Warren Buffett – Educational videos

The following is a collection of videos of Warren Buffett. There are few videos of him that I watched and listened to for the entire year repeatedly everyday when I was learning value investing. I hope it will helps you as well.

P/S: if you find a new video of his, I’d appreciate you to leave the link in the comment

HBO documentary of Warren Buffett in 2017 (#mustwatch):

Warren Buffett shared great lessons for small businesses and entrepreneurs :

Warren Buffett at University of Nebraska 2003:

Warren Buffett speaks to University of Georgia students in 2001:

Warren Buffett on how to stay out of debt (#mustwatch)

Warren Buffett & Bill Gates talk to students

Warren Buffett in India (#mustwatch)

Berkshire Hathaway Annual Meeting playlist

Enter your email to subscribe to notifications from this site

Join 11,546 other followers

Other popular articles:

  1. How to get your dream job with no experience – Lessons from Bill McDermott
  2. Leaders are readers
  3. This simple skill is worth millions, helped many become millionaires, billionaires
  4. Life lessons from a Uber driver who was laid off
  5. How to guard yourself against negative influences
  6. 20 minutes that can change your life
  7. A SPECIAL GIFT FOR YOU – WHY SHOULD I HIRE A COACH?
  8. Making 6 figures? How to avoid being one of 69% of Americans who have less than $1000 in the bank.
  9. Making 6 figures #2? How to avoid being one of 29% of American households with no retirement savings

About the author: Hoan Do is a certified leadership coach. Hoan have led multiple teams at Symantec Inc. across the globe delivering world-class solutions to protect consumers and businesses. Hoan is an expert in building highly performing teams. He believes that the best leader is the leader that could grow his followers to be leaders. Hoan has been organizing mastermind groups to share with other leaders about transformational leadership and coaching. He has trained many leaders via mastermind groups, workshops, and one-on-one coaching.

A few words about intrinsic value

Intrinsic Value of a stock

A stock is worth only what you can get out of it. In other words, a stock is the present value of all its future dividends. 

P = sum of (dn * (1+r)^n)     r = interest rate, dn = dividend in year n

Even if a company retains earnings, it must pay dividends later or all money is lost. 

“A cow for her milk

A hen for her eggs

and a stock, by heck, 

For her dividends.

An orchard for its fruit

Bees for their honey,

And stocks, besides,

For their dividends.“

The investment value of a stock is the present worth of its net dividends to perpetuity. 

For stock with constant dividends, P = d/r

PE = d/(r*e)  e=earning per share

or PE = total dividend on common / (r * total earnings on common)

15 must-have skills to land a job

Be aware of the skills most employers are looking for regardless of the position you are seeking.
Those include:
  1. Being punctual. Arrive on-time, preferably early, and stay till the quitting time, better live late.
  2. Being dependable.
  3. Having a good attitude.
  4. Having drive, energy, and enthusiasm.
  5. Wanting more than a paycheck.
  6. Being self-disciplined, well-organized, highly motivated, and good at managing time.
  7. Handling people well.
  8. Using language efficiently.
  9. Being committed to teamwork.
  10. Being trainable and loving to learn.
  11. Being project-oriented and result-oriented.
  12. Being good at problem-solving.
  13. Having integrity.
  14. Being loyal to the organization.
  15. Being able to identify market trends and opportunities.

 

Enter your email to subscribe to notifications from this site

Join 11,546 other followers

Other popular articles:

  1. How to get your dream job with no experience – Lessons from Bill McDermott
  2. Leaders are readers
  3. This simple skill is worth millions, helped many become millionaires, billionaires
  4. Life lessons from a Uber driver who was laid off
  5. How to guard yourself against negative influences
  6. 20 minutes that can change your life
  7. A SPECIAL GIFT FOR YOU – WHY SHOULD I HIRE A COACH?
  8. Making 6 figures? How to avoid being one of 69% of Americans who have less than $1000 in the bank.
  9. Making 6 figures #2? How to avoid being one of 29% of American households with no retirement savings

About the author: Hoan Do is a certified leadership coach. Hoan have led multiple teams at Symantec Inc. across the globe delivering world-class solutions to protect consumers and businesses. Hoan is an expert in building highly performing teams. He believes that the best leader is the leader that could grow his followers to be leaders. Hoan has been organizing mastermind groups to share with other leaders about transformational leadership and coaching. He has trained many leaders via mastermind groups, workshops, and one-on-one coaching.

If you are curious about the above method and how you can apply it to your life successfully, open your email and send me an inquiry at coach@hoanmdo.com

Brilliant response to those who say “stay-at-home moms and housewives don’t work “

I saw a post from a friend on Facebook saying that a post from a tattoo artist Ryshell Castleberry has been shared more than 400,000 times. Ryshell shared an imaginative conversation between a husband and a psychologist. The more the husband responded to the psychologist, the more he revealed how much work his say-at-home wife does.

The only thing I’d add to Rushell’s post is that stay-at-home mothers are real leaders and. exercise leadership effectively. My friend wrote a book called “Fatherhood is leadership. There should be a book called “motherhood is leadership”.

