CMQ Investing Presents: Compound Money Quietly: Recent Episodes
Chris Franco
Join a growing community of investors who are building wealth through rational thinking and compound interest. Hosted by Chris Franco, CMQ Investing uncovers the truth about investing. You will learn the investment strategies of legendary investors like Charlie Munger, Warren Buffett, and John Bogle. We share lessons from investment books and academic studies, and combine this with market commentary and financial news. Tune-out the noise when you tune-in with us!
Nick Maggiulli is the Chief Operating Officer at Ritholtz Wealth Management and author of the popular investing book Just Keep Buying: Proven ways to save money and build your wealth. If you enjoy this episode, buy Nick's book on Amazon and follow CMQ Investing for free.
Nick Maggiulli is the Chief Operating Officer at Ritholtz Wealth Management and author of the popular investing book Just Keep Buying: Proven ways to save money and build your wealth. If you enjoy this episode, buy Nick's book on Amazon and follow CMQ Investing for free.
Cathie Wood's ARKK Fund is imploding, just as I predicted it would in January of 2022. Yesterday the ARK Invest CEO published an open letter to the Federal Reserve chair, Jerome Powell, encouraging him to lower interest rates. I can't make this up! Listen to this episode for my immediate reaction, and please make sure to subscribe and share. It helps CMQ Investing grow. Thank you!
This episode builds on what we learned about The Mathematical Advantages of Doing Nothing. It features empirical evidence and wisdom from Charlie Munger, Warren Buffett, and Jack Bogle. Please share and subscribe. Thank you!
"You can see the results of not learning from other's mistakes by simply looking [around]. How little originality there is in the common disasters of mankind - drunk driving deaths, reckless driving maimings, incurable venereal diseases, conversion of bright college students into brainwashed zombie as members of destructive cults.." -Charlie Munger
"You can see the results of not learning from other's mistakes by simply looking [around]. How little originality there is in the common disasters of mankind - drunk driving deaths, reckless driving maimings, incurable venereal diseases, conversion of bright college students into brainwashed zombie as members of destructive cults.." -Charlie Munger
In this episode, you will learn everything you need to know about the Margin of Safety concept. The Margin of Safety concept one that all investors should know, internalize, and most importantly, apply. Should I read more from the classic investing books? Let me know here: https://bit.ly/cmq-feedback
In this episode, you will learn everything you need to know about the Margin of Safety concept. The Margin of Safety concept one that all investors should know, internalize, and most importantly, apply. Should I read more from the classic investing books? Let me know here: https://bit.ly/cmq-feedback
Warren Buffett preaches the importance of buying more of something you own for less than you initially paid. However, that's easier said than done in 2022. According to the WSJ, 2022 is the worst year for buying the dip since the 1930s. Learn more by listening to this episode!
Warren Buffett preaches the importance of buying more of something you own for less than you initially paid. However, that's easier said than done in 2022. According to the WSJ, 2022 is the worst year for buying the dip since the 1930s. Learn more by listening to this episode!
Learn how to avoid one of the biggest mistakes investors make. This episode features wisdom from Charlie Munger and Warren Buffett along with the lessons we can learn from the ridiculous story of Nikola. Enjoy!
Learn how to avoid one of the biggest mistakes investors make. This episode features wisdom from Charlie Munger and Warren Buffett along with the lessons we can learn from the ridiculous story of Nikola. Enjoy!
Learn the most painful lessons Warren Buffett learned after buying cigar butt (or cheap) companies. If you like this episode, please share and subscribe. Thank you!
Learn the most painful lessons Warren Buffett learned after buying cigar butt (or cheap) companies. If you like this episode, please share and subscribe. Thank you!
Learn about a small portion of Warren Buffett's 1996 letter to shareholders and the invaluable lessons it reveals about how to idetify the best businesses. Please share and subscribe!
Learn about a small portion of Warren Buffett's 1996 letter to shareholders and the invaluable lessons it reveals about how to idetify the best businesses. Please share and subscribe!
Learn 3 time-tested concepts that all investors who aim to be rational can use to their advantage. This epsiode features highlights from a Financial Time article (2007) written by Arne Alsin, CIO and portfolio manager of Worm Capital.
Learn 3 time-tested concepts that all investors who aim to be rational can use to their advantage. This epsiode features highlights from a Financial Time article (2007) written by Arne Alsin, CIO and portfolio manager of Worm Capital.
Jack Bogle teaches us why costs can make the difference between investment success and investment failure. If you apply Bogle's time-tested wisdom, your future self will likely be wealthier as a result. Please follow, share, and listen to more episodes.
Learn key takeaways and actionable insights from "The Loser's Game" by Charles D. Ellis. Ellis' classic article was published in 1975 and won the Graham & Dodd award in 1977. The wisdom is timeless and usable. Hope you enjoy!
Despite the short-term pain they cause, bear markets offer an opportunity for Gen Z and Millenial investors. This episode also covers their history, typical duration, and much more. Please follow CMQ Investing and share this episode with a friend. It helps us grow. Thank you!
