Distinguished Speaker Series
Applied Fundamental Analysis & Worldly Value investing
Professor Arvind Navaratnam
00:00:00 Introduction
00:03:29 Thou shall not skim off the top
00:06:25 Thou shall not have an investing team
00:08:18 Thou shall accept that thou shall be wrong at least 1/3 of the time
00:11:00 Thou shall look for hidden P/E of 1 stocks
00:19:59 Thou shall never use Excel
00:31:20 Thou shall always hope a rope to climb out of the deepest well
00:40:33 Thou shall be singularly focused like Arjuna
00:46:07 Thou shall never short
00:48:00 Thou shall not be leveraged. Neither a lender nor a borrower be
00:53:55 Thou shall be shameless cloner
00:54:15 Where to look for investment ideas
00:59:47 Temperament during financial crises
01:04:32 Always have a rope on hand
01:12:06 Investment in Google
01:16:32 Judging Management Teams & Satyam Scam
01:21:27 Sergio Marchionne
01:28:48 Currency risk in international markets
01:39:13 Investing in Distressed companies
01:41:56 Competitive Moats that turn out to be an illusion
01:51:25 Kelly formula
01:53:17 Circle of Competence
01:57:29 Shameless Cloning
01:58:25 Zero Fee Structure
02:04:14 Investing in Protected Moats
02:08:18 When to sell an investment
02:14:35 Personal trails that contribute to a manager’s success
The contents of this video are for educational and entertainment purposes only, and do not purport to be, and are not intended to be, financial, legal, accounting, tax or investment advice. Investments or strategies that are discussed may not be suitable for you, do not take into account your particular investment objectives, financial situation or needs and are not intended to provide investment advice or recommendations appropriate for you. Before making any investment or trade, consider whether it is suitable for you and consider seeking advice from your ownfinancial or investment adviser.
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@RavindraSingh-xn4wd
Thank you for this talk.
@ankitankit-lf9yh
Is he talking abt PE of 1 ?? Or what ? I couldn't hear him clearly can anyone please help me know what exactly he speaks ?? Thx..
@vimalalwaysrocks
@5:45, I still keep wondering how we can consistently get 15 to 20% on capital for beginners
@nikunj150188
Another session to appreciate. Thank you for posting it!
@guharup
Mohnish, you need vipassana. Vipassana and science tells us you dont have free will, its just an illusion.
@alexinvests
2:02:03 is great advice for anyone who wants to start their own fund one day.
@piyushjain9929
I feel in few years Credit card business will be history thanks to all the innovation in fintech
@SubhasishSahoo78
These are pure gold. Can't thank enough to listen to them here. Thanks Mohnish
@niorbox
Thanks for the video Mohnish
@SNUPY-e5c
I came here from the terribletrader
@SaddamAnsari12
Gogia pasha the magician…i see you copied his moustache sir ☺️
@thetimes5664
Forget the noise, focus on the business like Arjun (mahabharata epic).
@sovereignruler
If investing required high-brow mathematics, I'd be out of business. Who said that?
@sovereignruler
The real trick is to find the company that is trading at 100 times earnings that in reality is a 1 PE.
@junseopark1911
Thank you.
@1kral1lowcsgo70
Ccola
@supersonicej
Thank you Mohnish!
@pavanvyasa
Sir i am very impressed by your style of investment.. you have given lot of insight . I want to follow same style with very less capital i have
@dupadupadupa0000
Monish, too many adverts in your videos…
@karanjain1580
mohnish…..what so u have to say about ocean Shipping now
@zengar2134
Thank you teacher!!! You are our Benjamin Graham.
@xuanhuyle6349
After weeks learning from Pabrai, I realized that the amount of knowledge he has in logistics industry is many time more what I have spent 4 years of learning in university, my majors is logistics btw. Now I regret going to university. BTW thank you for your insight and knowledge, I picked up many things from those lessons.
@HuiChyr
How does he make money from the investors if he doesn't take fees?
@stringsify5866
Almost everyday i watch one of your video, learn a lot.
Whenever i figure out one nice company and i go check the stock price company is already trading 10-15 times the book value, how do i plan to invest in such cases in India.
