Comments by "bighand69" (@bighands69) on "PensionCraft" channel.

  1.  @Pensioncraft  Sorry for the slow response. I am not criticizing your video it makes a valid point. Now in regards to concentration with fundsmith if those sectors are not doing well it means the world economy is on fire. It would mean a world crisis that we have not seen before and if that is the case investments maybe the least of our worries. Fundsmith is doing something that many people have known for a long time. There is nothing new in their approach. I have used similar approach for the last 25 years as my grandfather before that.
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  2. Buffett has been doing this type of investment for the last 50 years and has a steady level of growth. Short term analysis of this type of investment is just insane at best. They have averaged roughly about 19% average growth while buffet himself has managed about 24% on average. There is nothing magical about this and there is nothing quick or fancy about it.
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  3. The debts are much higher than $300 billion. All those ghost cities, bridges to nowhere and fancy skyscrapers cost a lot more than $300 billion.
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  4. The key is to buy something that is cheap but also has quality to it. A business that produces profits, cashflow and everybody buys it is one that maybe a good buy if it is cheap.
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  5. Investment over the long term is the way to go. Short term is hard to call.
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  6.  @arnoldjenkins5455  One of the things buffet suggests for those with a good investment plan is to rarely check performance. I remember reading that the funds that performed the best were those of dead people who simply could not interfere with the funds.
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  7. Those assets are way overvalued and worth nothing like the claims that are being made.
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  8. "Chinese economy has been the engine driving the world economy" That is a fantasy.
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  9. Funds that are classified as diversified tend to be full of junk.
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  10. +Geetpeet NSNSNjj If the US economy goes into recession which has to happen at some point just as night follows day then the developing economies of Africa, India and China are all going to suffer drastically. Do not be under any impression that you can seperate them from the US.
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  11. Timing the markets is easy the problem is that there are only a few instances every decade that allow you to time them. So be patient and above all value the company you intend to buy. Contrary to what people believe they can be timed.
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  12. It is not just that they are good large companies they are in sectors of the market that always sell. People need food and various consumables. Try going without toilet roll to see what happens. They are well run companies in sectors that people need and are willing to buy continuously. I love Coca Cola and Pepsi and buy them alot. As to billions of other people. People eat meat. If these sectors are doing really badly it means there is some epic event unfolding.
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  13. The Chinese economy will care. Countries that default on their bond issues never recover.
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  14. It never went away.
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  15. What makes you think that reddit activists can keep the share price high all the time. Share prices are based on supply and demand. Short selling has no real impact on the actual share price. People lose out short selling all the time it is not a guarantee of anything. What the activists do not understand is that they have injected performance enhancers into GameStop and at some point it will all come crashing down. For it to work there would need to be a constant supply of activists to move in which makes it like a pyramid scheme. Activists did not actually care about GameStop they are more interested in the short sellers which shows the state of modern culture.
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  16. What most people seem to misunderstand is that the reddit activism has nothing to do with investment. Those that are behind do not like capitalism and this is their way of attacking it. Expect to see more of this in the future on in different ways.
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  17. It is only a bargain if you can value the companies in the marketplace. Just because a company has a share price today of £10 and it was £50 last week does not mean it is a bargain or that it is cheap. GE at one point had a share price of about $31 and today it $7.30. Understanding how a business derives its value is of the utmost importance.
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  18.  @simonking3949  Making plastic cheap products for western corporations is hardly keeping the world economy growing. The indian economy has been growing at 8% per year and in 25 years time it will over take the Chinese. China is a mirage.
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  19. US bond market is far more healthy.
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  20. Where did people think all the money for the bridges to nowhere came from?
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  21. I would not say fact based but most certainly is analytical and based on the best information avaiable.
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  22. So can you explain how you would short Evergrande?
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  23. Western companies are not really selling to the Chinese market. They have nowhere near as much to lose.
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  24. PensionCraft Value investment that has been focused on quality is not new and it is not a fancy field. It does not offer excitement like investing 1000 today and next year it is worth £25,000. And it is not we are announcing today that we have struck oil in central London and all we need to do is switch on the tap. What they are doing is very very conservative at best.
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  25. Most are only involved in a small way.
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  26. US growth is based on productivity rather than perceived asset growth.
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  27. None.
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  28. The real test for all of these funds will now take place over the next few years after the Coronavirus market decline.
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  29. Value investing can always exist. There are always companies that are overpriced or under priced. It is so obvious what Tesla is right now.
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  30. It is nothing like the US at all. The US has far more assets and more ability to drive new capital and only a certain proportion of US industry was affected. The reason the US has not collapsed like people are predicting is due to the fact it has far more assets than most people realize.
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  31.  @Citizen-of-theworld  You can also value invest and look at the quality of a business. The idea that people would only invest on value alone is not the case. People misunderstand the concept of value investing they assume that it only looks at value. Ben Graham did not just look at value he considered the quality of the business as well such as cashflow, debt, long term performance and the management of the business. The intelligent investor is an excellent read and will give you a better understanding of the concept. One thing that the book teaches is that nothing is guaranteed but you can improve your prospects.
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  32. Buffett also understand that investors need to have cash as well or they will get caught with no cash.
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  33. The whole economy is over leveraged. It is the only way they can project power. We are now at a dangerious point in history. How will the leadership react to this if there is a danger that they could collapse.
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