I am sharing the conversation below as it’s very powerful. Thanks Ryshell for the great post.

Please share it with all the stay-at-home moms, and anyone really, and especially guys who ever have a thought that stay-at-home moms don’t work.

Conversation between a husband (H) and a psychologist (P):

P: what do you do for a living Mr. Rogers?

H: I work as an accountant in a bank.

P: Your wife?

H: She doesn’t work. She’s a housewife.

P: Who makes breakfast for your family?

H: My wife, because she doesn’t work

P: What time does your wife wake?

H: She wakes up early because it has to be organized. She organizes the lunch for the children, ensures that they are well-dressed and combed, if they had breakfast, if they brush their teeth and take all their school supplies. She wakes with the baby and changes diapers and clothes. Breastfeeds and makes snacks as well.

P: How do your children get to school?

H: My wife takes them to school, because she doesn’t work.

P: After taking their children to school, what does she do?

H: Usually takes a while to figure something out that she can do while she is out, so she doesn’t have to pack and unpack the carseat too many times, like drop off bills or to make a stop at the supermarket. Sometimes she forgets something and has to make the trip all over again, baby in tow. Once back home, she has to feed the baby lunch and breastfeed again, get the baby’s diaper changed and ready for a nap, sort the kitchen and then will take care of laundry and cleaning of the house. You know, because she doesn’t work.

P: In the evening, after returning home from the office, what are you doing?

H: Rest, of course. Well, I’m tired after working all day in the bank.

P: What does your wife do at night?

H: She makes dinner, serves my children and I, washes the dishes, orders once more the house, makes sure the dog is put away as well as any left over dinner. After helping children with HW she gets them prepared to sleep in pajamas and the baby is in fresh diapers, gives warm milk, verifies they brush their teeth. Once in bed she wakes frequently to continue to breastfeed and possibly change a diaper if needed while we rest. Because she doesn’t have to get up for work.

 

 

-This is the daily routine of many women all over the world, it starts in the morning and continues until the wee hours of the night… This is called “doesn’t work”?!

Being a housewife has no diplomas, but has a key role in family life!

Enjoy and appreciate your wife, mother, grandma, aunt, sister, daughter… Because their sacrifice is priceless.

Somebody asked her…“You are a woman who works or is it just “housewife”??”

She replied:

I work as a wife of the home, 24 hours a day..
I am a mother,
I am a woman,
I am a daughter,
I’m the alarm clock,
I’m the cook,
I’m the maid,
I am the master,
I’m the bartender,
I’m the babysitter,
I’m a nurse,
I am a manual worker,
I’m a security officer,
I’m the adviser,
I am the comforter,
I don’t have a vacation,
I don’t have a licence for disease.
I don’t have a day off I work day and night,
I’m on duty all the time,
I do not receive salary and…

Even so, I often hear the phrase: “but what do you do all day?” Dedicated to all the women who give their lives for the welfare of their families

The woman is like salt: Her presence is not remembered, but its absence makes everything left without flavor.

Share with all the beautiful ladies of your life.

 

How to become the best and most successful investor by the billionaire value investor Charlie Munger

