investor, Mohnish Pabrai
-The Education of a Value Investor, Guy Spier
-Payback Time, Phil Town
In the show, we refer to the "Margin of Safety" Episode #11 you can check out: https://open.spotify.com/episode/2o3NR2CP233zIk8ahHo5X6?si=4qBb8PqlTYiOkV4pdmX5Jw
Matthew Peterson is a value-based, long-term compounding investor and he was so kind to share his insights in this current investing environment with Signe and Michelle. He provided helpful suggestions for beginner investors, including if you would like to outperform as an investor. While the future is unknowable, we can still employ successful investing strategies as Matthew described. Matthew Peterson's fund is called Peterson Capital Management and you can learn more and contact him by visiting: https://www.petersonfunds.com. Check out Matthew on his YouTube Channel: https://www.youtube.com/@PetersonCapitalManagement. Reach out to him via Twitter: https://twitter.com/mattpetersoncfa.
Michelle and Signe share how you can find out which stock super investors like Warren Buffett, Charlie Munger and Guy Spier are buying. Knowing what they are buying could be inspiration for your own wishlist od stocks. But remember that you need to study the companies behind the stock before you buy it. Signe and Michelle share stories of how they made the mistake of just copying super investors without doing their due diligence. In this show you can also hear some examples of the stocks that the super investors recently bought and where you can find this information.
Remember to subscribe to Investing Mastermind Podcast to get our most recent episode directly in your feed. You can also follow us on Instagram @InvestingMastermindPodcast.
To take an investing workshop, visit Signe's website Investionista.com and to learn more about Buffett-style investing subscribe to Michelle's YouTube channel youtube.com/@MichelleMarki
We discuss the potential impact of the debt ceiling issue that will not only affect the US economy, but also worldwide economies and financial markets. At the time we were recording, the debt ceiling had not yet been raised.
Part 3 of our 2023 Berkshire Hathaway Annual Meeting Experiences where we discuss more of our takeaways from Warren Buffett and Charlie Munger, including the power of consumer behavior in consideration of potential investments. One sad day when Buffett and Munger are no longer on this earth, we discuss why Berkshire (BRK-B) will still be a good stock, and it might even go on sale during an uncertain CEO transition period. We reflected on Berkshire Hathaway's affinity toward bank stocks and concerns with the banking system.
Our 2023 Berkshire Hathaway Annual Meeting Experiences Part 2 where we discuss more of our takeaways from Warren Buffett and Charlie Munger. There was some awesome advice for beginner investors including avoid toxic people, defer gratification, and work on estate planning/wills earlier than later. We discussed Buffett's take on the US reserve currency status and the important implications of cultural power and influence.
Michelle and Signe get together for an in-person talk about their experiences at The 2023 Berkshire Hathaway Annual Meeting for Shareholders in Omaha, Nebraska and we answer some of the questions about the meeting from our audience. It was epic seeing Warren Buffett (92 going on 93 on August 30) and Charlie Munger (99 going on 100 on January 1, 2024) for the second time for both of us!
This weekend is the Berkshire Hathaway Shareholder Festival, so Signe and Michelle are off to Omaha, Nebraska during the week of May 6, 2023! Say hi if you see us there!
Signe and Michelle recount their experiences of attending their first Berkshire Hathaway Shareholders Meeting in 2022. Seeing Warren Buffett and Charlie Munger live was one of the best experiences and it was on both of our bucket lists! We are so grateful to have met so many amazing, like-minded investors. We share several examples and tips of what people can do when they might be visiting Omaha, Nebraska.
