William

As I was growing up, my dad was with real estate. He was in real estate his whole life so I was taught that real estate is a good way to build wealth. I always wanted to go into the real estate business. I actually wanted to do investment banking but it’s so infuriating to just look at math all day.

So, I got more of a banking job with sales, which I love a lot more because it was still around finance. I started watching a bunch of YouTube videos and Jeremy popped.
Over the past year, I followed his YouTube channel and learned a lot from it. I am now approaching 900K total and I started to buy a house and cars. Actually, just put 100K out because I will be buying a house here shortly.

Then, as I got into the intelligent investor, I started to pick more specific equities. I’m a video game nerd so, one of the first things I thought was a blizzard, which did really well.

I wouldn’t mind doing a. Thanks for taking the time out and hopping on your feet. So tell me about your recent journey, how you get started. Yeah, so I my dad growing up, my dad did real estate his whole life.

And so I was always taught like real estate, real estate, real estate, real estate. And so I always wanted to go into real estate. And I graduated from high school. My grandfather gave me $1,000 for graduating.

And then he showed me to open a fidelity account for me. So I started with $2,500 and I had saved money from working and knew nothing about equities. And so I was in college and really the only ones I just bought a bunch of investing books, one being the Intelligent Investor.

Let’s be honest, the first one was online investing for dummies. And so one of the things that I thought was extremely profound and one of the books was that basically the difference between the rich to the middle class is the middle class teach their kids equity or they teach our kids real estate.

Right real estate is the best way we real wealth. You could touch it. And I was reading this and I was like, my dad said that verbatim. And the rich teach their kids equities business and how to do things like that.

And there’s basically a math problem there that was like, if you know the rule of 72 for investing. Write the difference between stocks and equities is the difference between, you know, they did the difference between six to 12 percent, which is a little bit skewed, probably more from the difference between 9% to 12%.

But basically the difference was an extra four doubles over the course of your life. So if you do real estate, real estate, that’s great. I mean, real estate is a good way to build wealth, but it’ll double about anywhere from four to six times in your life.

So let’s say you have 100,000 saved. That’s 102 004008001 point six, where if you do equities, it’ll double anywhere from 8 to 10 times, which is the difference between one point six, 12 point. Right and so I looked at that and I just thought that was so interesting.

And so I read the Intelligent Investor start investing. I coached wrestling. And so basically every dollar I had, I put into stocks until the point where I actually graduated college with over $200,000 and that, yeah, it’s just someone who is just like super passionate.

I went to school for finance. I actually wanted to do investment banking. And to be honest, I just I got an internship. I just hated it because all you do is stare at Excel spreadsheets all day. And while I love numbers, it’s so infuriating to just look at math all day.

So I got more of a banking job with sales, which I love a lot more because I was still around finance but always, always invested. And that as someone who just loves equities, I obviously was on like a bunch of YouTube. Jeremy popped.

So I started watching his videos and. Yeah, over. Over the past year, currently approaching 900,000 total and looking to buy a house that actually just put 100,000 out because the buy a house here shortly. But, yeah, that’s kind of been my thing.

And I’m one of those people that anyone I talk to about investing, I just want to shut the fuck up about it because I just love equities. Same here. So tell me about your investing style that you always start off in the long term or be getting through college. So, yeah, no, never traded.

I’m a Warren Buffett curious value investor to myself. I actually started out with mutual funds because I didn’t I didn’t know any better and I just picked I actually did biotech mutual funds when it was like really hot in 2012 because it was just some of the best performers did really well.

And then as I got in the intelligent investor, I started to like pick more specific equities. I’m kind of a video game nerd. So one of the first things I thought was blizzard, which did really well.

And then, yeah, basically just like bought, you know, low PE low debt. Companies that I used, right, so I got like Apple held that for a very long time. Blizzard was one I don’t know if you know of.

I don’t know if you know of God. I can’t think of it. Cyberpunk, 2077 yeah, so they’re Swedish, but, you know, I heard about that something. Yeah so invested in them, which I, they pay out a dividend.

So I have like I don’t even know how to get into that. I have a couple of Polish zloty in my account because I pay dividends that like I don’t even know what to do with. But on the datsyuk performance with the game kind of having a lot of glitches.

So yeah, it fucking tripled but I sold out after they extended it. So basically you buy on rumor, you sell on fact. So I first of all, I love the Witcher series. It’s a great series and I invested in that one, because it was trading so goddamn low and that triple that I was kind of looking at the price and so overvalued.

And they said there was going to come out and it skyrocketed and. Yeah, absolutely. If if it came out and it did well, it could probably there’s probably another 100% upside there, but I was up 3% And I kind of just pulled out because at the time there’s a lot of uncertainty.