This epsiode begins with the news that Warren Buffett sold some of Berkshire Hathaway's stake in BYD. The response from the investment community reminded me of one of Warren Buffett's most valuable lessons about how to think if you want to be a great investor. If you find value in this episode, please share it with a friend. Thank you!
This epsiode begins with the news that Warren Buffett sold some of Berkshire Hathaway's stake in BYD. The response from the investment community reminded me of one of Warren Buffett's most valuable lessons about how to think if you want to be a great investor. If you find value in this episode, please share it with a friend. Thank you!
You will learn about the recent Whisleblower complaint filed by Twitter’s former Head of Security, and how it illustrates one of Warren Buffett’s most valuable lessons about investing.
You will learn about the recent Whisleblower complaint filed by Twitter’s former Head of Security, and how it illustrates one of Warren Buffett’s most valuable lessons about investing.
You will learn how blockchain technology is revolutionizing the way Wall Street institutions like Goldman Sachs and JPMorgan do business. The content is important for all investors to consider as blockchain technology will likely impact every business in some form or fashion. If you like this episode, you should listen to this episode next.
The war between Apple and Facebook is far from over. This episode reveals how small businessess are struggling to acquire new customers as efficiently as they once did, prior to Apple's privacy changes. What does this mean for the businesses you follow?
One of the advantages of the VOO over the VTI is the turnover ratio. This metric is important for all investors to understand, and this episode will help you do just that. Hope you enjoy!
This episode uncovers 5 costly investing mistakes that all investors should avoid. Warren Buffett and Charlie Munger discussed these mistakes at Berkshire Hathaway meetings pre-1994 i.e. before the meetings were recorded and transcribed. Listen to the full episode for the full story.
It has been 90 days since I last shared the details about what is inside my stock portfolio. You will learn what seven stocks (and two index funds) make up nearly 100% of the portfolio's value. I also detail the time-tested principles that serve as the foundation of my personal investment strategy. Hope you enjoy!
Alibaba was the U.S.’s largest IPO in 2014, but now $BABA is one step closer to being delisted. What happened to Alibaba between now and then? Should U.S. shareholders worry about a potential delisting? Find out the latest about Alibaba's delisting drama in this episode.
Elon Musk’s character traits have a tendency to get him into trouble, as shown by Twitter’s new lawsuit attempting to force the completion of his $44 billion acquisition of the company. What are those traits, and what can we learn from them? I share my analysis of Elon Musk’s psychology and some relevant lessons about leadership with help from Charlie Munger.
Advances in technologies like blockchain and AI supposedly have the potential to fuel economic growth, creating billions of dollars of value for investors. But are these new technologies living up to the hype? I share and discuss the findings of a new article from Nieman Lab about why we could be living in an unproductive bubble.
Warren Buffett says that he would have been “a whole lot poorer” without the influence of his business partner Charlie Munger. But what effect did Charlie actually have on Warren’s investment career? We take a trip back to 1988 and read from “The Inside Story of Warren Buffett,” Carol J. Loomis’s Fortune Magazine article that describes the origins of Warren and Charlie’s successful business partnership. If you enjoy the episode, please follow the podcast and share it with a friend.
Have Elon Musk’s Dogecoin tweets lost their magic touch? Over the weekend, Elon Musk again tweeted his support for Dogecoin, but his statements failed to move the price of the cryptocurrency as much as they did in 2021. What does this say about the state of the crypto economy amidst the ongoing crash? I share my thoughts. If you enjoy the episode, please follow the podcast and share it with a friend.
My research into emerging market ETFs has led me to conclude that they’re a ripoff for retail investors. I share three reasons to avoid them based on investing lessons I’ve learned from Jack Bogle and Warren Buffett. If you enjoy the episode, please follow the podcast and share it with a friend.
In his 2011 letter to Berkshire Hathaway shareholders, Warren Buffett described the three different types of assets—and warned against investing in assets like Bitcoin, whose value has plunged 27% this week alone. I share the lessons from this letter that help provide clarity to this week's cryptocurrency crash. If you enjoy the episode, please follow the podcast and share it with a friend.
Invesco’s popular $QQQ ETF charges an expense ratio of 0.20%. Why is it so expensive? I read the fine print of QQQ’s prospectus and discover the potentially disturbing truth about how QQQ investors’ money is spent. If you enjoy the episode, please follow the podcast and share it with a friend.
Are you feeling anxious about your investments as fears of a recession loom? Tune out the noise with these words of investing wisdom from Warren Buffett, Charlie Munger, and Jack Bogle that will help you avoid the influence of uncertain macro forecasts.
I explain the importance of minimizing the costs of your investments — a mathematically-proven way to improve your investment returns. Features sections from “The Little Book of Common Sense Investing” by Jack Bogle, founder of the Vanguard Group and pioneer of the low-cost index fund.
According to the Wall Street Journal, “investors and their frayed nerves were tested further Friday" as the S&P 500 briefly dipped into bear market terrain, or 20% below its most recent high. In response to this news, I share the wisdom that helps me stay rational as an investor during these uncertain times in the stock market.