Today we discuss the mindset of the value investor in the context of what is going on currently in the markets and economy in Spring 2023. It seems that many of our favorite investors are waiting in cash for an eventual opportunity to buy wonderful companies at wonderful or fair prices. We explain that now is the perfect time to study companies and to get educated. If you're interested in learning how to invest, check out Signe's workshop: https://www.aahus.com/p/workshop.html
We're excited to feature a special guest, Adam Mead, who is the CEO and Chief Investment Officer of Mead Capital Management, LLC, a value-focused New Hampshire-based Registered Investment Advisor he founded in 2014. He’s also the founder of WatchlistInvesting.com, a monthly value investing newsletter featuring deep dives on quality companies. Adam spent over a decade in banking in commercial credit and has been investing in the public securities markets since 2004. He owned two non-financial small businesses during college and grew up in a family of small business owners. Adam has been covered by Business Insider and the Wall Street Journal. Reach him on Twitter: @brk_student, LinkedIn: https://www.linkedin.com/in/adam-j-mead, or Website: watchlistinvesting.com
Today Signe and I discuss investing-related news with two separate topics of Credit Suisse and an AI Tool named after Warren Buffett, legendary investor. We discuss the implications of the deal between UBS and Credit Suisse and how UBS shareholders may not have been given the opportunity to voice their thoughts on the government-brokered deal between these major Swiss banks. We also discuss the technological advancements and limitations of an AI Tool that endeavors to retrieve information that suits Warren Buffett-style investing.
In today's episode Signe and Michelle discuss our selling strategies for investments. If you follow the Warren Buffett and Charlie Munger style of investing, ideally as a long term investor you never would have to sell your investments. However, sometimes the story changes with a company, or an industry, or other changes occur that may change our original investment case. We share our experiences of when we sold stocks and how we think about our equity exit strategies, if need be.
Signe and Michelle analyzed the remainder of Warren Buffett's 2022 Letter that came out with Berkshire Hathaway's 2022 Annual Report at the end of February 2023. We resumed the discussion on share repurchases AKA share buybacks, which can be both good and bad capital allocation strategies. We explained why Buffett emphasizes operational earnings over GAAP earnings. Buffett seems to be really proud of how much Berkshire contributes in taxes to the US government. Finally, Buffett dedicated a tribute to his best friend and partner, Charlie Munger, by including some of Charlie's best quotes of wisdom. There is so much to learn from Buffett, who has successfully run Berkshire for 58 years and counting. We hope you enjoy the second part of our discussion on this subject. If you'd like to read Berkshire's annual report and Buffett's letter, visit: https://www.berkshirehathaway.com/reports.html.
Signe and Michelle analyzed Warren Buffett's 2022 Letter that came out with Berkshire Hathaway's 2022 Annual Report at the end of February 2023. We especially found noteworthy how Buffett referred to Berkshire shareholders as individuals with their savings in the form of Berkshire shares. Buffett must have had death on his mind in mentioning it across many business and personal scenarios. Buffett paid tribute to his best friend and business partner, Charlie Munger, who is still going strong at 99 years young. In running Berkshire for 58 years, Buffett has reached a milestone unmatched by most CEOs. He seemed to reiterate the moral duties and company culture that he expects Berkshire's future CEOs to uphold, especially in continuing to be the Chief Risk Officer and capital allocator as Buffett has been faithfully. When Signe quoted Buffett, "Nothing Beats Having a Great Partner," we shared our mutual gratitude to be business partners in this podcast adventure of trying to follow Buffett and Munger in their footsteps. There is much wisdom to be gained from Buffett in this year's letter, and we hope you enjoy the first part of our discussion on this subject.
If you'd like to read Berkshire's annual report and Buffett's letter, visit: https://www.berkshirehathaway.com/reports.html.
We are so excited to share an interview we did with The Investor's Podcast Network's Millennial Investing Podcast hosted by Rebecca Hotsko. We shared our journey of how we are trying to invest like the best investors, Warren Buffett and Charlie Munger. We broke down Buffett and Munger's investing strategy and how everyday people can apply these investing principles to their own portfolios. We dove into the key steps of how to value businesses like Buffett does, and what is a sufficient "margin of safety" for an investment. We are so grateful to Rebecca and TIP for including us in their investing community and for sharing our investing experiences and lessons we have learned. Check out the Millennial Investing Podcast and their episode of our interview #MI258 by visiting: https://www.theinvestorspodcast.com/millennial-investing
Today Michelle and Signe from Investing Mastermind Podcast have invited a special guest onto the show. Wesley Chambers is an investor from London, England, and he's also an amazing content creator who inspires us so we wanted to learn more about him and his investing style.
Wes shares signature content on Instagram and his blog on company valuations. From time to time, he also shares background information about the Warren Buffett style investing methodology.
