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2025 tested investors like never before, sharp volatility, global uncertainty, tariff tensions, and relentless FII outflows. So what should investors really expect from 2026? In this in-depth conversation, Ashish Nanda, Chief Digital Business Officer at Kotak Securities, sits down with Sunil Singhania, Founder of Abakkus Asset Manager Private Limited... show more

Kotak Securities Ltd

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20,641 просмотров • 8 месяцев назад •via X (Twitter)

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We’re coming to the end of 2025. If you’ve made gains or taken profit from digital assets this year, you’re probably wondering: “How do I handle my taxes for 2026?” You’re not alone. So we brought together Tan Tien Yee from PwC Malaysia and Hann Liew (Hann Liew, CFP, CFA) from Halogen Capital to break it down clearly and practically in a webinar earlier this week. Here’s what we covered 👇 - What counts as taxable when it comes to digital assets - Key updates from Budget 2026 - for individuals and corporations - How to prepare your tax strategy before 2026 arrives Whether you trade actively, hold long-term, or you’re just exploring digital assets, this session will help you get organised and avoid surprises next year.

We’re coming to the end of 2025. If you’ve made gains or taken profit from digital assets this year, you’re probably wondering: “How do I handle my taxes for 2026?” You’re not alone. So we brought together Tan Tien Yee from PwC Malaysia and Hann Liew (Hann Liew, CFP, CFA) from Halogen Capital to break it down clearly and practically in a webinar earlier this week. Here’s what we covered 👇 - What counts as taxable when it comes to digital assets - Key updates from Budget 2026 - for individuals and corporations - How to prepare your tax strategy before 2026 arrives Whether you trade actively, hold long-term, or you’re just exploring digital assets, this session will help you get organised and avoid surprises next year.

Halogen Capital

62,219 просмотров • 9 месяцев назад

#India mkt stalling in 2025: Markets should definitely take corrections when overdue. Else it hurts long term investors. 2020 to 2024 saw mid and small caps returns of 28% annually. At this pace, all businesses would quit & simply invest in markets. A correction was overdue. Instead, we witnessed a gradual stalling of markets as domestic flows kept it hanging. It’s not the best outcome. 18 months & counting. Better strategy for long term investors is to love the intermittent corrections as they come. You’ll accumulate stocks cheaper for the long term. You know this. Yet short term stall or correction makes you nervous. Markets could stall for another year & you should still love it. Short term spikes are detrimental for your SIP portfolio. Don’t cheer for markets everyday. Cheer for corrections. If you really want long term wealth. My discussion on CNBC-AWAAZ

#India mkt stalling in 2025: Markets should definitely take corrections when overdue. Else it hurts long term investors. 2020 to 2024 saw mid and small caps returns of 28% annually. At this pace, all businesses would quit & simply invest in markets. A correction was overdue. Instead, we witnessed a gradual stalling of markets as domestic flows kept it hanging. It’s not the best outcome. 18 months & counting. Better strategy for long term investors is to love the intermittent corrections as they come. You’ll accumulate stocks cheaper for the long term. You know this. Yet short term stall or correction makes you nervous. Markets could stall for another year & you should still love it. Short term spikes are detrimental for your SIP portfolio. Don’t cheer for markets everyday. Cheer for corrections. If you really want long term wealth. My discussion on CNBC-AWAAZ

Anurag Singh

31,480 просмотров • 7 месяцев назад

Infrastructure investing has entered a "golden age." From #AI data centers to energy pipelines and railroads, these essential assets are reshaping global capital markets. In this episode of The Bid #podcast, Balfe Morrison sits down with host Oscar Pulido to explore why infrastructure matters now, how mega forces are driving its growth, and what it means for investors. 🎧 Listen:

Infrastructure investing has entered a "golden age." From #AI data centers to energy pipelines and railroads, these essential assets are reshaping global capital markets. In this episode of The Bid #podcast, Balfe Morrison sits down with host Oscar Pulido to explore why infrastructure matters now, how mega forces are driving its growth, and what it means for investors. 🎧 Listen:

BlackRock

18,456 просмотров • 11 месяцев назад

Big moves in markets don’t begin with headlines- they begin with structural shifts! In this conversation, our Founder, Arvind Kothari, joins Kunal Shah from Upsurge to decode what’s really shaping the next phase of markets. ✅When the next bull run could begin and what signals we are tracking. ✅How we differentiate cyclical tailwinds from structural transformations. ✅The global push toward local manufacturing and India’s export opportunity. ✅Aviation, defence, and policy-led conviction investing. ✅AI hype cycle or durable backbone? ✅ Energy storage and where real value lies in BESS, and so much more. This isn’t noise. It’s framework. If you’re thinking about cycles, capital allocation, and long-term structural themes, this one is worth your time. 🎥 Watch the full conversation here : Arvind Kothari Upsurge.club Kunal Shah

Big moves in markets don’t begin with headlines- they begin with structural shifts! In this conversation, our Founder, Arvind Kothari, joins Kunal Shah from Upsurge to decode what’s really shaping the next phase of markets. ✅When the next bull run could begin and what signals we are tracking. ✅How we differentiate cyclical tailwinds from structural transformations. ✅The global push toward local manufacturing and India’s export opportunity. ✅Aviation, defence, and policy-led conviction investing. ✅AI hype cycle or durable backbone? ✅ Energy storage and where real value lies in BESS, and so much more. This isn’t noise. It’s framework. If you’re thinking about cycles, capital allocation, and long-term structural themes, this one is worth your time. 🎥 Watch the full conversation here : Arvind Kothari Upsurge.club Kunal Shah

Niveshaay

12,962 просмотров • 6 месяцев назад

Elizabeth Warren may have concerns about a potential SpaceX IPO, but my view is that investors should focus on the facts in the prospectus rather than the headlines. Today, the primary cash flow comes from Starlink, while much of the rest of the business is still a bet on the future. That’s exactly what investors need to evaluate for themselves. If you’re investing in SpaceX, you’re not just buying today’s earnings you’re buying into Elon Musk’s long term vision. Whether you agree with that valuation or not, the information is there for anyone willing to read it. And while I think Senator Warren is exceptionally skilled at turning complex issues into viral political moments, I don’t believe her criticism changes the underlying investment thesis or the enormous demand investors have for this company.

Elizabeth Warren may have concerns about a potential SpaceX IPO, but my view is that investors should focus on the facts in the prospectus rather than the headlines. Today, the primary cash flow comes from Starlink, while much of the rest of the business is still a bet on the future. That’s exactly what investors need to evaluate for themselves. If you’re investing in SpaceX, you’re not just buying today’s earnings you’re buying into Elon Musk’s long term vision. Whether you agree with that valuation or not, the information is there for anyone willing to read it. And while I think Senator Warren is exceptionally skilled at turning complex issues into viral political moments, I don’t believe her criticism changes the underlying investment thesis or the enormous demand investors have for this company.

Kevin O'Leary aka Mr. Wonderful

63,751 просмотров • 2 месяцев назад

In Parliament, I called for targeted relief for Retail investors, SIP holders, Small savers & Middle-class households affected by the stock-market shock. The ongoing war in West Asia has caused sharp erosion in Indian investor’s wealth. This is not our war, but our investors are paying its price. India did not create this crisis. India is not a party to this conflict. Yet Indian investors are paying the price. India’s fundamentals are strong, but what needs strengthening is the policy shield around the small investor. Because the cause is external. But the costs are domestic. Therefore I urged for a fair, targeted, pro-investor response to protect household wealth and restore confidence, like: •⁠ ⁠Targeted time bound relief for retail investors •⁠ ⁠Time bound STT relief only for retail, not F&O •⁠ ⁠Extend capital loss carry forward from 8 to 15 years •⁠ ⁠Allow limited tax-neutral switching for retail mutual fund investors during crisis •⁠ ⁠Strong public communication on India's macro stability and energy preparedness Watch my parliamentary intervention of the issue:

In Parliament, I called for targeted relief for Retail investors, SIP holders, Small savers & Middle-class households affected by the stock-market shock. The ongoing war in West Asia has caused sharp erosion in Indian investor’s wealth. This is not our war, but our investors are paying its price. India did not create this crisis. India is not a party to this conflict. Yet Indian investors are paying the price. India’s fundamentals are strong, but what needs strengthening is the policy shield around the small investor. Because the cause is external. But the costs are domestic. Therefore I urged for a fair, targeted, pro-investor response to protect household wealth and restore confidence, like: •⁠ ⁠Targeted time bound relief for retail investors •⁠ ⁠Time bound STT relief only for retail, not F&O •⁠ ⁠Extend capital loss carry forward from 8 to 15 years •⁠ ⁠Allow limited tax-neutral switching for retail mutual fund investors during crisis •⁠ ⁠Strong public communication on India's macro stability and energy preparedness Watch my parliamentary intervention of the issue:

Raghav Chadha

138,743 просмотров • 4 месяцев назад

Indian equities give zero returns half the time, and FDs quietly destroy your wealth through inflation. So, where should you actually invest? If you want to build wealth without losing sleep, chasing last year's top-performing asset is a losing game. In our latest podcast, Saurabh and Ishaan break down a smarter approach: the simple Multi-Asset Portfolio. By balancing Indian Equities, Global Equities, Gold, Debt, and Cash, this framework has historically delivered ~11.3% long-term returns with just one-fourth the volatility of the Nifty 50. It is the ultimate strategy to smooth out the bumps and stay invested for decades. Crush risk and safely compound your wealth with a free customized financial plan: Watch the full breakdown in the comments below!

Indian equities give zero returns half the time, and FDs quietly destroy your wealth through inflation. So, where should you actually invest? If you want to build wealth without losing sleep, chasing last year's top-performing asset is a losing game. In our latest podcast, Saurabh and Ishaan break down a smarter approach: the simple Multi-Asset Portfolio. By balancing Indian Equities, Global Equities, Gold, Debt, and Cash, this framework has historically delivered ~11.3% long-term returns with just one-fourth the volatility of the Nifty 50. It is the ultimate strategy to smooth out the bumps and stay invested for decades. Crush risk and safely compound your wealth with a free customized financial plan: Watch the full breakdown in the comments below!

Marcellus Investment Managers

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The Bounce is calling for fresh podcast content 🌚. We caught up with FK Abudu, co-host of the @isaidwhatisaidpod, at Moonshot last year. She shared why podcast creators should think beyond trends, explore broader ideas, and build conversations that stay relevant long term. If you’re starting a podcast or looking to grow an existing one, this episode of the Moonshot Podcast offers a practical perspective on thinking bigger with your content. Watch the full episode : #techcabal #moonshotbytechcabal #Moonshot2026 #themoonshotpodcast

The Bounce is calling for fresh podcast content 🌚. We caught up with FK Abudu, co-host of the @isaidwhatisaidpod, at Moonshot last year. She shared why podcast creators should think beyond trends, explore broader ideas, and build conversations that stay relevant long term. If you’re starting a podcast or looking to grow an existing one, this episode of the Moonshot Podcast offers a practical perspective on thinking bigger with your content. Watch the full episode : #techcabal #moonshotbytechcabal #Moonshot2026 #themoonshotpodcast

TechCabal

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$99% of junior mining companies never become mines. So how do you find the rare winners? On this episode of Little by Little, Andy Schectman sits down with Michael Gentile, one of the most respected investors in the junior mining sector, and Ryan Petrillo of The Apostles Fund to discuss: - Why mining has been starved of capital for a decade - Why gold supply can’t respond quickly to rising demand - The hidden cost of money printing - Why central banks hold gold while most investors don’t - How to think about wealth preservation in a changing monetary system “You’re still able to buy ounces in the ground at a fraction of the gold price,” says Michael Gentile. Watch the full conversation now:$

99% of junior mining companies never become mines. So how do you find the rare winners? On this episode of Little by Little, Andy Schectman sits down with Michael Gentile, one of the most respected investors in the junior mining sector, and Ryan Petrillo of The Apostles Fund to discuss: - Why mining has been starved of capital for a decade - Why gold supply can’t respond quickly to rising demand - The hidden cost of money printing - Why central banks hold gold while most investors don’t - How to think about wealth preservation in a changing monetary system “You’re still able to buy ounces in the ground at a fraction of the gold price,” says Michael Gentile. Watch the full conversation now:

Miles Franklin Precious Metals

18,656 просмотров • 2 месяцев назад

For years, digital asset innovation has moved faster than regulation, creating uncertainty for developers, merchants, and consumers alike. The CLARITY Act aims to change that. By defining the legal status of digital assets and outlining how they should be regulated, the Act offers something the industry has long needed: a real framework for responsible innovation. This kind of regulatory clarity does more than reduce risk. It sets the stage for broader adoption, stronger consumer protections, and faster progress in areas like real-time settlement and programmable payments. In our latest blog, we break down what the CLARITY Act means for digital assets, why it matters for merchants, and how it could shape the next era of payments:

For years, digital asset innovation has moved faster than regulation, creating uncertainty for developers, merchants, and consumers alike. The CLARITY Act aims to change that. By defining the legal status of digital assets and outlining how they should be regulated, the Act offers something the industry has long needed: a real framework for responsible innovation. This kind of regulatory clarity does more than reduce risk. It sets the stage for broader adoption, stronger consumer protections, and faster progress in areas like real-time settlement and programmable payments. In our latest blog, we break down what the CLARITY Act means for digital assets, why it matters for merchants, and how it could shape the next era of payments:

Flexa

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#WATCH | AAP MP Raghav Chadha says, "Yesterday in my Budget speech, I suggested the Finance Minister... that you should reduce the term capital gains on equities for individual investors to zero in India. What will this do? First, our speculative trading behaviour will shift towards long-term investment and wealth creation. The money currently invested in nonproductive assets such as gold and real estate will exit those markets and enter the Indian market. The market will become stronger, and there will be wealth creation for the middle class... A good message will be received in the market and especially the middle class of the country will get a lot of relief. They will get a great incentive for saving, investment and wealth creation."

#WATCH | AAP MP Raghav Chadha says, "Yesterday in my Budget speech, I suggested the Finance Minister... that you should reduce the term capital gains on equities for individual investors to zero in India. What will this do? First, our speculative trading behaviour will shift towards long-term investment and wealth creation. The money currently invested in nonproductive assets such as gold and real estate will exit those markets and enter the Indian market. The market will become stronger, and there will be wealth creation for the middle class... A good message will be received in the market and especially the middle class of the country will get a lot of relief. They will get a great incentive for saving, investment and wealth creation."

ANI

29,815 просмотров • 6 месяцев назад

Every investor is looking for a company worth backing. Every founder is looking for investors worth building with. FairClub brings them together. Introducing FairClub: where private capital forms. The internet changed how companies are built. Raising money still runs through spreadsheets, group chats, cold DMs and whoever happens to be in your phone. FairClub brings the whole raise into one place – from first introduction to final close. For founders, that means: • build a private Deal Room • find aligned investors who fit the round • see the warmest path in your network to reach them • track questions, follow-ups and registered interest • prepare the legal handoff and close using stablecoins For investors, it means one place to: • discover curated private deals screened for compliance and supported by industry leaders • meet and talk to the team • review the terms, documents and available diligence • register non-binding interest if they want to go further Every deal has its own access rules, eligibility requirements, minimums, availability and legal documents. FairClub is non-custodial, and every raise on the platform settles in stablecoins on Solana. Our goal is simple: Your network should open doors. It should not decide where opportunity ends. One more thing... Comment below and we’ll run an audit on your X account to reveal your Investor Social Score - what builds trust, what weakens your signal and how to improve it. Then we’ll publish your Investor Social Score in the replies. Watch the FairClub film below 👇

Every investor is looking for a company worth backing. Every founder is looking for investors worth building with. FairClub brings them together. Introducing FairClub: where private capital forms. The internet changed how companies are built. Raising money still runs through spreadsheets, group chats, cold DMs and whoever happens to be in your phone. FairClub brings the whole raise into one place – from first introduction to final close. For founders, that means: • build a private Deal Room • find aligned investors who fit the round • see the warmest path in your network to reach them • track questions, follow-ups and registered interest • prepare the legal handoff and close using stablecoins For investors, it means one place to: • discover curated private deals screened for compliance and supported by industry leaders • meet and talk to the team • review the terms, documents and available diligence • register non-binding interest if they want to go further Every deal has its own access rules, eligibility requirements, minimums, availability and legal documents. FairClub is non-custodial, and every raise on the platform settles in stablecoins on Solana. Our goal is simple: Your network should open doors. It should not decide where opportunity ends. One more thing... Comment below and we’ll run an audit on your X account to reveal your Investor Social Score - what builds trust, what weakens your signal and how to improve it. Then we’ll publish your Investor Social Score in the replies. Watch the FairClub film below 👇

