VALUE: After Hours (S07 E23): Zeke Ashton on Buffett, the Post-Value Era, UnitedHealth $UNH and his Four Decision Factors

Johnny HopkinsValue Investing PodcastLeave a Comment

In their latest episode of the VALUE: After Hours Podcast, Tobias Carlisle, Jake Taylor, and Zeke Ashton discuss: The Post-Value Era and Buffett’s Legacy The Four Controllables in Investing Selling, Round-Trips, and Behavioral Tactics Margin of Safety vs Momentum Narratives, Flows, and Broken Markets Mispriced Small-Caps and Market Structure Patience, Repricing, and … Read More

Cliff Asness: Why Most Investors Get Expected Returns Wrong

Johnny HopkinsCliff AsnessLeave a Comment

If you’ve ever scratched your head wondering why your return expectations don’t quite match reality—or even expert forecasts—you’re not alone. Cliff Asness, co-founder of AQR, just spotlighted a new series by his colleague Antti Ilmanen called Understanding Return Expectations, and it’s full of lessons investors can’t afford to ignore. The … Read More

Mohnish Pabrai: Never Sell A Great Business Because It Looks Expensive

Johnny HopkinsMohnish Pabrai, Never Sell1 Comment

In a recent interview with Capital Compounders, investor Mohnish Pabrai shares hard-earned wisdom about recognizing and holding onto great businesses—especially compounders. He emphasizes that true understanding of a company often comes after buying it: “You really only truly understand a business after you own it.” While some businesses like Google … Read More

Howard Marks: How to Take the Market’s Temperature

Johnny HopkinsInvestor PsychologyLeave a Comment

In his memo titled – Taking The Temperature, Howard Marks discusses the importance of “taking the temperature of the market” by observing patterns and cycles driven by investor psychology. Study market history to recognize that extreme optimism or pessimism often leads to corrections. Cycles stem from excesses, where strong movements are … Read More

Charlie Munger: Great Investors Remain Rational, Objective, and Dispassionate

Johnny HopkinsCharles Munger, Investing PsychologyLeave a Comment

Here’s some great Charlie Munger quotes from the book Charlie Munger: The Complete Investor, by Tren Griffin. Munger is highlighting the importance of investors remaining rational, objective, and dispassionate: Rationality is not just something you do so that you can make more money; it’s a binding principle. Rationality is a … Read More