Charlie Munger and Li Lu interviewing with Weekly in Stock August 2018
Charlie Munger is 95 year old.
Long-term value investing instead of gambling
Philosophy: Find a good investment and stay with it for a long time.
The saying in Chinese: it takes 10 years to sharpen one’s sword.
If you invest the way people gamble in casinos, you are not going to do very well. It’s the long term investment that works best.
If you like the actions of investing (sometimes winning, sometimes losing) just like the actions when they gamble in a casino, they are not suited to be value investors.
It’s the long-term investors who figure out something’s going to work over the long term and and buy that.
Ben Graham said that in a short run, the market is a voting/gambling machine, in the long run, the market is the weighing machine.
How Charlie invests:
A lot of people believe that there’s truth in the market and that the market is going to tell you something just by bouncing around. It’s not the way Charlie or Berkshire invest the money.
Charlie and Warren have a view to what the intrinsic value is and what is being traded. They only buy it when they think the stock is worth more than what they are paying.
They are trying to make a long term investment by waiting for something to be underpriced and then buying.
They don’t care nor pay any attention to those gamblers on the market.
Speculating or gambling is a foolish way if you want to get rich.
Li Lu: the truth that Charlie mentioned above is the value of the company itself.
For those who care about price fluctuations and making relevant investments based on such fluctuations are very foolish.
How many companies to invest in?
Over the last 50 years, Hong Kong’s successful investors are not short-term traders and gamblers, they are long-term investors who sought out good long-term investments and stubbornly held for long periods of time.
Charlie bought Berkshire at $16 a share. It’s not selling for $300,000 a share. It takes 50 years and it’s a very good investment. Charlie just sat there for over 50 years.
Li Lu and Charlie have been investing together in China for over 13 years. They bought many companies and sold very few.
Charlie doesn’t have many bad investments.
Charlie has 3 stocks: Berkshire, Li Lu’s partnership, and Costco.
How books does Charlie read?
He skims or reads 20 books per week.
He reads a lot of biography, almost no fiction.
Why Berkshire invested in Apple?
Warren said he could understand consumer electronics better than computer. And they only found few opportunities in American market which exist in consumer electronics and computer. They decided to invest in Apple.
Another thing is that Charlie and Warren keeps learning. As they keep learning and as conditions change, their investment changes.
Warren and Charlie hated airline investments for many years. As the condition changed, they found that airlines were selling very cheap and bought as many as they could.
Charlie: We changed because the world changed.
   If reality changes, we will change as well.
Warren and Charlie hated railroad stocks for decades. However, as it got down to only four big railroads, technology changed, they bought railroad stocks and then bought the whole railroad.
They changed their mind because the fact changed.
Li Lu: we are not going to make a large and complete predictions about general market or an industry. That’s not our investment style. That’s not going to do anything for real investment returns. Instead they often play a negative role. It puts you in a pre-conceived state. Therefore, keep your foot on the ground. Analyze each company on specific basis.
How to live your life?
Live one day at a time and do the best you can every day and pretty soon you have a good life.
If you want to be a good person, you want to get one more day being a better person. You do for enough days and pretty soon you become a better person.
Why do masters of value investment enjoy longevity?
If you analyze who live long life, they are: professors, judge, and value investors
Who live short life: journalists, hard drinkers, hard smokers. When you are under a lot of stress, you die young. Traders are the worst of all. Short-term stock traders die the quickest.
The judge just sits there. Court rules go his pace not somebody else’s. There’s nobody over him telling him to do something. Judge lives forever.
How often do you talk to Buffett and what do you discuss?
Buffett and Charlie used to talk a lot.
Berkshire has 30 people at its headquarter. Berkshire added $65 billion dollars to its net worth in 2017 and 0 head count was added.
Why rationality is important?
Rationality is seeing the world the way it is, instead of the way you hope it is.
When you don’t see the world the way it is, it’s like judging something through distorted lens. You think the world is one way and it’s different. That leads to terrible mistakes.
So most people are irrational.
How can we be rational?
You’ve got to work at it and care about it.
If you don’t care whether you are rational or not, you don’t work on it. Then just stay as irrational as you want all your life and take the lousy results you surely get.
You have a moral duty to be as rational as you can.
Human nature in a big bureaucracy makes bad decisions. If you don’t know that, you will give more respect to those decisions than they deserve. So it helps to understand where the human nature is automatically causing bad results, so that you can avoid them.
The reality is that if you deal with a big dumb bureaucracy, it’s very difficult and unpleasant. The sooner you learn that and how to handle that, the better off you are.
The main idea is to understand the world the way it is, instead of the way you hope it is.
This is important than doing researches over the company’s fundamentals.
Rationality is more important than knowledge intelligence and patience.
People will recognize value in time
Crazy traders may do crazy things on the short term basis but over time value will tend to win.
It’s natural for the stock to eventually go to its value.
Ben Graham: in a short-term, the stock market is a gambling machine, in the long term, it is the weighing machine.
In the long-term, the market will figure out what’s really worth.
So the most important thing in the market is time. When there’s enough time, more and more people will see the value. Especially when the value itself is increasing more and more.
This is quite natural. There’s nothing magical about it.
Why buying a great company is better than buying a cigarbutt?
A great company keeps working when you are not. A great company will eventually earn more and more and more while you just sit there and do nothing.
A mediocre company won’t do that.  These mediocre companies will cause a lot of agonies and very modest profit. When it goes up a little, you have to sell it and then find another until it works. That’s a lot of work.
Instead, you can just buy one great company at the right price. You can just sit there and do nothing and wait.
A great company will constantly create new value. The value itself grows by accumulating returns.

Enter your email to subscribe to notifications from this site

Join 11,546 other followers

Other popular articles:

  1. How to get your dream job with no experience – Lessons from Bill McDermott
  2. Leaders are readers
  3. This simple skill is worth millions, helped many become millionaires, billionaires
  4. Life lessons from a Uber driver who was laid off
  5. How to guard yourself against negative influences
  6. 20 minutes that can change your life
  7. A SPECIAL GIFT FOR YOU – WHY SHOULD I HIRE A COACH?
  8. Making 6 figures? How to avoid being one of 69% of Americans who have less than $1000 in the bank.
  9. Making 6 figures #2? How to avoid being one of 29% of American households with no retirement savings

About the author: Hoan Do is a certified leadership coach. Hoan have led multiple teams at Symantec Inc. across the globe delivering world-class solutions to protect consumers and businesses. Hoan is an expert in building highly performing teams. He believes that the best leader is the leader that could grow his followers to be leaders. Hoan has been organizing mastermind groups to share with other leaders about transformational leadership and coaching. He has trained many leaders via mastermind groups, workshops, and one-on-one coaching.

If you are curious about the above method and how you can apply it to your life successfully, open your email and send me an inquiry at coach@hoanmdo.com