FairClub

197,217 просмотров • 14 дней назад

Something big just happened at BlackRock, and it’s a warning shot to everyone invested in private credit. The world’s largest asset manager just told clients: No, you can’t withdraw all the money you asked for. And for some, it was: no, you can’t withdraw your money at all. Not because the fund collapsed, but because too many investors wanted out at once. BlackRock’s $26 billion HPS Corporate Lending Fund was hit with $1.2 billion in redemption requests this quarter. That’s about 9.3% of the entire fund. But the structure only allows 5% to leave at once. So BlackRock paid out $620 million… and pushed the rest to future quarters. For the first time since the fund launched, the redemption gate was triggered, meaning nearly half the investors who asked for their money back couldn’t get it right away. And it’s not just BlackRock. Blackstone just saw a surge of withdrawals in its $82 billion private credit fund. Requests were so high the firm had to lift its usual redemption cap to 7% and inject $400 million of its own money just to meet demand. These funds lend money to companies through private loans, loans that don’t trade on exchanges and can’t be sold quickly when markets get volatile. So when investors rush to withdraw at the same time, the cash simply isn’t there. That means if you’re invested in private credit and everyone heads for the exits, the money you were counting on in your time of need might suddenly be locked up. Morningstar analyst Greggory Warren warned it should serve as “a warning sign for the industry and the rulemakers about the downside of illiquid funds for retail investors.” But here’s the good news: you’re an informed reader and you can plan ahead while everyone sleepwalks until the liquidity crisis affects them directly. That means there is still time to prepare and make moves accordingly so that you always have access to capital. And one of the most liquid and reliable assets in any crisis is physical gold and silver. Bill Armour from joins us to discuss how our readers can prepare before the next liquidity crisis locks investors out of their own money. 🧵

Something big just happened at BlackRock, and it’s a warning shot to everyone invested in private credit. The world’s largest asset manager just told clients: No, you can’t withdraw all the money you asked for. And for some, it was: no, you can’t withdraw your money at all. Not because the fund collapsed, but because too many investors wanted out at once. BlackRock’s $26 billion HPS Corporate Lending Fund was hit with $1.2 billion in redemption requests this quarter. That’s about 9.3% of the entire fund. But the structure only allows 5% to leave at once. So BlackRock paid out $620 million… and pushed the rest to future quarters. For the first time since the fund launched, the redemption gate was triggered, meaning nearly half the investors who asked for their money back couldn’t get it right away. And it’s not just BlackRock. Blackstone just saw a surge of withdrawals in its $82 billion private credit fund. Requests were so high the firm had to lift its usual redemption cap to 7% and inject $400 million of its own money just to meet demand. These funds lend money to companies through private loans, loans that don’t trade on exchanges and can’t be sold quickly when markets get volatile. So when investors rush to withdraw at the same time, the cash simply isn’t there. That means if you’re invested in private credit and everyone heads for the exits, the money you were counting on in your time of need might suddenly be locked up. Morningstar analyst Greggory Warren warned it should serve as “a warning sign for the industry and the rulemakers about the downside of illiquid funds for retail investors.” But here’s the good news: you’re an informed reader and you can plan ahead while everyone sleepwalks until the liquidity crisis affects them directly. That means there is still time to prepare and make moves accordingly so that you always have access to capital. And one of the most liquid and reliable assets in any crisis is physical gold and silver. Bill Armour from joins us to discuss how our readers can prepare before the next liquidity crisis locks investors out of their own money. 🧵