Is it inefficient to wait for good companies (or stocks) to go on sale? I share my response to this question from a fellow CMQ Investor. The wisdom is relevant to today’s stock market and will endure in the future no matter the market conditions. If you enjoy the episode, please follow the podcast and share it with a friend.
During the 2008 financial crisis, Charlie Munger made millions on behalf of the Daily Journal corporation by investing their cash in beaten-down stocks. I share the lessons from a 2013 Wall Street Journal article about how Charlie was able to profit while other investors panicked. If you enjoy the episode, please follow the podcast and share it with a friend.
Want to learn how to pick stocks like Warren Buffett? In Episode #90 of the CMQ Investing podcast, we go back in time to 1996, a year when Warren Buffett unveiled the wisdom of his stock-picking strategy. If you enjoy the episode, please follow the podcast and share it with a friend.
In Episode #89 of the CMQ Investing Podcast, I share my hot take on the overlooked reason why Elon Musk bought Twitter: It ensures that Tesla’s ($TSLA) marketing and advertising remain essentially free for the foreseeable future. If you enjoy the episode, please follow the podcast and share it with a friend.
Shares in Netflix ($NFLX) plunged 35% on Wednesday, after the company announced they lost 200,000 subscribers in Q1 2022. In Episode #88 of the CMQ Investing podcast, I share the enduring investing lessons from Warren Buffett and Charlie Munger that this news can help us remember and retain. If you enjoy the episode, please follow the podcast and share it with a friend.
In Episode #87 of the CMQ Investing podcast, I share an important, behind-the-scenes update with you about the state of CMQ Investing: Where we are, how we got here, and where we’re headed in the future.
Subscribe to the CMQ Investing YouTube channel: https://www.youtube.com/CMQInvesting
Nick Maggiulli, creator of OfDollarsAndData.com and Chief Operating Officer for Ritholtz Wealth Management, is the author of the new book “Just Keep Buying: Proven ways to save money and build your wealth.” Maggiulli joins Franco to discuss a range of topics—including why dollar cost averaging always beats market timing, Elon Musk’s bid for Twitter ($TWTR), the data on individual stock picking, our favorite Charlie Munger quotes, why you might be saving too much, the best books to read, and much more. If you enjoy the episode, please follow the podcast and share it with a friend.
Link to the blog post discussed in the episode: https://ofdollarsanddata.com/regrets/
Brian Feroldi has the #1 investing book on Amazon this week (Why Does The Stock Market Go Up?). Feroldi joins Franco to discuss a range of topics—including investing psychology, reasons to sell your stocks, Netflix ($NFLX), Alibaba ($BABA), Paypal ($PYPL), Zoom ($ZM), Peloton ($PTON), investing mistakes to avoid, and much more.
According to some investors on social media, collecting passive income from dividend stocks is one of the best ways to make money in the stock market. But dividend stocks have downsides that are rarely ever talked about. In Episode #84 of the CMQ Investing podcast, you’ll learn why many great businesses (including Berkshire Hathaway) don’t pay dividends—and why, according to legendary investor Phil Fisher, stocks that don’t pay dividends are often superior for long-term investors.
In Episode #83 of the CMQ Investing podcast, I come clean about the mistakes I’ve made in the past that have caused me to lose money in the stock market. I share the lessons I learned from making those mistakes, and give some examples of how I continue to apply those lessons today. If you enjoy the episode, please follow the podcast and share it with a friend.
In Episode #82 of the CMQ Investing podcast, I summarize and explain Charlie Munger’s unique approach to investing in the stock market. You’ll learn how to identify great investing opportunities, what to do when you find them, and how to use “worldly wisdom” to compound your money like one of the greatest investors of all time. If you enjoy the episode, please follow the podcast and share it with a friend.
According to Charlie Munger, “the game of investing is one of making better predictions about the future than other people.” In Episode #81 of the CMQ Investing podcast, I share the framework I use to make predictions about the future earnings of a business, and explain why I avoid investing in businesses whose futures are difficult to predict. If you enjoy the episode, please follow the podcast and share it with a friend.
In Episode #80 of the CMQ Investing podcast, I share one of the most valuable lessons I've learned from Warren Buffett about risk, and talk about how this lesson is helping me cope with the short-term damage my Alibaba (BABA) stock is doing to my portfolio. The lesson comes from Robert Hagstrom's book The Warren Buffett Portfolio, which Charlie Munger himself recommended at the 1999 Berkshire Hathaway meeting. If you enjoy the episode, please follow the podcast and share it with a friend.
My shares of Alibaba (BABA) dropped below $100 today as investors are panic selling. I was tempted to sell, but thankfully I was reminded of a timeless investing lesson from legendary investor Phil Fisher.
In Episode #78 of the CMQ Investing podcast, I share my thoughts on today’s investing news—including inflation’s 40-year record high of 7.9%, stock market volatility, Amazon’s 20:1 stock split, Limewire’s crypto comeback, President Biden’s new executive order on cryptocurrency, and much more. If you enjoy the episode, please follow the podcast and share it with a friend.
In Episode #77 of the CMQ Investing podcast, I respond to our first negative review on Apple Podcasts. If you enjoy the episode, please follow the podcast and share it with a friend.