And so I just kind of cashed out and I held it for three years. So it was like, I’m OK. And now tell me what happened to your strategy when you found that you started getting into more growth stocks on. Not really, to be honest, I’m not a Tesla fanboy.

I think that company is super overvalued. I did like I do like the bullish thesis on EV cars. And so I went a little bit farther down the pipeline. And so instead of investing in know EV because it’s just a super overvalued market, even back when it was at 200 I actually invested in lithium miners because of lithium miners are trading like super cheap.

So I was like, well regardless of tacitus, good or not, they’re going to buy lithium and they’re going to make cars. And so this company to profit regardless and they’re going to pay me out of 3% do it at the time.

So I bought lithium miners, but I really use a lot of the time I just use it for like stock screenings. So, like, Nordstrom was a great warm. And so it kind of just use his to say, OK, what is he looking at?

Because if he does, to be honest, he does a lot of value stocks. I would say he was born of value stocks probably two years ago. I say recently he’s got a little more speculative. So that’s kind of been like, you know, not really my style of investing.

And so he’s definitely one of the channels where I like his fundamentals, because I think fundamentally he bases that everything on the intelligent investor, which is good. And I think in the past that showed a lot more recently, like I have no interest in penny stocks, in high growth stocks, especially in this environment.

I’m kind of I’m kind of not apocalyptic, but I’m a little and she’s a believer in the US like long term. Absolutely but I think we’re going to see some real weakness here. Probably 10 years out. I could see a hyperinflation crash like a market crash with hyperinflation.

So I’ve been buying more. You know, I bought value placed before people were buying value plays in January because, like, I was just looking at these growth stocks and like I’m shorting a lot of stocks right now because it’s like how are they so overpriced?

Know interest rates going to these things you can get. Absolutely and so while I’m trying to protect myself from the downside, I basically just like instead of shorting, like the general market, I’ll short the stocks that like when there is a downside, they’re going to get crushed.

Right so. So what are you shorting right now? Shorting dash DoorDash. So that’s my Big Short. And then I kind of want to buy I kind of like 1% hit for fucking purposes, but I have a pretty positive the market’s going to be down on Monday and Tuesday until Powell says, I’m probably just not going to do anything about yield curve control.

But he’ll probably say something before he does something because it’s going to basically warn the kids to play nice before you actually put something in. I think once he says something, the interest rates to cool off.

And I think until then, they’re going to test him on Monday and Tuesday. So it’s kind of been my strategy. So you I’ve kind of been rebalancing. I’m I, I just kind of the Warren Buffett rule, which is like your age minus 100 to balance your bonds to stocks.

So like, if you’re 30, you’re 70% stocks, 30% bonds. And right now I’m about 64 and I’m 27 and storm 60-40 40 cash, which will probably be a little bit, probably more like 55. 45 But I’m trying to buy a house, but that just kind of shows you like how bearish.

I think I am in the short term everyone says it, but when Charlie Munger says something, you know, he never comes out and always, everyone’s always like this would have caused the crash. But remember, start saying something about the market.

You listen, right? Yeah I don’t think it’s like. Yeah, like everyone’s like crash and downturn. Absolutely Yeah. So what are some of your biggest businesses right now? So oil bought Exxon. I’m super bullish thing.

Yeah, I bought Exxon before the rip, I was actually bragging about the discount and I was trying to tell people like buy fucking oil because I’m soup, first of all, super into clean energy. I absolutely love it.

But I was looking in November and I was like, oh, Biden’s going to buy them one. All these if you place one up in oil tanks and they’re like they’re going to completely regulate oil. It’s going to go to the dinosaurs.

And I was just looking at that and I was like, yes, long term. But one of the people are so politically biased that I think one of the most overstated, one of the most overstated risks are political risks, because people are like they’re so ensconced in their own political values that it’s going to go away.

And I was looking at it and I was like, there is no way you open this economy in one year. And everything’s just like the only way you could kick start this economy is if you do it off the back of oil.

And I think his regulation on oil is just going to help the oil companies because it’s going to be like oil companies. They can shut down wells and profit off higher prices. They would rather have higher prices and less production because it’s not as easy was actually not as great for the oil companies.

Was Trump letting all these oil companies pump because they had to do the production and they were only at 50 or $60 a barrel, and so their margins very low, where they would rather shut down 90% of their wells, have a couple of wells open and they’re 50% margins.

And so they’re absolutely crushed that a lot of these are highly debted companies. And with inflation and high prices, they’re just going to be able to absolutely pay off these debts.

