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워런 버핏의 투자법을 정리한 책 '7 Secrets to Invest Like Warren Buffett'(Mary Buffett) 요약 영상으로, 가치투자와 경제적 해자 중심의 장기 투자 원칙을 설명한다. 가치투자: 내재가치보다 싸게 거래되는 주식을 사는 전략으로, 감정적 과잉반응으로 생긴 저평가 기회를 활용한다. 투기와 구분하며 리서치 기반 투자를 강조한다. 경제적 해자: 생산 우위(복잡성, 특허·상표 보호), 소비자 우위(습관, 전환비용), 브랜드 가치 등 경쟁우위를 가진 기업에 투자한다. 코카콜라 투자 사례가 언급된다. 능력 범위(Circle of Competence): 자신이 이해하는 사업에만 투자하며, 버핏은 1990년 무렵 컴퓨터·인터넷 기업을 피했다고 설명한다. 재무제표 분석: 대차대조표, 손익계산서, 현금흐름표를 읽고 ROE를 중시한다. 바자지파이낸스(Bajaj Finserv) 자료를 예로 든다. Net-Net 기법: 청산가치(순유동자산가치)보다 주가가 33% 이상 낮을 때 투자하는 벤저민 그레이엄 방식을 소개한다. 생활 습관과 포트폴리오 관리: 소득의 10% 저축, 6개월~1년치 비상자금, 생명·건강보험 가입을 권하고, 단일 종목 10% 이하 투자, 연 1회 포트폴리오 점검, 단기 주가 하락만으로 매도하지 말 것 등을 제시한다. 영상 내 종목 언급은 예시 목적이며 구체적 투자 권유나 가격 방향 전망은 없다.
다듬은 글
So today I will read a book in great detail which is written on Warren Buffett's investing style. The name of the book is Seven Secrets to Invest Like Warren Buffett. Its author is Mary Buffett. Warren Buffett is an American businessman, investor and philanthropist who is currently the chairman and CEO of Worksho and Hathaway Company and he is considered the most successful investor in the whole world and his net worth in September 2022 is 97 billion dollars and he comes at number seven among the richest people in the whole world.
So the first thing that I have learnt from this book is value investing. This is called The Foundation for Warren Buffett Successful Investment i.e. Warren Buffett has become so successful because of value investing. Suppose you wake up tomorrow morning and you get this opportunity that you can buy ₹100 note for just ₹10 and this opportunity has been given to only a few people in India, so what will you do?
You can make the most of the money you have. You'll try to buy more notes, but something similar happens in the investing world, called value investing. Value investing is a strategy in which you buy stocks that are trading below their intrinsic value. Many investors in the stock market invest their money based on emotions and often overreact to good and bad news, leading to price movements that do n't match the company's fundamentals.
This overreaction creates an opportunity for stocks that may have strong fundamentals but are currently trading at a discounted price. Some investors speculate. Speculation means investing or trading in a way that has a high chance of losing money, but can also yield good rewards. The problem is that most people don't use any data, research, or logic.
Stocks that are considered extremely risky are called speculative stocks. He says other stocks, for example, are speculative stocks. He never speculates on these and has never done so. In fact, he believes in value investing. He learned the principles of value investing from his mentor, Benjamin Graham.
According to Graham, a good investment should be research-based, ensuring the security of your funds and ensuring you earn good returns on your investments in the long run. Now, let's return to the opportunity you received. You can buy a ₹100 note for just ₹10. If a company has a true value of ₹1,000 because its fundamentals are good, but that stock is severely undervalued, so it's currently trading for just ₹100, then this is an opportunity for you.
However, nothing happens in the stock market. It's also possible that the undervalued stocks you invest in may become even more undervalued immediately after your investment. Here's Warren Buffett's take on this. Another skill we need to learn is patience. In short, if you get such an opportunity, you should definitely invest because it's a very valuable strategy.
Compare it to speculative investing or match it to someone's T-Mobile. I'm sharing some tax names with you, which you should do a little research on. Number one is Van Aata Alag C. Number two is X. Number three is LNT Infotech. Number four is Core India. Number five is Gillette India Limited. So, in the first strategy, we learned that Warren Buffett became so successful because of value investing.
And we should also do value investing, not speculative investing. We all have to make research-based investments and keep our money safe so that it does n't sink. If you're enjoying the video so far, please like it. This will encourage YouTube to recommend it to more viewers. If you do, I'll be very grateful.
The second strategy I learned from this book is that same businesses have created economic modes that enable them to stand in the market. Fluctuation refers to businesses that have developed their own economics, making them unaffected by market ups and downs. Here, you'll learn about economic modes.
In ancient times, there were many forts, and all the kings always did different things to protect their forts from enemy attacks. This ensured that when enemies came to attack them, they could n't enter them alone. This is called modes. Here, the economic note is a metaphor that businesses with competitive advantages survive market fluctuations.
When Warren Buffett selects stocks, he uses value investing to assess whether the company has economic modes, or competitive advantages. For example, Warren Buffett has invested heavily in Coca-Cola. Warren Buffett owns 400 million shares of Coca-Cola, which have a market value of 2516 crore rupees.
