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58 - Investing Goals for 2020 show art 58 - Investing Goals for 2020

The DIY Investing Podcast: Value Investing | Fundamental Analysis | Mental Models | Business Management

The key to becoming a better investor is to focus on improving your investing process. In this episode, I discuss my 2020 Investing Goals.

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57 - Technical Analysis for Value Investors with David Keller show art 57 - Technical Analysis for Value Investors with David Keller

The DIY Investing Podcast: Value Investing | Fundamental Analysis | Mental Models | Business Management

Technical analysis quantifies investor behavior. Value investors can leverage charts to improve their investing process. Behavioral Finance is also critical to reducing investing mistakes.

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56 - HemaCare 100-Bagger with Dan Schum show art 56 - HemaCare 100-Bagger with Dan Schum

The DIY Investing Podcast: Value Investing | Fundamental Analysis | Mental Models | Business Management

In this episode, I interview Dan Schum of NoNameStocks.com

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55 - How to manage Inflation Risk (Loss of Purchasing Power) show art 55 - How to manage Inflation Risk (Loss of Purchasing Power)

The DIY Investing Podcast: Value Investing | Fundamental Analysis | Mental Models | Business Management

In today's low inflation environment, one of your best opportunities is to find and invest in companies that will thrive when high inflation returns. When the rest of the market gets hammered, your investments would be safe.

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54 - How to Classify Companies by Business Quality: An Investing System show art 54 - How to Classify Companies by Business Quality: An Investing System

The DIY Investing Podcast: Value Investing | Fundamental Analysis | Mental Models | Business Management

In this episode, learn how to classify companies by business quality. If you begin your investing research with a business quality classification, you can limit investing mistakes and maximize your margin of safety.

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53 - How to buy illiquid stocks show art 53 - How to buy illiquid stocks

The DIY Investing Podcast: Value Investing | Fundamental Analysis | Mental Models | Business Management

Purchasing illiquid stocks presents unique challenges. Your buying process should focus on overcoming those challenges. Use limit orders and study price changes to buy sufficient shares.

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52 - The Acquirer's Multiple with author Tobias Carlisle (Interactive Book Review) show art 52 - The Acquirer's Multiple with author Tobias Carlisle (Interactive Book Review)

The DIY Investing Podcast: Value Investing | Fundamental Analysis | Mental Models | Business Management

In this episode, I interview Tobias Carlisle, author of The Acquirer's Multiple and fund manager of the ETF ZIG. Listen to an interactive review of this Deep Value Investing book.

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51 - Psychology of Selling Losers show art 51 - Psychology of Selling Losers

The DIY Investing Podcast: Value Investing | Fundamental Analysis | Mental Models | Business Management

In this episode, I discuss the psychology involved in selling losing stock positions. A core aspect of behavioral finance is overcoming our weaknesses. Ignoring opportunity cost is a key investing weakness.

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50 - Tim Eriksen Interview: MicroCap Investing $BVERS $WCRS $PIOE $BWEL show art 50 - Tim Eriksen Interview: MicroCap Investing $BVERS $WCRS $PIOE $BWEL

The DIY Investing Podcast: Value Investing | Fundamental Analysis | Mental Models | Business Management

In this episode, I interview Tim Eriksen and we discuss his investing strategy which involves buying microcap companies. Smaller companies offer higher returns historically. Tim Eriksen also provides insight into Beaver Land Company and its business model. We dive into additional companies including Western Capital Resources, P10 Holdings, and JG Boswell.

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49 - Value Stock Geek Interview: Cheap and Good Balance Sheet ($MU, $BDL, $DKS) show art 49 - Value Stock Geek Interview: Cheap and Good Balance Sheet ($MU, $BDL, $DKS)

The DIY Investing Podcast: Value Investing | Fundamental Analysis | Mental Models | Business Management

In this episode, I interview Value Stock Geek and we discuss his investing strategy which involves buying cheap companies with good balance sheets. For ValueStockGeek value is found in a low EV/EBIT multiple. This is the Acquirer's Multiple as named by Tobias Carlisle.

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More Episodes

Mental Models discussed in this podcast:

  • Opportunity cost
  • Loss Aversion
  • Diversification vs Concentration
  • Price Anchoring
  • Zero-Based Budgeting
  • Commitment Bias
  • Game Theory:  Minimax Theorem

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Twitter Handle: @TreyHenninger

YouTube Channel: DIY Investing

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You can find out more information by listening to episode 11 of this podcast.

Show Outline

The full show notes for this episode are available at https://www.diyinvesting.org/Episode51

My portfolio Current/Future State

  • Owned 11 stocks 
    • 5 winners
    • 5 losers
    • 1 borderline loser
  • The goal is to reduce to 5 positions
  • Sold 4 stocks so far (made money on 2, lost money on 2)
  • Not all "losers" lost money. Some made money.
  • It's all about future return potential from here

Summary:

It's all about opportunity cost. Use rational analysis to overcome your behavioral biases.