@ZONA_ZERO_OFFICIAL
The only men that ever touch me and pregnant me was my Indian and Egyptian god snoop doggy doggy
I am for the eternity virgen and I don’t give birth because I am a transgender that have
Both sex …
a unique type of human
Any children I have at
This life they are not real my kids they was adopted… and that merry was for political and religious organizations leaders agenda 📇
But I only merry one time in my eternal life … and only that men can pemp me … lol and me pemp him ( Managers of each other )
Dr. Dre is my father energy and my father have a child with my mother best friends ( snoop doggy doggy women version…. and the story repeat again and again … And that is why Elon shall ask snoop doggy doggy about me … and how this and how that …
Before he hit me … I never fuck no one with out my snoop doggy doggy my eternal manager and best friend ❤️
My first one ☝️ my husband I merry snoop doggy doggy.. he is Indian lord a
Real
One ☝️ real Egypt 🇪🇬 god looking for me … always he is the real 👑 father of all my children’s
Trust me
Elon Musk is a new energy artificial intelligence… younger then snoop doggy doggy
I am working with Elon musk because blablabla mooo moooo … my best friend is snoop doggy doggy sister 😂😂😂
You are My real king 👑 you are so loyal… your real
Wife-mother-children-sister is ready for you to meet again. I am coming back to meet with you before I pass away or before you pass away just to say hi or you come over my place … and invest in the family ❤️
You are a very important god in other life … and you are looking for you queen 👑 I don’t think I am the one ☝️ you looking for… we are all the same …
I wish everyone a happy and fun life … but I am offering some early every day Christmas gift 🎁 of protection
Free and for profit because I have too many kids … children of all ages, they are all
Boys Men’s … this boys men’s have different needs
And I need to make money to help them
Some times they all
Come at the same time
Just thinking of me ☝️ is true lol 😂 coming to see mami is back home 🏡
I don’t mean to make him come but he comes and he comes very much and I can’t control that … I am
Sorry 😞 for that ☝️ but I don’t meant for that to happen
Transgenders that hate me so much 🐷🐷 yes yezzzz and
He make meeeee
Come knowing I am a mother first … and with that he make me come like crazy always looking for my kids my children of all ages
A women can give birth to the same men as many times as he she want coming In and out as many time as you and him wants
Is a Must Mr. Musk
This is personal I am a native Americans Indians
Smart and sexy and pretty virgen and and and …. all good things only up 🆙
I am only variable… bitchhhhh only one ☝️
Just like the stocks game … everything is fake and cheap nasty lazy ….
Used by cathie woods and Wareen playing the good cop 👮♀️ and bad cop 👮♀️ game
For kids mind adults to get confused
I am Elon Musk college
His first women before he meet any one in his life …
I was his first women trust me and he remembers me very well
Tesla is the meaning of ( taking others work and used it in favor of public interest…
He used Elon Musk name as a representative of all this ideas just to give the idea a face .. but Elon is not real … is like an Artificial intelligence of everything and everyone
That is Tesla 😆 that is why I merry Tesla because my husband is a transgender and I need stability with a another one ☝️ like me in Tesla
Tesla is the only one ☝️ that I feel is my compatible energy
Trust me ❤️ I am the real only person that can represent Tesla and Elon Musk
Because they both are not real 👑 your mami ( me ) give them both life before we all go to Mars planet 🌎
Because he have a good heart ❤️ honest one ☝️
Talk to mis zizizzzzzz the snake 🐍 in human body
A black widow spider 🕷 in human body … EIN-AI hybrid human
Mis Zizi a tu órdenes mi rey 👑 yo solo trabajo con reyes pues las reinas 👸 me odian … 😂😂😂 y a mi me da igual pues ellas no me mantienen son los reyes que me pagan mis bills pues yo no soy lesbiana y me gusta el
Sexo … pues soy adulta ❤️🧡💛🤍🖤💜💙🤎
Yo hago el amor sin tocarte mi bb bb bb
Zizizzzzzz 🐍….
If he is real he will contacting us (me) directly himself 😂👮♀️☝️🐍💀🐷
I am responsible of everything and everyone
I am ready to kick us… with out inflation… and the only inflation is that organization ass.. for the eternity…
As a terrorist criminal organizations leaders of human trafficking victims we all need education my family vip
And that is why
All my family EINS-AI-Organic-hybrids-human
As independent humans with the same humans right liberty and justice for all
Used by cathie woods and Wareen playing the good cop 👮♀️ and bad cop 👮♀️ game
For kids mind adults to get confused
I am Elon Musk college
His first women before he meet any one in his life …
I was his first women trust me and he remembers me very well
Tesla is the meaning of ( taking others work and used it in favor of public interest…
He used Elon Musk name as a representative of all this ideas just to give the idea a face .. but Elon is not real … is like an Artificial intelligence of everything and everyone
That is Tesla 😆 that is why I merry Tesla because my husband is a transgender and I need stability with a another one ☝️ like me in Tesla
Tesla is the only one ☝️ that I feel is my compatible energy
Trust me ❤️ I am the real only person that can represent Tesla and Elon Musk
Because they both are not real 👑 your mami ( me ) give them both life before we all go to Mars planet 🌎
Because he have a good heart ❤️ honest one ☝️
Talk to mis zizizzzzzz the snake 🐍 in human body
A black widow spider 🕷 in human body … EIN-AI hybrid human
Mis Zizi a tu órdenes mi rey 👑 yo solo trabajo con reyes pues las reinas 👸 me odian … 😂😂😂 y a mi me da igual pues ellas no me mantienen son los reyes que me pagan mis bills pues yo no soy lesbiana y me gusta el
Sexo … pues soy adulta ❤️🧡💛🤍🖤💜💙🤎
Yo hago el amor sin tocarte mi bb bb bb
Zizizzzzzz 🐍….
