PODCAST: Philo interviewed by Security Analysis
And more content inside. Nasdaq down 1.3% intraday.
As I’m writing this, the Nasdaq 100 is down 1.4% and decisively piercing through its 30-day moving average.
I touched upon the massive rally in the Nasdaq and the setup for an AI-induced Reflexive Bubble last month — and analysed the setup technically on the second issue of Breakout last week.
I was interviewed by Value Stock Geek from Security Analysis a few weeks ago.
To listen to the podcast on Spotify click here.
Here is the Substack post which includes access to the podcast.
Click on the footnotes next to each sentence for more content on the matter..
What did we discuss?
Using George Soros's teachings as tools for an edge1
Developing macro themes and playing them
The future of the Euro and the EMU, politics etc2
Brexit and the future of the UK
Japan macro and the Dollar/Yen trade
Investing in Apple 11 years ago and what my thesis was
My transition from a value guy to a true value-oriented investor!
Investing in Quality Vs "Bad" Companies3
Market Efficiency and Passive vs Active Investing4
On investing psychology and discipline
A rant on passive investing
Big Tech/AI Hype and the Nasdaq Reflexive Bubble5
Passive investing as a foundation for extracting optionality
The pressure to OUTperform is a trap
Oracle/Cisco in 1999 and modern investing analogies6
Big Tech, the present and the future - too big for their own good7
Big Tech Vs the US Treasury8
Currency debasement as a massive risk9
The setup on Netflix and what I saw in it 10
Netflix Vs Legacy Media 11
Problems at Disney
Whats the price for $DIS?
The USA being in denial about the multipolar world 12
More content on the topics discussed
- George Soros - the basics.Subscribe for more for free content on great investors and investment philosophy essays 🦉
Philoinvestor
- Is the Euro here to stay?“There are decades where nothing happens; and there are weeks where decades happen.” – Vladimir Ilyich Lenin Much has been said about the viability of the Euro and the EMU. In this essay I will discuss the formation of the EMU, the dynamics that regulate its existence, important historica…Philoinvestor
- On Value Investing and where it's gone wrong.Value investing is a well regarded and highly adopted practice of investing, however, it can be misunderstood and wrongly applied. This is roughly what you need to do: Buy companies at a price that you consider to be undervalued (after research & analysis).Philoinvestor
- Shouldn't I just invest in the S&P?For the acquaintances who casually ask, “What are you investing in these days?” And when I tell them to do a few minutes of work on so and so names… Proceed to tell me that they will just invest in the S&P — this is what I have to say. I wrote all these piecesPhiloinvestor
- Is the Nasdaq in a Reflexive Bubble?Last week I wrote a small piece on the rush into A.I. — backed mainly from VC money. This was triggered by the launch of Chat GPT near the end of 2022, and by the effect the launch had on A.I-related share price valuations. The A.I. rush had begun then and there.Philoinvestor
- Philoinvestor: an autointerviewIn an autobiography, one writes his own biography. Here I will interview myself as an investor in order to express my views and share my mindset. I will start with general questions and move to more particular ones as the interview progresses.Philoinvestor
- Downside at Apple. (I wouldn't touch this here)“I think the iPhone is the best consumer product ever. That's what I feel about it. And it's become so integrated and integral to our lives, you wouldn't think about leaving home without it.” — Tim Cook Philoinvestors know that Apple is one of my favourite companies, I first bought it in Decembe…Philoinvestor
- Why are stocks not dropping?Last on Philoinvestor Why I don't like Transocean. Link. Downside at MRNA. Link. When ARKK unwind. Link. Apple's Microsoft moment. Link.Philoinvestor
- On Currency (Debasement) Risk.“Gold is money, everything else is credit.” -J.P. Morgan For the purposes of this essay, currency risk does not refer to the profit & loss implications resulting from currency price changes, but rather the risk that real returns from an investment are materially lower than its nominal returns.Philoinvestor
- NETFLIX: Content is King but distribution is God.Netflix was founded by Reed Hastings (“Reed”) and Marc Randolph in 1998. They started as a DVD-by-Mail service, later pivoting to a subscription model. By 2000 Netflix was suffering losses forcing the founders to sell. They chased the CEO of Blockbuster, the biggest video rental chain at the time, for a meeting.Philoinvestor
- This is a Netflix World etc.Last year’s piece on Netflix and the way forward: The 2023 three-part series on the media thematic:Philoinvestor
- Peak American Empire“Gold is money, everything else is credit.” - J.P. Morgan The world has been dominated by the dollar for more than a century. The dominance of the US and its allies put the USA in the forefront of economic growth and development. No country existed to rival that dominant position.Philoinvestor
- Short EssaysAfter publishing my 20+ education & mindset pieces, I started publishing short essays in late 2022. These essays are 200-400 words long and I use them to express and revise my views on themes and concepts that I am thinking about at the time. I launched the series in November 2022 withPhiloinvestor
- Education & MindsetThe idea for Philoinvestor started from the investment philosophy and mindset pieces that I started writing in early 2020 during the Covid lockdowns. The lack of quality investment education was what pushed me to first start writing and subsequently launch Philoinvestor in late 2021.
