Becoming Investors
19 episodes - English - Latest episode: almost 4 years ago -Thank you for tuning to the the Becoming Investors podcast. Join us in our journey of becoming investors and following the footsteps of Warren Buffet, Charlie Munger, Phil Town, and other great investors.
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Episodes
The Yearly Portfolio Mental Model
October 06, 2020 04:00 - 42 minutes - 29.4 MBCarlos shares the concept of "yearly portfolios," a mental model that he developed to help him overcome psychological blocks with with investing
How bright is Intel's future?
September 22, 2020 04:00 - 40 minutes - 27.8 MBPart two of our discussion on Intel (INTC). Intel is positioning itself to become a major player in emerging technologies such as self-driving cars, 5G, and IoT (Internet of Things). We discuss how likely we think their goals are to pan out, and how this affects the company's future. Then we dive in to valuation and say why we want to add this company to our portfolios at the current price.
Intel- 50 years at the cutting edge
September 15, 2020 04:00 - 30 minutes - 21.3 MBIntel (INTC) has been a leading technology company for over 50 years. Aaron joins us to discuss Intel's impressive past, Moore's Law, and what the news about 7nm delays that caused the price to tank really means.
Floor & Decor: A huge growth opportunity
September 08, 2020 04:00 - 43 minutes - 29.8 MBFloor & Decor Holdings (FND) is a flooring company that has been growing at phenomenal rates. They have a goal to increase their number of stores by 20% per year, and they are on track to meet that goal even in the midst of the pandemic. We see a lot of tailwinds for the flooring industry as a whole and think that FND is poised to be a real winner over the next decade.
Warren Buffett on Cash Flow Statements: DIS and TSLA
August 25, 2020 04:00 - 37 minutes - 25.7 MBPart 3 of our series on the book "Warren Buffett and The Interpretation of Financial Statements" by Mary Buffett. The cash flow statement shows the cash that flows in and out of a business due to operating expenses, capital expenditure, and financing expenses such as stock buybacks. We break down what we pay attention to when we look at cash flow statements with examples from DIS and TSLA.
Warren Buffet on Income Statements
August 18, 2020 04:00 - 44 minutes - 30.8 MBPart 2 of our series on the book "Warren Buffett and The Interpretation of Financial Statements" by Mary Buffett. We discuss Buffett's benchmarks for profit margin and income growth, as well as specific types of expenses that he stays away from. This is crucial when we are attempting to understand and value a potential investment.
Warren Buffet on Balance Sheets
August 11, 2020 04:00 - 52 minutes - 36.1 MBPart 1 of a series on the book "Warren Buffett and The Interpretation of Financial Statements" by Mary Buffett. This book is a treasure trove of tips on how to research a business. We discuss what Buffett looks for on a balance sheet to determine if a company has a durable competitive advantage and apply it to some of the companies we have researched.
Asset Allocation with Aaron
August 04, 2020 04:00 - 53 minutes - 36.7 MBAaron joins us again to discuss the all important topic of asset allocation! Our time horizon should determine how we allocate our assets. We discuss how to balance different types of investments, and how this balance will change over time. Some types of investments discussed include bonds, stocks, index funds, commodities, gold, peer to peer lending, and real estate. https://nine-thrive.com/how-to-create-ray-dalios-all-weather-portfolio/
The Staffing Industry
July 28, 2020 11:00 - 46 minutes - 32.2 MBThe staffing industry is one that is definitely affected by market downturns. Are there any companies in this sector that we want to invest in? We discuss BG Staffing (BGSF), Robert Half International (RHI), Mastech Digital (MHH), and ManpowerGroup (MAN).
Index Funds 101
July 21, 2020 04:00 - 49 minutes - 34.2 MBAaron guest stars to discuss the fundamentals of indexing, a different style of investing than what has been discussed on the podcast so far. Indexing, also known as passive investing, is easy to do, has very low expenses, and uses the idea of diversification to reduce risk. We discuss how index funds handle recessions and what your returns would be if you were unlucky enough to invest in an index fund right before each of the past three recessions.
Analyzing Abiomed (ABMD)
July 14, 2020 04:00 - 50 minutes - 34.9 MBAbiomed, a company that manufactures heart implant devices, was the first value investing pick for both Carlos and Ashley. They discuss the financial situation and growth potential of the company and the event that put the stock on sale. They also run some numbers to value the company using 10-Cap, Margin of Safety, and Payback Time methods as outlined in Phil Town's book "Rule #1."
Ashley Broke Her Own Rules with Disney
July 07, 2020 04:00 - 58 minutes - 39.9 MBI broke the rules with Disney. When Coronavirus struck and the stock market started going bonkers, I was first drawn to the obvious candidates for undervalued companies- airlines and cruise lines. After I got that out of my system, I started looking around for solid businesses that were hit hard by the pandemic. Disney is a pretty obvious one- their parks have been completely shut down for a still undetermined length of time. I am very confident that the parks will eventually reopen and tha...
Carlos's Investment Regrets during Covid-19
July 07, 2020 04:00 - 38 minutes - 26.3 MBNear the beginning of the Covid-19 pandemic, Carlos bought into several companies without following his normal research steps because he was excited about how far prices had fallen from their 52-week highs. He came to regret many of these and exited, in some cases taking a loss. Companies discussed include United, Delta, and Spirit airlines, Norwegian Cruiselines, Google, and American Express.
Margin of Safety
June 30, 2020 04:00 - 31 minutes - 21.5 MBInvesting can be risky, but there are techniques that can be used to reduce our risk. Value investing is a strategy where investors buy great companies when the market is selling them for less than what they are worth. The idea behind a margin of safety is that investors only buy into a company for a fraction, usually 50%, of what the company is actually worth. This helps investors ensure they earn the returns that they want, even if some of their analysis and calculations turn out to be inc...
What Makes Management Good?
June 23, 2020 04:00 - 43 minutes - 29.9 MBHow important is management to the success of a business? The CEO of Coca-Cola made a huge blunder by introducing "new coke," effectively breaching their own moat. Kodak's management failed to adapt to the new technology of digital cameras which resulted in an industry leader falling into irrelevance. Management needs to have vision and flexibility to maintain durable advantages and keep growing the company.
Our Investing Fundamentals
June 16, 2020 17:00 - 56 minutes - 38.5 MBCarlos and Ashley are heavily influenced by the writings of Phil and Danielle Town. In this episode, they outline the principles from their books and podcast that form the foundation of their value investing strategy, focusing particularly on how to determine a company's meaning and moat.
Initial Portfolio Overview
June 09, 2020 22:00 - 57 minutes - 39.5 MBCarlos' Positions Ashley's Positions
Becoming Investors Introduction
June 09, 2020 22:00 - 15 minutes - 10.8 MBMeet Carlos and Ashley, two friends on a journey to become investors. They outline future content of the podcast including discussions on investing concepts and sharing updates on their research and portfolios.
Are you Ready to Become an Investor?
June 09, 2020 22:00 - 27 minutes - 18.6 MBAre you ready to become an investor? Every individual has their own financial “culture” that is influenced by their family, friends, and personal circumstances. Money habits can change, and often do when you start paying attention to your spending and saving habits and create specific long term goals. Carlos’s Backstory Carlos’s Grandfather was a very wealthy doctor in South America who ended up penniless due to poor financial decisions. It is a sad story and a great motivation for Carlo...