To convert that value into Rs. 1,000, you can multiply by 78. The reason for this investment is that He currently owns 9.2% of the Coca-Cola Company's stock. He believed in the Coca-Cola Company from the beginning, believing it had significant competitive advantages. That's why in 1988, he bought 23 million shares at a price of 2.73 per share.
Warren Buffett believes that buying stocks is like buying kings' castles. So, it's crucial that those castles have high security and protection, meaning they have a competitive advantage. Economics notes that competitive advantage comes in many forms, but there are three categories you should know about: Number One Production Advantage: When a company achieves a production advantage, it can deliver its products or services at a lower cost compared to its competitors.
Production Advantage has two characteristics: Number One Complexity, meaning creating a process or system that is very complicated and kind of impossible to copy. Let's take the example of Coca-Cola. It has a signature taste that other drinks do n't have. For example, in India, Parle- G biscuits also have a very unique taste, for which people prefer Parle-G with tea.
Even today, the second feature is the protection of production advantage. The company is promoting its product through trademark or operating rights, due to which no other company can make such a product. This is also a competitive advantage. The second category is of economic mode, that is consumer advantage.
If a company gives more advantage to its customers than the competition, then this is also an economic mode, in which the first feature is habit and horizontal difference. For example, in the secret branch also, people have a loyal customer base. They prefer their specific brand. Tea and coffee also have a different debate.
Many people prefer tea, many people prefer coffee. Personally, I prefer coffee. Many of my friends are such that they cannot live without tea. Feature number There is the switching cost, in this the customer faces problem in switching to another brand because they are comfortable with the brand they are using now, for example, Android phone users do not switch to iPhone, because of the switching cost.
The third category is the economic mode of fan value, which is the most important, in which a company can charge you more, yet their revenue does not decrease because their brand recognition is very good, like Starbucks company has capitalized its brand value, due to which they can sell their coffee in India for more than ₹300 and people also buy it happily because they have a brand recognition, similarly if an Amit opens his own coffee shop, then he will not be able to sell coffee at this rate, so in this strategy, we have taught Warren Buffett, along with balloon investing, he also focuses on the economic modes or competitive advantage of the company, number one is production advantage, number two is consumer advantage, number three is brand value, so till now We have learned two strategies about how Warren Buffett invests: number one.
Warren practices value investing, not speculating numbers. He studies companies with competitive advantages and only then invests in them. Now we come to the third strategy: looking for investing history based on logic and your own interest. That is, whenever you are looking for investing history, you should start with your own interest.
This will make the start of your journey very smooth and fun. This topic is for those who are a little confused about which company's shares to buy. Warren Buffett is famous for not investing in businesses that are not his interest or whose business he does not understand. That is why in 1990 he avoided investing in computer and internet-related companies.
Instead, he focused on businesses like banks, airlines, and American Express because he says, "I understand their businesses. I know what these businesses offer and how they operate. I know the value of their products and services. Their value will remain the same today and in the future." Warren Buffett calls it the Circle of Competence.
It's a very simple concept, but very hard to master. Imagine two circles, one of which is a very large circle and the other a small circle. According to Warren Buffett and Charlie Munger, this is the big circle - what you think you know, and the smaller circle - what you know. Often, the difference between these two circles is that we think we know a lot, but in reality, there are a very limited number of concepts that you know well.
For example, if you're in the banking sector, you know how a bank's business works, what its growth potential is, which banks are providing excellent services, and which banks need major improvements. This is your Circle of Competence. Similarly, someone in the healthcare industry can't learn much from you through a few Google searches about the banking sector.
Warren Buffett says that if you're very young, you should read as much as you can about your Circle of Competence. To increase confidence, you should learn from the mistakes of others because you have very limited time, so you cannot learn by making your own mistakes because it will take a lot of time.
According to Warren Buffett, investing and choosing the right stocks will become easy for you. If you learn something about business, then spend a lot of time in reading financial statements. For example, if there is a construction company and you think that it can be a good investment for you, then you will have to read three financial statements of the company.
Number one, the balance sheet, number two, the income statement, number three, the cash flow statement. You will find all three in the annual report of the company. The balance sheet tells the network of the company. You will get detailed information about how much asset and liability this company has.
For example, this is the summary of the balance sheet of Bajaj Finserv. You can see its total asset in 2022, it is 33000, whereas the liability is 2 lakh 93000 472 crores and if the total asset If you subtract the liabilities, you get the total equity, that is, the net worth of the company. It was Rs 40,000 crore to Rs 47 crore in 2022.
You can see that the net worth of Bajaj Finserv has been growing consistently in the last five years. The second is the income statement. It tells us how much profit or loss the company has achieved in that year. For example, you can see the income statement of Bajaj Finserv company. Their revenue is growing every year and the net profit is also growing consistently.
World Perfect's favorite financial ratio is return on equity ( ROE). In simple words, it is how well a company is generating returns on the investment it has received from its shareholders. For example, when we invest in HD, we expect a return of up to 5%. So, how much returns a company has given on its investment is the same.