We are so grateful to have spoken with Wes and we hope you enjoy his investing insights! If you want to know more about Wes and follow his content you can find him here:
Blog and Newsletter: https://substack.com/profile/74821602-wesley
Instragram: https://instagram.com/investingwithwes
Twitter: https://twitter.com/investwithwes1
Part five of an ongoing series on Warren Buffett and Charlie Munger's 4 principles of investing. We walk through these investing principles in the form of a checklist that you can download here: https://www.aahus.com/2021/05/one-of-most-important-artifacts-or.html
We go through these steps in a company before we invest in its stock. The 4 investing principles/steps we discuss in this series are: 1) Understanding the business (circle of competence), 2) Management (honest & competent), 3) Moat (favorable long term prospects), and 4) Margin of Safety (available at an attractive price). A bonus, or 5) Inversion to make sure you fully understand the potential drawbacks of an investment idea.
Charlie Munger is famous for saying "invert, always invert" to destroy your best loved investment idea and understand all of the reasons why one should not invest in a particular asset. We discuss a few examples among Costco, Peloton, and more.
Part four of an ongoing series on Warren Buffett and Charlie Munger's 4 principles of investing. We walk through these investing principles in the form of a checklist that you can download here: https://www.aahus.com/2021/05/one-of-most-important-artifacts-or.html
We go through these 4 steps in a company before we invest in its stock. The 4 investing principles/steps we discuss in this series are: 1) Understanding the business (circle of competence), 2) Management (honest & competent), 3) Moat (favorable long term prospects), and 4) Margin of Safety (available at an attractive price).
Today's topic is especially exciting on the subject of Margin of Safety, or buying something of high quality at a discount to its value. In the context of investing, you want to figure out the "intrinsic value" of a company during your research or homework phase of studying businesses. It's important to note that the stock market's price on a company is not always equal to the company's value.
Once we figure out the company's intrinsic value per share, we then would want to buy its stock at a discount (margin of safety) by calculating a final stock buy price using various valuation methods that we discussed in this episode.
Part three of an ongoing series on Warren Buffett and Charlie Munger's 4 principles of investing. We walk through these investing principles in the form of a checklist that you can download here: https://www.aahus.com/2021/05/one-of-most-important-artifacts-or.html
We go through these 4 steps in a company before we invest in its stock. There are 2 rules of investing according to Warren Buffett: Rule #1: don't lose money, and Rule #2: never forget Rule #1. We don't want to lose our hard-earned money so that's why it's important to do this "homework" before we buy any stocks.
The 4 investing principles/steps we discuss in this series are: 1) Understanding the business (circle of competence), 2) Management (honest & competent), 3) Moat (favorable long term prospects), and 4) Margin of Safety (available at an attractive price).
When we invest in a wonderful company, it's because it has a durable, competitive advantage that is known as its moat. Many companies might not have a moat at all, so it's key to identify the business's strengths and weaknesses. Much like the medieval castle moat, a business moat helps prevent its competitors from taking away market share.
You want to look for business advantages that sustain the business for a long period of time, such as these moats: brand, switching, network effects, secrets, toll bridge, price/cost. We discussed examples of moats.
Note: We apologize for some audio issues we had in this episode, and have made adjustments for improved future episodes. Thank you for understanding.
Part two of an ongoing series on Warren Buffett and Charlie Munger's 4 principles of investing. We walk through these investing principles in the form of a checklist that you can download here: https://www.aahus.com/2021/05/one-of-most-important-artifacts-or.html
In this style of investing, we learn a lot about companies before we invest in their stocks. The 4 investing principles/steps we discuss in this series are: 1) Understanding the business (circle of competence), 2) Management (honest & competent), 3) Moat (favorable long term prospects), and 4) Margin of Safety (available at an attractive price).
Today we're focusing on the role and expectations of a company's management, especially the Chief Executive Officer (CEO). The Board of Directors also makes up management, and their job is to choose and oversee the CEO. We discuss both quantitative and qualitative ways of evaluating the CEO's performance in running a company. Can we trust and believe the CEO? How do we know they have integrity and talent?
While the CEO is often known as the company's top salesperson, arguably the CEO's most important role is that of a capital allocator. How they decide to allocate capital in the form of human resources or money is important to analyze as to whether they are making the appropriate decisions to grow the company. The more you study a company's management, the more you can envision whether a company is aligned with your values and expectations as an investor.
