Value Investing with Sven Carlin, Ph.D.

"Many things will not rebound. Think about the Tesla."

"It would push down the S&P 500 from the current level to 1,400 points from all-time highs."

"some gold, Argentina, Brazil, Facebook, London. I was big on copper."

"how to hit Tesla at level nine of the S&P 500, which means that all the world investing passively for their retirements push more money into Tesla because it's so valuable, therefore you need to own it even if there are no profits. The market cap is 1.2 trillion, the P ratio 360, if it continues like last quarter 700. And now, even bigger genius losing 5 billion per year, 1.8 trillion market capitalization."

"I went to Tesla's investor relation page"

"Autoome explosive stock five years ago. Now it's down significantly. Revenues a little bit down. They are switching from platform to something else. And this is what often happens with these businesses. The owners have an interest in keeping the business going, making millions this or that. They have managed, they made the money when they went public in the US, things like that. and they're happy to hold status quo, hire familiar, relatives and get a good life switching. And it's not like they a"

"Alibaba held still competition with JD held that we discussed."

"Alibaba held still competition with JD held that we discussed."

"Whip shop I have analyzed this six years ago. It's competing with Alibaba. They are still profitable. They have a dividend now. So things look good. The growth is gone. So it might be a melting ice cube. They are still struggling with that profitability. But they are now returning money to shareholders, doing buybacks, paying dividends. That is something. But very hard to be competitive. And we know the competition is extreme there. Everyone is investing in the customer, which means lower profit"

"Tencent Music Entertainment Group, the Spotify of China, P ratio of nine, they're growing steadily. Leading online music audio entertainment platform in China, profitable, dividend paying. If you like the China music there, okay, but I don't know whether there will be booms like it was just a few months ago, then you double your money, triple your money if it hits 30."

"Then we go to tal education. These guys in 2020 were going around promoting how the state education is crap and that everyone should have a tutor. Then the government said you're not going to do that anymore. and destroyed 75% of their business by prohibiting tutoring on weekends on holidays things like that the price that craziness and now they are to AI education they are still growing still have the cash everything looks good"

"Next one, Trip Advisor. This was once a hot stock, but this is a great story of how these platforms that have no mode eventually evolve. If you don't gain traction, you are slowly slowly losing, still working, still somewhere, still you get some customers here and there. They are still growing. There is still cash flows. And look at this from a growth story now. They are trading at what eight times cash flows. It's crazy traveling. Okay. But now I think especially with AI, this is to be disrupte"

"It's much better to just own it through JD.com where it's practically not even priced in because what's that? At 20 billion US market cap, 67% of that, it's 12 billion JD's market cap is 50. So that's 25% of JD's market cap. It's not worth that much, which shows how cheap JD is."

"Alibaba's e- health things like that."

"JD Health which is 67% owned by JDcom that we discussed in the other video. 40% of the pharma e-commerce market but there is also competition. Alibaba's e- health"

"7% position in JD"

"6% position in Alibaba"

"Palantir"

"on Nvidia"

"short Tesla puts"

"And let's take the [55s] example of Intel. If I look at Intel's [58s] last four quarters, let's say they have [61s] 4 billion in profits. 2026, perhaps they [64s] will have 5 billion. But, in 2023, they [68s] have extended the estimated useful life [71s] of its production machinery and [73s] equipment from 5 to 8 years. This [76s] accounting change instantly reduced [79s] Intel's annual depreciation expense by [81s] roughly 4 billion. 4 billion 2023, it [85s] will likely be 5 billion for 2025-20"

"These companies in my eyes are not profitable. Great businesses, but perhaps just Apple now is sticking to its guns 100 billion in free cash flows and saying, "Okay, you spend the money, I will use it." Even if they change CEO, we'll see how it goes."

"What did all the companies do? Meta 3 to five, five and a half, Google 3 to six, Microsoft 3 to six, Amazon four to five, not that much."

"What did all the companies do? Meta 3 to five, five and a half, Google 3 to six, Microsoft 3 to six, Amazon four to five, not that much."

"What did all the companies do? Meta 3 to five, five and a half, Google 3 to six, Microsoft 3 to six, Amazon four to five, not that much."

"What did all the companies do? Meta 3 to five, five and a half, Google 3 to six, Microsoft 3 to six, Amazon four to five, not that much."

"Further, there are fake earnings, circular earnings, Nvidia giving money that it gets back. It all pushes revenues higher. There is no competition on pricing because you can't argue with the person that's giving you the money."

"Let's take Intel as an example. You say Intel finally returned to profitability. Everything is going well. Q1 29 cents, Q2 cents. If I summarize this, this is around 4 billion in pure profits. One could say, let's say 2026 will be 5 billion in profits. Okay. Then you just go back to Intel's history and adjust for their accounting change. So they were not profitable but suddenly miraculously their assets were not lasting what was it five years now they're lasting eight years they're lasting three"