In Episode #76 of the CMQ Investing Podcast, I review and share my thoughts on today's investing news—including the record surge in U.S. gas prices, Berskhire's $5 billion bet on Occidental Petroleum (OXY), major equity losses in U.S. pension funds, Shake Shack's Bitcoin loyalty rewards, crypto's new ally in the U.S. Senate, and much more. If you enjoy the episode, please subscribe and share.
The Russian invasion of Ukraine has sent stocks tumbling, and investors across the globe are wondering how to protect their portfolio during this major world event. In Episode #75 of the CMQ Investing podcast, I share my thoughts on what it means to be a rational investor during these uncertain times. Would Warren Buffett and Charlie Munger change their investing strategies because of a major war? Listen to find out. If you enjoy the episode, please follow the podcast and share it with a friend.
In Episode #74 of the CMQ Investing podcast, I read and react to Warren Buffett’s latest letter to Berkshire Hathaway shareholders. If you enjoy the content, please follow the CMQ Investing podcast and share it with your friends.
Alibaba ($BABA), the dominant stock in my portfolio, is set to report its fourth-quarter earnings results tomorrow. According to an article in Barron's today, the numbers might not look good. In Episode #73 of the CMQ Investing podcast, I familiarize myself with analysts' low expectations for BABA and explain why, despite whatever happens tomorrow, I'm still holding BABA for the long term. If you enjoy the episode, please follow the podcast and share it with a friend.
In Episode #72 of the CMQ Investing podcast, you’ll find out why Warren Buffett says that you don’t need a high IQ to be a successful investor. I share the key lessons from an article about the 1990s hedge fund Long Term Capital Management, which was known for employing geniuses at its trading desks before its $3.6 billion bailout in 1998. If you enjoy the episode, please follow the podcast and share it with a friend.
In Episode #71 of the CMQ Investing podcast, I share my initial reaction to Charlie Munger's remarks at the 2022 Daily Journal ($DJCO) meeting, where Charlie spoke on a wide range of topics—including climate change, his investment in Alibaba, the risks of investing in China, "pretentious expenditures" made by individuals and corporations, Lee Kuan Yew, Otto Bismarck, interest rates, inflation, and much more. If you enjoy the episode, please follow the podcast and share it with a friend.
For Episode #70 of the CMQ Investing podcast, I've remastered and updated a fan-favorite episode from last August about the Berkshire Hathaway annual shareholder meeting that Warren Buffett described as "humiliating." The episode features improved audio quality, additional context, and a bonus reading from a recent Financial Times article that highlights the similarities between Buffett's position as an investor in 2000 and today. If you enjoy the episode, remember to follow the podcast and share it with a friend.
In Episode #69 of the CMQ Investing podcast, I explain why I won't be investing in Peloton ($PTON) stock, despite its recent plunge. My reasoning is informed by a time-tested investing lesson about the durability of a business. If you enjoy the episode, please follow the podcast and share it with a friend.
Meta Platforms Inc.'s stock crashed 26% on Thursday, wiping out a historic $251 billion in the company's market cap. In Episode #68 of the CMQ Investing podcast, I share my unique perspective on whether the Facebook owner's most recent earnings report was as disastrous as it looks. As an entrepreneur whose business has spent tens of millions of dollars on Facebook advertisements over the years, my insider perspective on the company's business model is one investors won't want to miss. If you enjoy the episode, please follow the podcast and share it with a friend.
Emotions running high after witnessing today's market volatility? Checklists are a simple and powerful tool you can use to stay rational in a volatile market and avoid making major investing mistakes. In Episode #67 of the CMQ Investing podcast, I share legendary investor Phil Fisher's 15-point checklist for identifying worthwhile investments. The checklist comes from Fisher's great book about investing, "Common Stocks and Uncommon Profits." If you enjoy the episode, please follow and share, and be sure to listen to Episode #39: 9 Major Investing Mistakes Every Investor Should Know About.
In Episode #66 of the CMQ Investing podcast, you'll learn a key lesson from Warren Buffett about "how the fortunes were built in this country." If you enjoy the episode, please subscribe and share.
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Shares of Netflix (NFLX) tanked last week. This news is a way for us to illustrate the importance of buying businesses that have moats. This episode features the wisdom of Warren Buffett and Charlie Munger. Please share and subscribe.
As the Nasdaq enters correction territory, many investors are experiencing heightened anxiety about their investments. In Episode #64 of the CMQ Investing podcast, you will learn a new mental trick; one you can use to stay calm during a stock market correction. If you enjoy the episode, please follow and share.
This episode (#63) is an informal Part Two of "My Investment Portfolio Revealed (Allocation & Long-Term Holds)." You will learn the recent changes I made to my stock portfolio and the reasoning behind my moves. If you enjoy the episode, please subscribe and share.
Why does Elon Musk tweet so much? In Episode #61 of the CMQ Investing podcast, you'll learn how Elon Musk’s Twitter-fingers are part of a long-term strategy for Tesla. If you enjoy the episode, please follow and share.