The Vigilant Fox 🦊

125,874 просмотров • 5 месяцев назад

🌐 Inside the Future of Global Finance Tokenization, settlement, ISO 20022 messaging, digital policy and the shift toward real institutional adoption. The transformation is happening faster than most people realize. We sat down with: • Andre Casterman — former Head of Corporate and Trade Markets at SWIFT and a leading figure in trade finance tokenization through ITFA and the XDC Network. • Arushi Goel — former Chainalysis policy lead and former digital currency lead at the World Economic Forum Together they break down: • How blockchain evolved from early experiments to today’s institutional era • Why stablecoins became the first real scaled tokenized asset • What ISO 20022 actually means for interoperability and financial messaging • How regulators in the US, EU, UAE and Asia are shaping digital asset policy • Public vs private infrastructure and where global institutions are really building • How AI, digital identity and DLT are converging • What tokenization could look like by 2030 as finance quietly goes on-chain If you want to understand where global markets and digital infrastructure are heading, this conversation is essential. Podcast powered by XDC Foundation

🌐 Inside the Future of Global Finance Tokenization, settlement, ISO 20022 messaging, digital policy and the shift toward real institutional adoption. The transformation is happening faster than most people realize. We sat down with: • Andre Casterman — former Head of Corporate and Trade Markets at SWIFT and a leading figure in trade finance tokenization through ITFA and the XDC Network. • Arushi Goel — former Chainalysis policy lead and former digital currency lead at the World Economic Forum Together they break down: • How blockchain evolved from early experiments to today’s institutional era • Why stablecoins became the first real scaled tokenized asset • What ISO 20022 actually means for interoperability and financial messaging • How regulators in the US, EU, UAE and Asia are shaping digital asset policy • Public vs private infrastructure and where global institutions are really building • How AI, digital identity and DLT are converging • What tokenization could look like by 2030 as finance quietly goes on-chain If you want to understand where global markets and digital infrastructure are heading, this conversation is essential. Podcast powered by XDC Foundation

Generation Infinity

161,224 просмотров • 8 месяцев назад

KAMIJO sits down with Rito, guitarist of Musyozoku, for an exclusive talk session ahead of their appearance at B7KLAN J-ROCK FEST. Together, they share their thoughts on the current state of the Visual Kei scene in Japan, discuss Musyozoku's journey, and talk about what it means to perform for European fans at this year's festival. Whether you're a longtime Visual Kei fan or discovering the scene for the first time, this is a conversation you won't want to miss. Watch the full interview now, and let us know what you think in the comments! See you in Paris on July 11 & 12! 🇫🇷🔥 #kamijo #rito #musyozoku #b7klanjrockfest #visualkei

KAMIJO sits down with Rito, guitarist of Musyozoku, for an exclusive talk session ahead of their appearance at B7KLAN J-ROCK FEST. Together, they share their thoughts on the current state of the Visual Kei scene in Japan, discuss Musyozoku's journey, and talk about what it means to perform for European fans at this year's festival. Whether you're a longtime Visual Kei fan or discovering the scene for the first time, this is a conversation you won't want to miss. Watch the full interview now, and let us know what you think in the comments! See you in Paris on July 11 & 12! 🇫🇷🔥 #kamijo #rito #musyozoku #b7klanjrockfest #visualkei

