Wizards Institute

Achieve financial freedom through smart investing

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Age of Big Tech

The chart is self-explanatory. In 2005, only one tech firm in the top 8 of world’s giant firms. Today, 15 years later, all 8 are top tech. Tech is eating the world. Why is this? How does this impact investing including value investing and our strategies going forward? Where would Bershire be today without it’s Apple holding? Are fundamental investors missing out in Zoom or Tesla and many others? Stay tune, we’ll host a great speaker in coming weeks to address the impact of Big Tech eating the... Please find the full content here: https://members.wizards.institute/posts/8118222

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Test U.I.

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Interview with Paula Madison

My friend Paula Madison is one of the most fascinating people I’ve met: - Media mogul - One of the most 75 powerful African Americans AND - One of 50 outstanding Asian Americans - A highly successful businesswoman and investor Growing up in Harlem to Jamaican parents, Paula climbed the corp ranks in Hollywood to be one of the most senior minority execs in Hollywood. After retiring from NBC she is a partner of family investment group focused on real estate and CEO of Madison Media, a media... Please find the full content here: https://members.wizards.institute/posts/7758449

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La Tierra Verde Tampa 47U

Zachary Feldman this is note from Jim after his tour: “San/Brett, I did a drive by on Thursday and I have mixed feelings as the building is actually in good shape, roof,exterior, parking and grounds all look good. So I would say the building is a solid C, not sure what the insides look like but by the information they have been renovated and look nice. So not sure how much meat has been left on the bone!The area is a C- to D so if the current ownership group raised the rents then not sure how... Please find the full content here: https://members.wizards.institute/posts/8046703

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Ed Easterling on Secular Stock Market Cycles

Following its crash in March 2020, the market is now up. In today’s volatile market (and during less volatile times), it is crucial to respect the markets and understand its cycles in order to take advantage of its timing and maximize returns / minimize losses. Ed Easterling, author of the award-winning book Unexpected Returns: Understanding Secular Stock Market Cycles and president of investment management and research firm Crestmont Research, boils down his views on long-term markets into... Please find the full content here: https://members.wizards.institute/posts/8033751

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U.I. Testing

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Leverage Gold, the Double Edged Sword

The biggest lessons are where you've hurt the most. At one point, the portfolio was down 50%. I remember five years ago when I opened my first stock brokerage account and started trading a small sum of money. The stock market was an intriguing place, where a few clicks of buying and selling will lead you to profit (just get the timing right). And it was true the first month, when my superior stock picking skills led me to a 5% return (the market was also up that month). The next month, the... Please find the full content here: https://members.wizards.institute/posts/8001134

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Dojo is learning, fast (with my kids in the car)

Commandment 5 of our book Ten Commandments of Investing is “Seek Religion” - do massive homework on the target investment, gain what we like to call IOT - or independence of thought, including own valuation model, so can invest with conviction e.g. religion on the investment. Wizards members will know that we have been studying Tesla as a case study for the Ten Commandments. We are early adopters of all of Tesla‘s hardware (car) and per below software (self-driving software) and have even... Please find the full content here: https://members.wizards.institute/posts/7985731

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Carpe diem

The tenth and last commandment of our book Ten Commandments of Investing is to me the hardest. We are still researching and improving the manuscript and hope to share the full chapter and book with you in near future. Meanwhile, I note that many - almost the vast majority of the Investment Wizards, follow a strict routine of mental discipline. Many get up early, before the sun rises, and use that time for physical and importantly, mental exercises. Ray Dalio, Kathy Xu - many others -... Please find the full content here: https://members.wizards.institute/posts/7985666

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Tech disrupting value investing

In this well-written report by Kai Wu, Founder/CIO of hedge fund Sparkline Capital, Wu argues that tech e.g. the FAANG+M stocks have not only disrupted industries, changing our world, but also the much revered value investing pioneered by Benjamin Graham. Wu previously worked with Investment Wizard Jeremy Grantham. Value investing traces back to the 1930’s to Graham and practiced by legends such as Warren Buffet - both of whom we’ve researched extensively for our book. However, Wu writes that... Please find the full content here: https://members.wizards.institute/posts/7940481

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Kathy Xu: China’s Queen of Venture Capital

Kathy Xu runs venture capital fund Capital Today and is widely acknowledged as the “Queen of Venture Capital” in China. She invested $10 million in JD.com when other investors shunned the loss-making venture, helping to grow it to one of China’s largest e-commerce platforms. When JD IPO-ed 8 years later, her fund’s stake was worth $2.6 billion, a 260x return. Kathy has turned ventures into gold in many other firms like NetEase, Meixian-Dianping, CTrip, Zhihu and Tudou – all market leaders... Please find the full content here: https://members.wizards.institute/posts/7940186

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Wizards Podcasts

Eva Lau: Top Tech Investor Eva is one of the most well known entrepreneur-turned-early stage investors in Canada and North America. She and her husband Allen Lau raised $118 million for Wattpad and turned the startup into a global media sensation, with tens of millions of users. Eva currently runs Two Small Fish a leading early-stage venture fund based in Toronto. She is one of the most prominent leaders in the Canadian tech scene and a big proponent of women in tech. We discussed Eva’s views... Please find the full content here: https://members.wizards.institute/posts/7940110

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Wizards Podcasts

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Wizards Podcasts

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BENJAMIN GRAHAM: The WIZARD TO INVESTMENT WIZARDS

By Oia Eng Hi everyone! In the process of writing for the upcoming Investors Bible book, we have been researching a plethora of investment wizards. I will be uploading summaries of the wizards and their philosophies each week, and would be grateful for any feedback! Warren Buffett is widely considered to be one of the greatest investors of all time. If you were to ask him whom he thinks is the greatest investor, he would likely name Benjamin Graham, his teacher and investment mentor. American... Please find the full content here: https://members.wizards.institute/posts/7922578

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Saw this few days ago, already outdated

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Joel Greenblatt's Magic Formula

Greenblatt is an American academic, hedge fund manager, investor, and writer. He manages the Gotham Funds with Robert Goldstein. He’s a value investor, alumnus of the Wharton School of the University of Pennsylvania just like San, and adjunct professor at Columbia University Graduate School of Business. Greenblatt avidly advocates for his Magic Formula in The Little Book That (Still) Beats the Market. The book was intended to be an introduction to stock investing to his grandkids, so it was a... Please find the full content here: https://members.wizards.institute/posts/7889319