In Episode #60 of the CMQ Investing podcast, you'll learn how every investor can benefit by setting one measurable goal for their investments. I share my personal investment goal for the next 20 years and explain how I plan to achieve it. If you enjoy the episode, please follow and share.
Charlie Munger's Daily Journal Corp nearly doubled its holding in Alibaba ($BABA) in Q4 2021, as the stock plunged 20%. In Episode #59, I share my thoughts on why Munger doubled down on his BABA bet, and explain why "buying the dip" in Alibaba is entirely consistent with Charlie Munger's approach to investing. If you enjoy the episode, please follow and share.
Alibaba ($BABA) stock, one of my biggest holdings, is down nearly 50% this year. In Episode #58 of the CMQ Investing podcast, you'll find out why I'm still bullish on BABA, and why I added more shares to my portfolio after the recent dip. If you enjoy the episode, please follow and share. Thank you! Not investment advice.
Some of our fellow CMQ Investors were considering adding Coinbase ($COIN) to their portfolios. In Episode #57, I crack open the S-1 report and assess the business. Is Coinbase a buy? Listen to find out. If you enjoy the episode, please follow and share. Thank you!
What separates you from legendary investors? What's preventing your from achieving life-changing returns? It may be a fear of intimacy. If you enjoy Episode #56, please follow and share. Thank you for your continued support!
In Episode #55 of the CMQ Investing podcast, we discuss how individual investors should think about preparing for an inevitable interest rate hike. It features the wisdom of Warren Buffett, Seth Klarman, and more.
Apple has become the dominant stock in my portfolio. In Episode #54, you will learn why I am not selling a single share. Specifically, I discuss a key lesson from Warren Buffett's 1996 Annual Letter and a Behavioral Finance concept called the Disposition Effect. Not investment advice.
Many of you have asked me to share more about my investment strategy. This will be the first of many episodes that provides more details about how I am putting my money to work. Please remember: This is not financial advice.
In Episode #52 of the CMQ Investing podcast, you will learn that Charlie Munger doesn't hate cryptocurrency as much as the media makes it appear. To be fair, Charlie recently applauded China's decision to ban cryptocurrency, but there's a lot more to this story. If you enjoy the episode, please share and follow. Thank you!
Jack Dorsey is stepping down as the CEO of Twitter. In Episode #51 of the CMQ Investing podcast, you will hear my "hot take" about this news. You will also learn a time-tested investing lesson about the importance of management. If you enjoy the content, please subscribe and share.
Episode #50 of the CMQ Investing podcast gives you the (unconventional) wisdom you need to navigate inflation as an investor. You will learn why cash is not always trash, even during an inflationary period like the one we are experiencing together in 2021. This episode features the time-tested investing wisdom of Phil Fisher, as shared in his book, Paths to Wealth Through Common Stocks. There is also an appearance from Nobel Prize winning physicist Richard Feynman.
In episode #49 of the CMQ Investing podcast, I answer your questions about Rivian's IPO (RIVN) and their contract with Amazon, my thoughts on MicroStrategy (MSTR), when to cut losses, the ridiculousness of $100 million NFTs, index funds vs. REITs, and why I think crypto is an exciting technology but a potentially dangerous investment. If you enjoy the content, please subscribe and share.
In Episode #48 of the CMQ Investing podcast, you'll learn the often-overlooked context behind Warren Buffett's investment in Apple—and why diverting from the Wall Street consensus was crucial to his $100 billion profit. I share the big lesson from Buffett's Apple investment that has helped me as an investor. If you enjoy the content, please subscribe and share.
In Episode #47 of the CMQ Investing podcast, I answer your questions about Charlie Munger's investment style (and how it differs from Warren Buffett), offer advice for new investors, and share my thoughts on Alibaba's (BABA) dip, the metaverse and much more. If you enjoy the content, please subscribe and share.
In Episode #46 of the CMQ Investing podcast, we cover a range of investing-related topics e.g. how to read 10-K reports, Charlie Munger's investment in Alibaba, reasons to sell your stocks, the connected fitness industry, why I admire Peter Lynch, my thoughts on Microsoft, Tesla, Gamestop, and much more. If you enjoy our content, please subscribe and share.
In Episode #45 of the CMQ Investing podcast, we cover a range of investing-related topics e.g. real estate, REITs, the Rivian IPO, my cryptocurrency allocation, Solana, Facebook's foray into the metaverse, and much more. If you enjoy our content, please subscribe and share.
In Episode #44 of the CMQ Investing podcast, we cover the Squid Game Memecoin crash. The cryptocurrency that was known as SQUID went from $2,862 per coin to $0 per coin in seconds. We connect the dots to an excerpt from "A Random Walk Down Wall Street" about Tulip Bulb Mania and Bitcoin whales. Jimmy NY also makes an appearance with his own memecoin (KNEE). If you enjoy this episode, please subscribe and share. Thank you!
In Episode #43 of the CMQ Investing podcast, we provide context to the recent controversy over Charlie Munger's windowless dorm rooms at UCSB. You will learn why a 2019 WSJ article said that Munger's "approach to architecture echoes his roughly six-decade-long career as an investor: He revels in his ornery defiance of conventional wisdom." If you learn something valuable, please subscribe and share. Thank you!