This podcast episode is the first in a discussion series about Warren Buffett and Charlie Munger's 4 principles of investing. We walk through these investing principles in the form of a checklist that you can download here: https://www.aahus.com/2021/05/one-of-most-important-artifacts-or.html
In this style of investing, we learn a lot about companies before we invest in their stocks. The 4 investing principles/steps we discuss in this series are: 1) Understanding the business (circle of competence), 2) Management (honest & competent), 3) Moat (favorable long term prospects), and 4) Margin of Safety (available at an attractive price).
Today's deep dive is focused on the circle of competence or working toward the point where we truly believe we understand the business. We provide new investors with ways they can brainstorm in getting to know a company they might wish to invest in. We also discuss how guru investors (the best investors) can give us ideas about potential investments we may wish to study.
One way that we learned how to figure out what businesses could be within our circle of competence is called the "Three Circles Exercise." Learn more about how this exercise works by watching Michelle's video: https://youtu.be/7HP5Ky__zso
Before we invest, we want to make sure the business matches our personal values and ethics. We also consider how the company impacts the world. It's also important to define the boundaries of our knowledge so that we don't invest in companies or industries that we don't fully understand.
Today we want to give you glimpse into our lives behind the scenes of this podcast and share more of who we are and why we wanted to share our knowledge and passion about investing with the world. Both Signe and Michelle come from non-financial professional backgrounds and they discuss their investing learning journeys. We had been searching for an investing strategy that made sense to us. When we read and listened to the "Invested" book and podcast by Danielle and Phil Town, we finally found the Warren Buffett investing style that resonated with us. We discussed how many financial advisors are paid fees regardless of how their clients' portfolios perform, but sometimes professional financial help can be really helpful depending on the situation.
We explained our investing practices and how we live and breathe the investing lifestyle. We reminisced about our incredible experiences at the Berkshire Hathaway annual meeting in Omaha, Nebraska and seeing Buffett and Munger live at least once. We met amazing investors like Mohnish Pabrai and Guy Spier. It wasn't a "Wolf of Wall Street" kind of party but a "Woodstock for Capitalists," where a community of like-minded investors came together in the spirit of kindness and sharing. Michelle discussed how she uses practice shares (a concept from Danielle Town) to start having "skin in the game" when researching potential stock investments.
Signe's 12 month investing practice resource: https://www.aahus.com/2021/09/investing-practice.html
Signe's investing checklist: https://www.aahus.com/2021/05/one-of-most-important-artifacts-or.html
In today's episode we discuss why now is the perfect time to learn about investing in companies, especially in the way that Warren Buffett invests. You might be wondering if it's a good time to invest since the stock market has been down for the last year. Even though many people could be selling stocks, there could be significant buying opportunities if you find undervalued equities. Just as one would be excited to buy one's favorite food items for 50% off at the grocery store, the same framework applies to investing. We explain how high prices for stocks are not necessarily reflecting the quality of the underlying businesses. Buffett has said "price is what you pay, value is what you get," and it's important to know that a market price is not always equal to a company's intrinsic value. We started introducing Signe's investing checklist as a helpful resource, which you can check out here: https://www.aahus.com/2021/05/one-of-most-important-artifacts-or.html
Another resource is how we might come across potential investment ideas, and Michelle mentioned how helpful the "We Study Markets" newsletter is and it's totally free. Anyone can sign up to the Investor’s Podcast Network’s full daily commentary and expert insights in the We Study Markets newsletter: https://sparklp.co/p/9f8a748fff
Michelle Marki and Signe Lonholdt explain Warren Buffett and Charlie Munger's four principles of investing. Instead of blindly buying a stock, then waiting and hoping that the stock will go up in price, we carefully take the first step before we even buy the security. The difference is that instead of just hoping for an increase in the stock price, this first step will help you understand if the stock is trash or treasure since there are many aspects of a stock besides its price.
These investing principles are critical to understand if you would like to invest in stocks like the best investors of all time. The great news is these principles are not complicated to learn.
The first principle or the first step is what Buffett calls the "circle of competence," which is just a way of saying that you can understand the business. The second principle is "moat," which comes from the protective body of water surrounding a medieval castle. In the investing context, moat means a business's durable, competitive advantage(s). The third principle is "management," as in does the CEO have integrity and talent in running the company? The fourth principle is "margin of safety," which means to buy a wonderful company at a discount to its intrinsic value.