B7 Klan

22,219 просмотров • 1 месяц назад

A clip from Li Lu's greatest-ever public speech. The Columbia Lecture for Bruce Greenwald's 2006 Columbia Class. Here are 9 Learnings from Li Lu's Investment Strategy: 1. Why Value Investing Works The market isn’t built for value investors. It is built in a way that increases the urge to speculate. That’s why businesses are so often misprized in the short term. Value investors can benefit from this circumstance. 2. Understand Who You Are You’ll be more interested in some industries/topics than in others. And in investing, you can choose in what industries you’ll look for opportunities. Investors should use this advantage and be sure about their circle of competence. 3. Be a Journalist Being an investor is a lot like being a research journalist. You have to dig into the company on a level that journalists do when they research their stories. You also need to clearly articulate your thesis and research and bring it to paper. 4. Find the Truth A journalist also has to find the truth before he publishes a story. Same goes for an investor. It could be fatal if he makes a decision before he knows “the truth” about a company. Thus, he has to avoid all sorts of biases and misleading influences. 5. Commitment Bias One of these biases is the commitment bias. To avoid this one, Li Lu rarely agrees to public appearances. The more you talk about investments, the more you talk yourself into them. The perceived knowledge about a company increases for no reason. 6. ROIC Just like Charlie Munger, Li Lu emphasizes the importance of ROIC as a metric for superior performance and competitive advantages. The longer your holding period, the more your return will equal the ROIC of the underlying company. 7. Volatility As explained before, stock prices are a lot more volatile than the business behind that stock. Investors, therefore, should pay attention to slow, long-term changes in the business instead of stock prices. 8. Self Defense To Li Lu, the Margin of Safety is a concept of self-defense. Even if the company is more valuable than the market gives it credit for, the management could destroy this advantage. This possibility is something investors have to look out for. 9. Uninvestable Some industries are impossible to value. Li Lu gives the example of restaurants. Even if the business is great, there are little to no durable advantages. Investors shouldn’t try the impossible and just focus on what can be valued. You can find the whole Lecture on YouTube. I highly recommend watching it!

A clip from Li Lu's greatest-ever public speech. The Columbia Lecture for Bruce Greenwald's 2006 Columbia Class. Here are 9 Learnings from Li Lu's Investment Strategy: 1. Why Value Investing Works The market isn’t built for value investors. It is built in a way that increases the urge to speculate. That’s why businesses are so often misprized in the short term. Value investors can benefit from this circumstance. 2. Understand Who You Are You’ll be more interested in some industries/topics than in others. And in investing, you can choose in what industries you’ll look for opportunities. Investors should use this advantage and be sure about their circle of competence. 3. Be a Journalist Being an investor is a lot like being a research journalist. You have to dig into the company on a level that journalists do when they research their stories. You also need to clearly articulate your thesis and research and bring it to paper. 4. Find the Truth A journalist also has to find the truth before he publishes a story. Same goes for an investor. It could be fatal if he makes a decision before he knows “the truth” about a company. Thus, he has to avoid all sorts of biases and misleading influences. 5. Commitment Bias One of these biases is the commitment bias. To avoid this one, Li Lu rarely agrees to public appearances. The more you talk about investments, the more you talk yourself into them. The perceived knowledge about a company increases for no reason. 6. ROIC Just like Charlie Munger, Li Lu emphasizes the importance of ROIC as a metric for superior performance and competitive advantages. The longer your holding period, the more your return will equal the ROIC of the underlying company. 7. Volatility As explained before, stock prices are a lot more volatile than the business behind that stock. Investors, therefore, should pay attention to slow, long-term changes in the business instead of stock prices. 8. Self Defense To Li Lu, the Margin of Safety is a concept of self-defense. Even if the company is more valuable than the market gives it credit for, the management could destroy this advantage. This possibility is something investors have to look out for. 9. Uninvestable Some industries are impossible to value. Li Lu gives the example of restaurants. Even if the business is great, there are little to no durable advantages. Investors shouldn’t try the impossible and just focus on what can be valued. You can find the whole Lecture on YouTube. I highly recommend watching it!

Daniel Mahncke

244,951 просмотров • 2 лет назад

I sat down with Raoul Pal to understand why #Bitcoin should already be at $160,000 and what’s coming in 2026. A new episode of New Era Finance Podcast is live: In my conversation with Raoul Pal, we go deep into: – why Bitcoin is trading at a 40% discount to fair value – what really happened on October 10th – why 2026 growth is about to "explode" (his words) – $ETH as the Microsoft of #Crypto – how AI is changing everything about investing A must-watch for any investor. Thanks to our sponsor, OKX Dutch!

I sat down with Raoul Pal to understand why #Bitcoin should already be at $160,000 and what’s coming in 2026. A new episode of New Era Finance Podcast is live: In my conversation with Raoul Pal, we go deep into: – why Bitcoin is trading at a 40% discount to fair value – what really happened on October 10th – why 2026 growth is about to "explode" (his words) – $ETH as the Microsoft of #Crypto – how AI is changing everything about investing A must-watch for any investor. Thanks to our sponsor, OKX Dutch!

Michaël van de Poppe

150,435 просмотров • 7 месяцев назад