Mohnish Pabrai – Why Cloning is the Ultimate Investing Strategy

Johnny HopkinsCloning, Investing Strategy, Mohnish PabraiLeave a Comment

In a world obsessed with originality, there’s a widely misunderstood yet powerful tool that many overlook: cloning. While innovation is celebrated, cloning—replicating a successful model and executing it well—has built some of the greatest businesses in history. Yet, for some reason, many people resist it. As Mohnish Pabrai put it … Read More

Invest Like Howard Marks: Don’t Chase Investments

Johnny HopkinsInvesting StrategyLeave a Comment

In his book – The Most Important Thing, Howard Marks discusses the importance of patience and opportunism in investing. Instead of chasing investments, he advises waiting for bargains to come to you, as motivated sellers often offer better deals. At Oaktree, their strategy is reactive—they avoid initiating transactions and prefer … Read More

Warren Buffett: The Price Of A Stock Doesn’t Tell Me Anything About A Business

Johnny HopkinsInvesting Strategy, Warren BuffettLeave a Comment

In this television interview, Warren Buffett explained that most professional investors focus on short-term stock price movements rather than viewing stocks as ownership in a business. True value investing means not being concerned about whether the stock market is open tomorrow. A good investment should hold its worth even if … Read More

Warren Buffett: When Economic Downpours Rain Gold: Be Ready with a Washtub

Johnny HopkinsInvesting Strategy, Warren BuffettLeave a Comment

In his 2016 Berkshire Hathaway Annual Letter, Warren Buffett discusses Berkshire Hathaway’s commitment to long-term growth in earning power per share, acknowledging that actual earnings may occasionally decline due to economic downturns or industry-specific events. Berkshire retains all earnings, reinvesting significantly more than competitors, to achieve sustainable growth. While gains … Read More

Warren Buffett: Just One Company Can Deliver Unmatched Wealth

Johnny HopkinsInvesting StrategyLeave a Comment

In his 2023 Berkshire Hathaway Annual Letter, Warren Buffett highlights Berkshire Hathaway’s strategy of acquiring businesses with strong, enduring economics and capable management. He emphasizes the challenge of predicting winners and the importance of rare companies that can reinvest capital at high returns. Buffett reflects on past acquisition opportunities and … Read More

Seth Klarman Protégé – David Abrams – Investors Need To Use A Multi-Path Approach To Business Valuation And Analysis

Johnny HopkinsDavid Abrams, Investing StrategyLeave a Comment

We’ve just been listening to a great interview with Seth Klarman’s protégé David Abrams on the Value Investing With Legends podcast in which Abrams discusses why investors need to use a multi-path approach to business valuation and analysis. Here’s an extract from the interview: David Abrams: The first question we … Read More