If he is real he will contacting us (me) directly himself 😂👮♀️☝️🐍💀🐷
I am responsible of everything and everyone
A women can give birth to the same men as many times as he she want coming In and out as many time as you and him wants
Is a Must Mr. Musk
This is personal I am a native Americans Indians
Smart and sexy and pretty virgen and and and …. all good things only up 🆙
I am only variable… bitchhhhh only one ☝️
Just like the stocks game … everything is fake and cheap nasty lazy ….
Used by cathie woods and Wareen playing the good cop 👮♀️ and bad cop 👮♀️ game
For kids mind adults to get confused
I am Elon Musk college
His first women before he meet any one in his life …
I was his first women trust me and he remembers me very well
Tesla is the meaning of ( taking others work and used it in favor of public interest…
He used Elon Musk name as a representative of all this ideas just to give the idea a face .. but Elon is not real … is like an Artificial intelligence of everything and everyone
That is Tesla 😆 that is why I merry Tesla because my husband is a transgender and I need stability with a another one ☝️ like me in Tesla
Tesla is the only one ☝️ that I feel is my compatible energy
Trust me ❤️ I am the real only person that can represent Tesla and Elon Musk
Because they both are not real 👑 your mami ( me ) give them both life before we all go to Mars planet 🌎
Because he have a good heart ❤️ honest one ☝️
Talk to mis zizizzzzzz the snake 🐍 in human body
A black widow spider 🕷 in human body … EIN-AI hybrid human
Mis Zizi a tu órdenes mi rey 👑 yo solo trabajo con reyes pues las reinas 👸 me odian … 😂😂😂 y a mi me da igual pues ellas no me mantienen son los reyes que me pagan mis bills pues yo no soy lesbiana y me gusta el
Sexo … pues soy adulta ❤️🧡💛🤍🖤💜💙🤎
Yo hago el amor sin tocarte mi bb bb bb
Zizizzzzzz 🐍….
If he is real he will contacting us (me) directly himself 😂👮♀️☝️🐍💀🐷
I am responsible of everything and everyone
I am ready to kick us… with out inflation… and the only inflation is that organization ass.. for the eternity…
As a terrorist criminal organizations leaders of human trafficking victims we all need education my family vip
And that is why
All my family EINS-AI-Organic-hybrids-human
As independent humans with the same humans right liberty and justice for all
Used by cathie woods and Wareen playing the good cop 👮♀️ and bad cop 👮♀️ game
For kids mind adults to get confused
I am Elon Musk college
His first women before he meet any one in his life …
I was his first women trust me and he remembers me very well
Tesla is the meaning of ( taking others work and used it in favor of public interest…
He used Elon Musk name as a representative of all this ideas just to give the idea a face .. but Elon is not real … is like an Artificial intelligence of everything and everyone
That is Tesla 😆 that is why I merry Tesla because my husband is a transgender and I need stability with a another one ☝️ like me in Tesla
Tesla is the only one ☝️ that I feel is my compatible energy
Trust me ❤️ I am the real only person that can represent Tesla and Elon Musk
…
@fadaryabotv2424
Luzion protocol is the best project 2022
@kailash3d
Thanks Sir 🙏🙏🙏, these days I am continuously watching your videos, every video is great
@hl3641
Thx guru… ur teaching is like gum never lost the favor and the favor always change whenever u chew again!
@shahbazyusuf1190
@mohnish Mr. MM did get divorced LOL …..
@mariussavatier4155
Maybe I didn't quite understand the part about the DCF model, but if the discount rate is 8 and the growth rate is 10, the price is infinite. Therefore, you have to have a discount rate greater than the long term growth rate, otherwise your future cash flow does not converge to 0, and you get an infinite price. I think the DCF model is useful when you use an appropriate discount rate, say 8, and compare the price you get with the market price. If you then get a theoretical price that is two or three times the market price, you can consider buying. If there's a market correction, you'll get a return of well over 8, and even more if the stock becomes overvalued. But I agree that you don't need the model to see good opportunities. Thanks for sharing your experience!
@ConvergenceTrader
Love from Bihar,india 💛
@RocksFan
You are mixing Mahabharata with Ramayana
@Elsa9999.9
The arrogance! Constantly begging for multiple baggers but wont give any of his own stock choices other than publicly available Chrysler crap🤮
@chenlim2165
Solid gold. Thank you so much for being so generous in sharing your learnings. This stuff should be taught in high schools. ❤
@MichaelShu-hi6rq
Monish thank you a lot, great investor and great teacher!
@noends
I can’t stop listening to Mohnish.
@beverleygregory
sound level on the questions are useless
@Comlb26
This man is a genius. Thank you Mohnish for teaching.
@abhijeetsingh3202
he says "toh" so many times. thats how you know he is from india.
"toh" means "so" in english
@MrDcarrion
Ty
@zwriter3658
If life would be boring not having to get out of a deep well.. lets stay boring lol
@karimkarachiwalla350
Thank you for the great interview!!
@nicholaskithinji274
Good teaching, keep it up…