In Episode #42 of the CMQ Investing podcast, I share my new tool: The Bad Business Checklist. I created this checklist based on what Charlie Munger and Warren Buffett have said about businesses dating back to 1994. It has helped me as an investor, and I hope it helps you, too. If you learn something valuable, please subscribe and share. Thank you!
In Episode #41 of the CMQ Investing podcast, you will learn why Charlie Munger has profited from buying stocks that he never has to sell. If you learn something from this episode, please share and subscribe.
In episode #40 of the CMQ Investing podcast, you will learn why stocks with strong brands can profit during inflation. This episode features examples from Chipotle, P&G, Nestle, and more. We also give a nod to Warren Buffett and Charlie Munger's purchase of See's Candies. If you learn something from this episode, please share and subscribe.
In episode #39 of the CMQ Investing podcast, we review the Library of Congress's 2010 report that identifies 9 common investing mistakes that can crush your investment performance. If you learn something from this episode, please share and subscribe.
In Episode #38 of the CMQ Investing podcast, you will learn why dollar cost averaging can be an irrational approach for investing a sum of money.
In Episode #37 of the CMQ Investing podcast, you will learn why I think ESG ETF Funds are not sustainable for individual investors.
In Episode #36 of the CMQ Investing podcast, you will learn why Charlie Munger told Howard Marks that anyone who finds investing easy is stupid.
The Full Memo - https://www.oaktreecapital.com/docs/default-source/memos/2015-09-09-its-not-easy.pdf
CMQ Investing Newsletter - https://CMQinvesting.com
CMQ Investing YouTube - https://www.youtube.com/cmqinvesting
In Episode #35 of the CMQ Investing podcast, you will learn about Charlie Munger's big investment in Los Angeles real estate, how Apple became one of the world’s largest video game companies, and how history says a bull market for bonds could be on the way.
CMQ Investing Newsletter - https://CMQinvesting.com
CMQ Investing YouTube - https://www.youtube.com/cmqinvesting
Follow Chris Franco - https://twitter.com/chrisfranco
In Episode #34 of the CMQ Investing podcast, you will learn the mind-blowing impact that the costs of investing can have on your long-term performance. Chris Franco reads from a 2005 Jack Bogle keynote speech; one that taught him an invaluable lesson that all investors would benefit from learning.
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In Episode #33 of the CMQ Investing podcast, we discuss Bogle and Buffett, Evergrande, BABA, Charlie Munger's wisdom, Isaac Newton’s big investing mistake, ETH, PYPL, COIN, mental models for CHWY and more.
YouTube: https://www.youtube.com/CMQInvesting
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In episode #32 of the CMQ Investing Podcast, we cover the following:
- The latest stock market news
- Buying the dip
- Growth Stocks vs. Value Stocks
- Ford vs. Tesla
- Risk
- Investment Checklists
- Howard Marks
- Charlie Munger
For more investing wisdom:
Subscribe to the CMQ Investing Youtube Channel
Follow our Instagram @CharlieMungerQuotes
In episode #31 of the CMQ Investing Podcast, you will learn one of the key concepts from Howard Marks’ classic investing book, The Most Important Thing. How do legendary investors like Charlie Munger and Warren Buffett achieve consistently superior investment returns decade after decade? The answer is second-level thinking.
This excerpt from the episode says it best: “Those who consider the investment process simple generally aren’t aware of the need for—or even the existence of—second-level thinking. Thus, many people are misled into believing that everyone can be a successful investor. Not everyone can. But the good news is that the prevalence of first-level thinkers increases the returns available to second-level thinkers. To consistently achieve superior investment returns, you must be one of them.”
For more investing wisdom:
Subscribe to the CMQ Investing Youtube Channel
Follow our Instagram @CharlieMungerQuotes
In this episode of the CMQ Investing Podcast, you will learn why the idea that Bitcoin is the greatest investment opportunity of a lifetime doesn't agree with reality. This epiphany came about thanks to mastering the big ideas from all the major disciplines (just as Charlie Munger recommends). This audio was recorded during recent Instagram live broadcast we hosted via @CharlieMungerQuotes.
This episode is the audio-only version of a recent live broadcast we hosted via @CharlieMungerQuotes. We cover a range of investing-related topics e.g. Bitcoin, bubbles, entrepreneurship, Facebook vs. Apple, thematic ETFs, Charlie Munger, rental properties, and much more.
This episode of the CMQ Investing podcast is the audio-only version of a recent live broadcast we hosted via @CharlieMungerQuotes. We cover a range of investing-related topics e.g. cryptocurrency, NFTs, mental models, investor psychology, diversification, wealth management fees, and much more.