By buying the company at a lower price to its "real value," you would allow for some margin of error in judging what a company is really worth. While it's not easy, investing can really be this simple if you follow these steps diligently!
Since it's the holidays, Signe and Michelle at the Investing Mastermind Podcast just wanted to wish you and your families a wonderful holiday season!
We're so happy you're tuning in and listening to the show, and we're so grateful for your feedback! If you have a question that you would like us to answer, please send us an email at InvestingMastermindPodcast@gmail.com.
Please remember to subscribe to our podcast so you get the next episode right when it's hot off the press. We'll be back with new episodes in 2023! See you in the new year!
Michelle Marki and Signe Lonholdt explain Warren Buffett and Charlie Munger's four principles of investing. Instead of blindly buying a stock, then waiting and hoping that the stock will go up in price, we carefully take the first step before we even buy the security. The difference is that instead of just hoping for an increase in the stock price, this first step will help you understand if the stock is trash or treasure since there are many aspects of a stock besides its price.
These investing principles are critical to understand if you would like to invest in stocks like the best investors of all time. The great news is these principles are not complicated to learn.
The first principle or the first step is what Buffett calls the "circle of competence," which is just a way of saying that you can understand the business. The second principle is "moat," which comes from the protective body of water surrounding a medieval castle. In the investing context, moat means a business's durable, competitive advantage(s). The third principle is "management," as in does the CEO have integrity and talent in running the company? The fourth principle is "margin of safety," which means to buy a wonderful company at a discount to its intrinsic value.
By buying the company at a lower price to its "real value," you would allow for some margin of error in judging what a company is really worth. While it's not easy, investing can really be this simple if you follow these steps diligently!
Signe Lonholdt and Michelle Marki explain the meaning behind our Investing Mastermind Podcast. The word "mastermind" is powerful because it's a collective of minds who invest like our role models Warren Buffett and Charlie Munger. We consider our listeners to be part of this mastermind as we aim to foster a community of like-minded investors. By sharing our thoughts together, we can help each other become better investors.
We also have a conversation about which investors we like to learn from: Phil Town, Danielle Town, Guy Spier, Mohnish Pabrai, Ben Graham, Philip Fisher, Howard Marks, and other inspirational investors. We share what our investing practice is like to stay connected with these investing gurus and investing trends. At a high level, we discussed how we find great businesses that we then further investigate.
As individual investors, Podcast hosts Signe Lonholdt and Michelle Marki explain why we are doing this podcast. We share our learning journeys along a path toward investing in a way that makes sense to us. Both Michelle and Signe came across a way to invest in the stock market that was unlike anything we had seen before. A type of investing that had proven to give the best rates of return compared to other strategies and that didn’t require complicated models but a good portion of common sense. We are striving to reach our financial goals by investing like legendary investors Warren Buffett and Charlie Munger.
In this episode we discuss the money stories we grew up with in our families. We share the aspects of this investing style that really resonated with us, such as having a business owner mindset and the idea of investing for the long term. There was a realization about the powerful merits of having a concentrated portfolio compared to a highly diversified portfolio which is counter to everything we had learned before we discovered Buffett and Munger.
Since stock market investing financial concepts can be really confusing for beginner investors, we hope that our experiences can shed light on ways to invest and inspire others to pursue investing for generational wealth too. Nowis a great time to learn how to invest because economic uncertainty is causing some of the stock market to go on sale in 2022. It's an exciting time because there could be opportunities to buy wonderful companies' stocks at a price that makes sense. So be sure to subscribe to the show and tune in when we release new episodes on Tuesdays!
Even though we are not financial professionals and none of this is investing advice, we hope you enjoy! Visit our websites: www.michellemarki.com and www.aahus.com.
Michelle Marki and Signe Lonholdt created the Investing Mastermind Podcast, and this is our introductory episode. We are everyday investors who are on a journey of investing like the best investors Warren Buffett and Charlie Munger, and they are the inspiration for this podcast.
We seek to inspire and encourage people, and especially women, to become their own investors. We’re so excited to share what we’re continuously learning about investing. For us, investing is a part of our lifestyles.
Even though we are not financial professionals and none of this is investing advice, we hope you will gain some educational benefit through listening to us. Thank you and we hope you enjoy.