Value Investing Fundamentals & Current Market Conditions w/ John Huber (TIP634)

Clay is joined by John Huber to discuss value investing fundamentals and the current market conditions.

John Huber is the Managing Partner of Saber Capital Management, LLC. Saber manages separate accounts as well as a partnership modeled after the original Buffett Partnership fee structure.

IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:00:39 - John’s MBA Program
00:04:08 - Buffett Quote
00:09:00 - Sources of Stock Returns
00:15:24 - Is Costco a bubble?
00:22:18 - 3 types of investments
00:27:16 - Apple Investment
00:35:40 - Current market conditions
00:42:16 - Identifying quality
00:46:33 - Investing internationally
00:49:20 - Concentration
00:54:18 - Mistakes
00:57:58 - Big tech
01:02:39 - Investment memo

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ABOUT OUR SHOW 🎙 
On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market.

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❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.

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[michaelsimpson]

Total agreement on Costco
Love the stock
Love the company
Hate the P/E ratio

[brianbirnbaum]

Fantastic Interview. At around 35 minutes, he hits the nail right on the head about the biggest opportunity for retail investors these days. The short termism is so easily leveraged these days if you just have the patience and the bare minimum foresight.

[QuantCompounding]

The Three Engines is a tremendous framework. Thanks for the pod

[ajits]

Great interview and lots of useful information shared. Thank you.

[fplbrunoo]

First 10 seconds is literally how I see it.
Price = p/e x EPS

Price= P/e x Earnings / Total no of shares outstanding

Can split Earnings further to Earnings = Revenue x Net Margin

This helps identify the drivers of returns, be it margin increasing, revenue growth, multiple expansion or buybacks

[timlangford]

Great interview - inspired me to revisit historic PE ratios on some companies.

[ChristianSoschner]

Great points. I’d add a growing Cashflow from operations which results in a better cash position, short term assets or reinvesting in long term growth.

[akifali]

Does anyone know which fund manager Clay was referring to regarding detailed stock-thesis memorandums?

[neelaykamath]

Hi Clay, thanks for the amazing podcast... you mentioned at the end that there is one investor who shares his investment thesis in depth, could you please mention the name of the investor or the website where we can access those? Thank you in advance.

[Spectrum_Aerospacejet_Lab]

Buy at E/S>1 $/share, average volume>200k. shares, P/E lowest of the month.

[brianbirnbaum]

He definitely doesn’t understand the fact that Mag 7 are doing a lot more than just building data centers. Also the vast majority of that CapEx is GPUd and they are all working to build their own in house chips to wean off Nvidia.

[mrmo]

That metaphor base hit investing makes absolutely no sense. What is line drive supposed to mean and how does it relate to investing. Using weird metaphors like that just confuses people and leads to less understanding.

[easterntechartists]

This guy is Insane if he thinks Canada and western Europe markets are same as USA !