This episode of the CMQ Investing podcast explores the build-up and aftermath of the Dot-Com Stock Market Crash. The following comes from a CNN Money article circa 2000:
"Call it the $1.755 trillion dot.com investing lesson. It's hard to think of a publicly traded Internet company that is not down at least 75 percent from its 52-week high and that hasn't trimmed its expenses or laid off workers. While industry groups have always drifted in and out of favor on Wall Street, it's rare to see an industry evaporate as quickly and completely as Web stocks did...Of the 280 stocks in The Bloomberg Internet Index , 79 are down 90 percent or more from their 52-week high. Another 72 are down 80-89 percent. Only five are down less than 5 percent."
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This episode of the CMQ Investing podcast discusses familiarity bias, the QQQ ETF, attention-grabbing stocks, and much more. For more investing wisdom, subscribe to our newsletter (cmqinvesting.substack.com) and YouTube Channel (/cmqinvesting).
Thematic ETFs are one of most popular investment vehicles in 2021, but do they make sense for retail investors? In this episode of the CMQ Investing podcast, we explore our hunch that thematic ETFs are a ripoff. For more timeless investing wisdom, subscribe to our newsletter (cmqinvesting.substack.com) and YouTube Channel (CMQinvesting).
In this episode of the CMQ Investing podcast, we review the fine print of a wealth management contract. We discover a potentially concerning detail that would be devastating to our long-term returns.
Why was the 2000 Berkshire Hathaway Annual Shareholders Meeting a "worse than humiliating" experience for Warren Buffett? In this episode of the CMQ Investing podcast, we spin up the CMQ Time Machine and take a trip to Omaha, Nebraska in the year 2000, when Buffett and Munger were facing serious backslash for not investing Berkshire Hathaway's cash in high flying dot.com stocks.
A stock is a piece of a business, and we only want to own pieces of great businesses. In episode #22 of the CMQ Investing podcast, we answer a listener question about the indicators/characteristics to look for when evaluating businesses. Find out what makes a great business great!
What do John Bogle, Ray Dalio, Benjamin Graham, and Warren Buffett have in common? What is one mistake they all tell investors to avoid? Listen to the latest episode of the CMQ Investing podcast to find out. For more investing wisdom, subscribe to our free newsletter at cmqinvesting.com.
The stock market hasn't been the same since Robinhood (HOOD) went public. What is the long-term forecast? Is Robinhood's stock a buy? Why or why not? Find out in the latest episode of the CMQ Investing podcast. For more investing wisdom, subscribe to our email newsletter for free via cmqinvesting.com. Follow @ChrisFranco on Twitter and @CharlieMungerQuotes on IG.
Picking stocks isn’t for most investors. However, all investors can learn from Warren Buffett’s process for picking winning stocks. For more investing wisdom, subscribe to our email newsletter for free via cmqinvesting.com. Follow @charliemungerquotes on Instagram.
This episode will provide you with the timeless investing wisdom about how to handle (or hedge against) inflation. For more investing wisdom, subscribe to our email newsletter for free via cmqinvesting.com. Follow @charliemungerquotes on Instagram.
This episode will provide you with the worst investing advice ever. For more investing wisdom, subscribe to our email newsletter for free via cmqinvesting.com. Follow @charliemungerquotes on Instagram.
This episode is a continuation of the big theme from Episode #15. You will learn how Warren Buffett (and Charlie Munger) disregarded the dogma of the day i.e. the notion that risk equals volatility. This didn’t happen only because of Buffett’s propensity for long-term thinking, but it would not have happened without it. Subscribe to our email newsletter for free via cmqinvesting.substack.com or CMQinvesting.com
The best investing minds of all-time have reached the same conclusion: To create long-term wealth, you need to be a long-term investor.
To be a long-term investor, you need to be a long-term thinker. And no one illustrates the power of long-term thinking better than Jeff Bezos.
This episode explores Bezos’ long-term thinking skills and how Bezos has used long-term thinking to fuel his success.
If you enjoy the episode, please leave a written review. It helps more people discover Compound Money Quietly, and I really enjoy reading them. Thank you!
Episode #14 was prompted by a question that Bryan asked me on Instagram:
I agree that it’s best to be concentrated and knowledgeable about a few companies that are good ideas trading at good prices, but what do you think of the argument that some people make that when you’re younger, you should be more “enterprising” with your strategy or even more speculative.
My answer was off-the-cuff. Recording it this way allowed me to tap into an insight that I may have otherwise failed to mention.
I don’t want to spoil the episode, but you can expect thoughtful commentary, lessons from legendary investors, and my best attempts to make you laugh.
One of the issues with taking the passive path to wealth is that your friends might be having fun picking stocks, recruiting people to the #DogecoinArmy, and buying the dip like Cathie Wood. The peer pressure to join them can keep you from taking advantage of the passive approach.
I gave Bryan an idea that any CMQ Investor can use when facing peer pressure to make short-term, speculative moves in the market.
Tell your friend(s) that you will buy the S&P 500 Index ETF (VOO). They can use whatever strategy they prefer. The investor with the best returns in 10 years gets to liquidate the loser’s account and take their money. Ha!
It’s sort of like what Warren Buffett did.
The advantages of passive indexing in your twenties go beyond the returns (and a potentially friendship-ending bet.) Listen to Episode #14 to learn more!