AROHI of Bajaj Finserv is 11.98%. They have given a return of 11.98% to their shareholders. Investments for such returns have been reduced. The third is the cash flow statement. It tells us how the company uses its money. Do they have enough cash for their operations? Is the company paying its dues?
How much difference does it make to its assets? For example, this is the cash flow summary of Bajaj Finserv. In this strategy, we learned that Warren Buffett makes sure that he carefully reads a company's financial statements and how he studies them in detail. I will definitely make a video on this in the future.
Strategy number five, which I learned from this book, is the net-net method. Suppose you find a company's financials healthy, meaning their cash flow is positive, their revenue is growing, as well as their net profit, and their products and services are going to be in demand in the future, but even then, you should n't invest in that company.
Warren Buffett uses the net-net method, which was developed by Warren Buffett's mentor, Jim Graham. This is the backbone of all value investing. In this, you need to compare two numbers. The first is the company's net current asset value, which is also called liquidation value. The second is the net bank value or net current asset value.
Basically, liquidation is called liquidation. Liquidation means when a company sells everything it owns and clears all its deeds, then it is called liquidation. So, net current asset value means what is left with the company when it closes its company. For example, if there is a company whose current asset is worth 50 lakhs and the liability, which also includes net 40 lakhs, then the net current asset value of that company is ₹10.
Now we will calculate the net current asset value as a share. This basically tells how much money each shareholder will get after liquidation. To calculate this, you will have to divide the outstanding shares with the NCAC i.e. net current asset value. If 1 lakh people had shares of this company, then 10 lakh divided by 10 lakhs i.e.
₹10 per person. So, in this method, you have to see whether the current price of this company If it is more than ₹10 or less, if it is more than ₹10 then it is overvalued, if it is less than ₹10 then it is undervalued. Benjamin Graham makes the Net Net Method more advanced by applying 33% margin and safety, that is, he says that the NCAC i.e.
Net Current Asset Value of the stock should be 33% less than its current trading price, then you should immediately invest in it, that is, in this case, if its top price is creating up to 6.7, then you should invest in this company. In this method, we learned that Warren Buffett uses the Net Net Method and invests only after calculating 33% of margin of safety in any stock.
The number six is good habits like saving money and avoiding debt, which are to create wealth. Warren Buffett believes that to invest, first of all you should have money, that is why you should invest 10% of your income on this money. Every month, as soon as you receive money, you should immediately transfer it to your demat account.
If you don't have a demat account, you can open one for free from the link given in the description. 10% of your current income may be nothing, but here, your intention matters more than the money. Warren Buffett has been investing since the age of 11, and in his time, there was no YouTube or internet to inspire him.
Secondly, you have to build your emergency fund, which should cover your expenses for 6 months to a year in your bank account. If your per month expense is ₹25,000, then at least you should have ₹ 1.5 lakh in your bank account for emergencies. This is an emergency fund, use it only for emergencies. Third, you have to buy insurance.
However, according to your budget, you can buy insurance for different life areas, but you have to buy two insurances: one life insurance, the other health insurance, and the other 7. Follow five simple rules to manage your savings. Divorce and World Protected Portfolio Now let's come to the last advice which is five easy rules to manage your portfolio.
The first rule is fund allocation. The first thing you have to do is allocate your funds according to how much money you need for investing in the future. You should not invest more than 10% in a single stock, rather you should diversify further. Thirdly, rank your prospects in different financial instruments.
For example, if you have liked 20 companies and you have shortlisted them for investment, then you will have to rank them based on your study and you should invest only in the top three or top five. Rule number four is to review your portfolio once a year. You have to follow some news about your invested company and you should also make adjustments as soon as you see some red flags in your portfolio.
Fifth is to sell your stocks based on price alone. A company is much above its stock price. You have to look at your investment in such an employee that you would fire someone. If they don't perform well for a day or two, or if the price of a company falls slightly, you should n't sell your shares on that basis.
The prices of outstanding companies drop from time to time, and Warren Buffett takes advantage of this situation and invests in stocks that are trading at discounted rates. So, let's do a quick summary of this video. This book is based on Warren Buffett's investing style. The first principle we learned in this video is that value investing is the foundation for Value Buffett's investing success.
Second, Warren Buffett always studies a company's competitive advantage in detail before investing in them. Third, Warren Buffett doesn't invest outside his circle of friends. Warren Buffett understands business language very well. Fifth, Warren Buffett uses the net method. Principle number six, we learned from this book that good habits regarding money are very important if you want to achieve stability in your life.
And the last principle we learned is five simple rules. So, I hope you liked this detailed summary of Manage Your Portfolio. If you like such details from us, then I would recommend two videos for you which you can watch right now. After this video, the first one is The Snowball Effect in which I have shared with you the complete journey of Warren Buffett.
The second one is the workhear Beyond Buffett. This book, Warren Buffett is a businessman today, not an investor. There is a complete study on this too. So, I will meet you in the next video. Till then, keep reading and keep growing.
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