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Please read the article "Blog's "read me first" Terms And Conditions Of Use All content provided on this blog is for informational purposes only. This blog's owner makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner of this blog will not be liable for any errors or omissions in this information. The owner will not be liable for any losses, injuries, or damages from this information's display or use. These terms and conditions are subject to change at any time with or without notice. Keep in mind my native language is Spanish; sorry in advance for any grammar mistakes. · Triple-digit growth, year after year. With a lot of runway still to come. Expected margins will increase to 75% by mid-2023. · Trading at 1.5 P/S 2022 estimates when similar companies trade at 20x multiples. · What is the st

Understanding Micron Technology Inc (NAS:MU)

June 23, 2019

The first thing you'll notice is that Micron is undervalued mostly however you see it. Is hard to ignore that P/E of 3.12, in theory you should get your money back ever 3 years, and that for every dollar of their 30 billion in sales, they keep 50 cents (operating margins of almost 50%). But just before you run and buy Micron, take a look. Micron is a very cyclical market. It goes up and down like a yoyo. that makes it hard to value, specially because its net income is even more chaotic: Here is the problem, expectations are that revenues are about to fall... a lot, because of prices of their products are: As a reference last time revenues lower significantly was in 2016, they operated at a loss that year. stock price low was around $10 Is debt a problem? actually no. Micron Technology Inc Annual Data Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Debt-to-EBITDA 5.43 0.59 0.72 2.08 1.82 1.27 1.31 3.16 1.16 0.24 ( Current Portion of

A Different view on Fannie Mae (FNMA) and Freddie Mac (FMCC) "Optionality has value"!

September 11, 2019

A Different view on Fannie Mae (FNMA) and Freddie Mac (FMCC), an issue is rather complex. Here I may refer to both institutions as "government-sponsored entities" or ("GSEs"). But YOU as an investor should focus on what's knowable and controllable. Here is what the market is missing an my variant perspective: "Optionality has value" ! Here is my invitation to you investor: see Fannie Mae and Freddie Mac at current price as an option , that could go to $0 or to $17.55 each. You would really be paying for the optionality. You just bought an option, but not only that, this one doesn't expire. how much would that option be worth? for a "know nothing about the company" kind of investor using a Black an Scholes kind of formula works pretty well. Even though we don't want to use it for prolonged periods of time, since the formula stops working basically. Charlie Munger on Black Scholes Option Pricing Model (2003) - https

36) Hustling to 5000% return on investment with Mariusz Skonieczny

December 13, 2020

In this episode we talk about the hustle and years of hard work that Mariusz had to go though as he is facing an amazing return on investment in his stocks now. Mariusz is up 5000% and I think this investment will eventually get him to 400X (40000%). In an industry where 10% a year is outstanding result. This is a story you cant miss Check out this episode! 36) Hustling to 5000% return on investment with Mariusz Skonieczny Transcription by Arianne Elnar Ney Torres: [00:00:00] Now, let me tell you my side of the story very quickly. Before we start talking about your story. I think… I don't remember if I texted you or Adam from Oroco and Im like “by the way, if you ever do another placement (raising money), please do let me know” and then it was like “we're in the middle of one right now”, and I'm in the middle of Netherlands. And now, I have to take a plane to Ecuador, raise the money and that takes me like two weeks. The moment I want to send the money, my bank

21) Mary Buffett: Value investing and stories about Warren Buffett.

May 19, 2020

Today I'm interviewing Mary Buffett on value investing and also stories about Warren Buffett which you probably have never heard before! I certainly enjoyed interviewing Mary. On a personal note, I was not expecting that she would be so cool. I learned, once again, a great lesson: "There's no better investment than being a great human being; it costs nothing, and it pays off great dividends." Thank you, Mary. Mary Buffett Ney Torres: [00:00:00] Hello everybody welcome to the show. Today I have the honor of interviewing Mary buffet. How are you Mary? Mary Buffett: [00:00:06] I'm great. Thank you. Ney Torres: [00:00:08] Hey, before we start I really wanted to thank you for your time. is really , a big honor. I started studying, investing with your books, and I really appreciate it and it comes to full circle now. Now I'm talking to you and thank you so much for this opportunity. Mary Buffett: [00:00:21] My pleasure Ney. Honestly. Thank you. Ney To

Become Rich like Warren Buffett, the best investor in the world

March 06, 2020

4) Become Rich like Warren Buffett, the best investor in the world Ney Torres: [00:00:01] Today, we have a very special guest, Evan Bleker. Did I pronounce it right? Evan Bleker: [00:00:07] Ah, yeah. Pretty good. I’m not particular about that. Ney Torres: [00:00:10] So we've been talking through mail for the last couple of years. And Evan, it's such a pleasure to have you here. For the people listening, if you are going to stay for the next 30 minutes, you're going save yourself a lot of headaches for the next 10 years. [00:00:28] If you’ve ever thought about investing in stocks, this is really the path to go through because Evan did something really really smart. And that's, he took a model, a role model like Warren Buffett, who's the best investor in the history of humanity it looks like, and he started looking at what he did when he started out versus what he did eventually. Right? Because most people, and you call this, th

Value Investment Fund, second year performance

October 13, 2021

Please read the article "Blog's "read me first" Terms And Conditions Of Use All content provided on this blog is for informational purposes only. This blog's owner makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner of this blog will not be liable for any errors or omissions in this information. The owner will not be liable for any losses, injuries, or damages from this information's display or use. These terms and conditions are subject to change at any time with or without notice. Keep in mind my native language is Spanish; sorry in advance for any grammar mistakes. Value Investment Fund, INC. annual Letter Quito, Ecuador. 10/9/2021 To the friends and investors of Value Investing Fund, INC.: In our second year, ending September 1, 2021, the fund has generated 51.46% in profits for a cumulative return of 257.19% since inception. Ney Torres, Portfolio Manager Value

How to invest in NFT’s, according to data

December 17, 2021

How to invest in NFT's, according to data. What we learned after 6.1 million NFT Trades The biggest misconception about NFT is that they live permanently in a blockchain. How to value the six different kinds of NFT's available today. The problem of making big money on NFT's is that they are illiquid. What's the best strategy according to data to trade NFT's? Introduction: "The top 10% of traders alone perform 85% of all transactions and trade at least once 97% of all assets." – nature.com I'd been researching NFT's seriously for more than two months straight, from coding to paid newsletters, from interviews to research papers. I wanted to understand NFT's as an investment. What I found is fascinating. I'll start showing you data from a recent research paper analyzing over 6.1 million NFT trades. Then I'll explain to you the biggest misconception about NFT's. I'll classify them into six categories to later pro

Is negative equity bad in stocks?

November 13, 2019

Is negative equity bad in stocks? Most of the time yes! But not always. In fact, having negative equity, can be a sign of an excellent company. It took me a while to understand this, because is not obvious. Negative equity, most of the time, means that your liabilities are so high that (in theory) shareholders owe money to their lenders. A clear example of this happens when the real estate market crashes and the owner of the house owes the bank more than what the house is worth. When this happens most people just walk away from their houses and let the bank have the house; this is what happened to many people in the crash of 2008. Of course, in stocks you have limited liability as a shareholder, so nobody is going to come and knock on your door to collect their debt. It would mean you lost your investment... Or does it? Except that some great companies also show negative equity; for example, it just happened to Home Depot HD. The stock price keeps going up b

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