CMQ Investing discovers a connection between investing disasters and engineering disasters with the help of Charlie Munger's favorite mental trick.
For more investing wisdom, subscribe to our email newsletter for free via cmqinvesting.com. Follow @ChrisFranco on Twitter and @CharlieMungerQuotes on IG.
This episode covers the eerie similarities between Warren Buffett’s opening remarks at the 2021 Berkshire Hathaway Shareholders Meeting and the legendary investor's presentation at the Sun Valley Conference in 1999.
For more investing wisdom, subscribe to our email newsletter for free via cmqinvesting.com.
Warren Buffett had some things to say about Robinhood at the 2021 Berkshire Hathaway Annual Shareholders Meeting. Robinhood responded. Episode #11 covers it all.
This episode helps us learn vicariously through Warren Buffett. What mistakes did Warren make that you should avoid?
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This episode covers the battle between legendary investor Charlie Munger and popular online brokerage Robinhood.
For more investing wisdom, subscribe to our email newsletter for free via cmqinvesting.substack.com.
Buying overvalued stocks is an easy mistake to make in 2021, just like it was in 1996. This episode features investing wisdom from Warren Buffett, Peter Lynch, Robert Hagstrom, and Chuck Akre.
When is it the right time for you to sell the stock? The greatest investing minds of all time have thought about this question. I uncovered their individual answers and brought it all together for you. We begin by addressing the recent 50% decline of ViacomCBS (VIAC).
Investors featured in this episode are Warren Buffett, Peter Lynch, John Templeton, Phil Fisher, Howard Marks, Seth Klarman and Charlie Munger.
A friend asked me, "What is one piece of investing advice you would give a younger version of you?" This episode has the answer and much more. The star of the episode is Warren Buffett, but there are appearances from Benjamin Graham, Charlie Munger, Elon Musk, and TikTok Investors.
Charlie Munger said the following to investors at the 2021 Daily Journal shareholder meeting: “Robinhood trades are not free. When you pay for order flow, you're probably charging your customers more and pretending to be free. It's a very dishonorable, low-grade way to talk.”
In this episode, you will learn:
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What did Charlie Munger mean by this?
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How does Robinhood say they make money?
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What is payment for order flow (PFOF)?
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How does Robinhood incentivize active trading?
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Is active trading detrimental to your financial future?
For more investing content like this, subscribe to the podcast so you never miss an episode. You can view all the referenced materials via cmqinvesting.substack.com in a post with the same title as this episode.
This episode aims to make the mental model concept easy-to-understand and apply. We share our working definition of mental model and illustrate how to use it.
Whether you know about mental models or not, this episode adds something completely unique to the conversation.
The multidisciplinary (aka multiple mental models) approach to thinking gave Charlie Munger an enduring competitive edge as an investor, and he credits it with enhancing all areas of his life.
We put Charlie’s first public discussion about his multiple mental models approach in context of Berkshire Hathaway’s history and the $1 billion dollar bet Berkshire made on Coca-Cola in the late 1980s. We also make a unique discovery i.e. how the using multiple mental models to assess investment opportunities continues to be Berkshire Hathaway’s edge, as illustrated by the $60 billion dollar bet Berkshire on Apple.
Howard Marks is the founder of Oaktree Capital and the author of an excellent book titled The Most Important Thing. In the very first chapter, Marks discusses the kind of thinking that is required to consistently outperform the market, something that only a small club of investors can say they’ve done consistently decade-after-decade.
“Since other investors may be smart, well-informed and highly computerized, you must find an edge they don’t have. You must think of something they haven’t thought of, see things they miss or bring insight they don’t possess.”
If you want an edge an investor, then Charlie Munger’s multidisciplinary approach to thinking is something you need-to-know. Here is what else you will learn:
- The origin of Charlie Munger’s multidisciplinary approach to thinking i.e. why he became multidisciplinary in the first place
- How Charlie Munger changed Warren Buffett’s views on investing in the late 1960s
- How the multidisciplinary—or multiple mental models approach—to investing helped Berkshire Hathaway make it’s biggest bet of all time
- The details of the 1994 speech where Charlie Munger introduced his thinking system, but in context of Berkshire Hathaway’s challenges and triumphs in the 1980s and early 1990s.
- How Berkshire’s $60 billion dollar bet on Apple is an example of the enduring edge that the Munger system provides
This episode provides a deeper understanding the power of compound interest, specifically how you can use it your advantage in investing and in life. Here is what our listeners are saying:
- "What I loved most about the podcast is how much important info you covered in such a short period of time.":
- "Extraordinarily enjoyable and well written. You really deserve gratitude for these."
- "Simply brilliant man, thank you so much for creating content of this caliber."
Learn what Charlie Munger really meant when he said, “show me the incentive(s) and I’ll show you the outcome.” This episode brings together ideas about incentives from Warren Buffett, Charlie Munger’s 1995 Harvard University lecture “The Psychology of Human Misjudgment,” FedEx, Xerox, the New Orleans Saints “Bountygate” scandal and more. You will not only learn how to use the power of incentives to improve your own outcomes, but also how to avoid the danger of perverse incentive systems.