So one of the companies I have is Exxon and then another one’s et, which is a pipeline company, which is, again, is super far down because they’re because it’s capital that could Access Pipeline. Everyone’s like, oh, they’re going to get sued and they’re going to go bankrupt.

And like, they’re the absolute largest pipeline company. And 20% of their profit comes from revenue, comes from clean air or natural gas. And so when the and they were trading for like 12 and my bottom, they’re trading like five. And so it was like there’s absolutely no way with high prices.

And then when travel just skyrockets when this comes out that this company does not double to triple. I have like a 16 and my friend does. The reason I found this one is my friend does. I have a friend who went into hedge funds and he has access to Morningstar, and so I get all their analyst reports and a Warning.

So I was like a $20 price tag that’s a little high. But I was looking at it was like this company is going to crash. So that’s another big one. I do like Dropbox. I do have a fairly large position in Dropbox.

I bought the upper p low cash, buying back dividends or buying back shares. I think Jeremy’s absolutely right on that one. What’s another one? Disney about Disney below 90, which was great WBA. I thought that was another solid one.

Again, value play there. See what I have. Dasch puts Facebook about Facebook back when it’s actually funny. So Facebook was one I accidentally built into a huge position because I always double it when it’s a 10% drop.

So I bought it in 2018 when it dropped and then it dropped 10% and it doubled it again and then it dropped 10% and that doubled it again. And I remember it was 125 and I was sitting in the airport and I had like.

$50,000 like it would have been like 70% of my portfolio and I’m just looking at this and I go like because the rules were like, you need to double every time it drops down to sitting there looking. And I’m just like, I can’t do it.

Like, I can’t have a position this big. So I didn’t do it. And the next day was up 10% The next day I was up 10% Next year up 10% I have like a leg up. I have like a low 50s price on that. And I’ve just been holding it forever, but got it. I just remember that.

So I have learned this in Facebook, held that one forever. And then a couple of like plays is I have a friend who is a bioengineer and he basically told me about solid bioscience. They are a biotech company that is they because have one product.

It’s a drug for muscular dystrophy. If the drug does well, it’s kind of 10-fold. If the drug doesn’t do well, it’s going to turn to shit. But I have three grand and that’s like a very small position, so.

Yeah, those are, you said, the largest right now, I think Facebook the largest, but I think I might have put the most into Facebook because excellences or Facebook’s just got one money before. It was a lot.

What percentage of portfolio is facebook? Now more than 20% I think I have. I have. 90 8,000 face. Doesn’t that Jeremy gave you those good option plays right there in Dropbox and then Facebook, so I don’t I don’t do options.

I was actually on Facebook before, like, Facebook’s kind of whatever he got me. Definitely got me on the Dropbox for sure. But I say option, some value, but what’s some key lessons you learned from Jeremy so far?

On yeah, I mean. I think a lot of what he says he didn’t rip off because I say the same thing when I talk to you about that, because I’m like, I’m not smart. I literally just copy this book like a book that was like how to be in amazing shape. And you did it and like, you got in amazing shape.

You’d be like everyone to read. This book was the best book ever. And so when I talk to them like this, I’m not like you don’t love. It’s like I don’t know that much better because I read this book and I read this book and I’m like, oh, he’s not smart, you just copies.

And I think that’s a lot of what Jeremy does, which which is totally fine, and he admits it. And so I like that. I would say as far as what I learn, definitely brought equities to my attention, definitely in good voice of reason.

When the market does crazy shit, everyone freaks out and is like look like he definitely comes out. So I was like, yeah, like that’s going to do this, it’s going to do that. But like, who really cares.

So that’s always good to hear when people talk is obviously news and stuff, they’re going to hype it up. So that’s how. Yeah how he returns last year annually. Like two dozen, 19, 20, 20, 20, 20 years, more than 90.

I think I started the year probably around 350 because I actually hit the nail in the coffin because the market was skyrocketing at 20, 20. And I was looking at the yield curve and I was like, I should rebalance here.

Like, I absolutely should rebalance. And so I sold a large percentage of my positions and got down to about 70, 30 cash and probably even a little bit lower than. Yeah, I was cash heavy in the market crash. And I of the office was like.

Oh, I don’t know, and I was back at Disney and I was behind the and I was buying and I didn’t honestly, I Luber dropped to 14 and then. And then it went up to 20 next day and I had a bunch of smiles, so I usually start in positions like 5,000 at a time. And as it drops, I’ll double.

And I had like probably four or five stocks that were like five grand off by 5 by five, Uber up by delta by 5. Cool about five at this. And had all these positions actually sold a lot of those off after they went up 100 percent, which was dumb.

But I was looking at them and I literally just thought about it and I was like at long term I don’t believe it over. I think they’re, they’re not a value play. Google I probably should have held, but I was so overweight in tech that I was like, you had Apple at Google had all these. So I was like, sell that one off.

So I bought a lot of things in March and then absolutely crushed it. And then I’m approaching seven figures. Awesome I’m glad to hear and so so someone who has never seen Jeremy, how would you describe in a few words, someone who’s never seen Jeremy, how would you describe them if you were asking him?

Yeah, as someone who’s never seen him on. John oh, I don’t know the guy, it seems that he seems. He’s got a thirst for learning, and it’s hard to explain a few words, I would say. I don’t know if we’re going to watch and they’re going to have honest feedback, this is what I would say. I would say two years ago he was very into more value plays.

And I really liked in his plots his mind. I followed him. And if you like, for the millennial investor, if you watch all four of those guys talk, I always feel like the quietest person in the room is always the most intelligent.

And he probably speaks the last of everyone having gramps. And I feel like he disagrees with a lot with what they say. And I think he knows this shit. I would say more recently he has been in more speculative plays and maybe he has a bunch of cash going in.

But I would think he needs to be careful with pushing things. And he no, I’m sure he knows this, but he needs be careful of pushing things like giggity and just calm down a little bit, because those are.

Looking at those, those are highly selective, if not straight gambling plays and pushing those too much dropping Easter eggs, I don’t know, questionable, I would say. And so I liked that when is like I like this company because it’s got good values.

It’s clearly good value buy it. But like hyping things up, he’s a little sales like I mean, he’s definitely sales for sure. So I would just kind of worry about it now seems a little risky. There So it’s not really like one or two words, but I feel like the vibe I’m trying to portray this properly said there.

So I feel I mean, growth, growth stocks aren’t always the same. You know, they always sort of trade routes like Amazon’s always trip over 100. And so it’s harder to really from a value aspects. It’s hard to evaluate those. Right yeah, but he I feel like he’s in the right space for some of those picks.

But again, he said himself, that is a small position and we’ll see what happens with that. But when it comes to like, again, not smart, just wrap this up, but if you look at Warren buffet, the science, right, if you look at baseball and you have, let’s say the screen, right.

This is if you hit it, it’s a strike. Right as long as it’s on the screen, if you took that and broke it into 125 different hexagons and then you just took 32 in the middle. Right and you only swung at balls that came in within those 32 hexagons within this 128 hexagon your average baseball player would hit.

I think it’s like 600 or 6,600. Right which is the best batting average ever by far not even close. I think that the top batting average is like maybe four. And with baseball you’re obviously a disadvantage because if you don’t, if you don’t swing, then you get a strike and three strikes, you’re out. Well, in investing, you don’t have to swing, right.

You can have Amazon and Apple and all these balls getting thrown at you and you only ever take a strike if you swing. And so you can sit there and wait for a ball just right down the center and hit it. And your chances are absolutely amazing. And with growth stocks, people say their value differently and this and that.

And then you get something like Tesla, Francisco, we should talk about Tesla. And I didn’t buy Tesla. And it goes up and it’s like, see, you’re wrong. What do you know about investing?

And it’s like, I do not give a shit. Like, I do not care, because the point number one rule, real money, is to not lose money. And the number two rule is don’t work. So I’m not trying to make tons of money. I’m trying to not lose money to inflation at all.

I’m trying to do to hold money at most. And if I make money, that’s great. And so what were these growth stocks for me? I just I’m more and I have friends that are 3% this year, 4% And I’m like 100% And I will take that every single day because I think the market could have gone a bunch of different ways this year.

And the equities I picked are going to do good regardless because they’re just they’re low debt. They’re good. They already have earnings. I think something like Dropbox is a perfect example of a growth of value play that makes sense to me.

But these other ones are I mean, they’re probably out of my circle of confidence. People probably know what they’re going to crush it up for me when I hear things call their valued differently. And this and which is true, I just value differently just means more risk. Like when I hear that word, I just say, yeah, Yeah.

So that’s MIAD is that rescored. Right so what do you think you’re missing right now? Take it to the next level in your investing training. What do I think I need to do? Is there something you think you’re missing right now? Yeah, I mean, there’s honestly a bunch of stuff I, I really don’t.

I really don’t use options the way I stood for proper hedging, I would like to get better in other asset classes like specifically like fixed income bond products. I’ve always been very, very minimal knowledge on bond products because they’re just long term a bad investment. And I’ve always had such little cash and I haven’t had to go heavy into bonds.

And I think there’s some really could buy you could buy like treasury bonds to buy it. So I think learning that international equities, I’ve always been buy American. So I would really like to see a better life valuing international companies, something I’ve been like researching heavily in Africa.

I think that could be some stuff. But there’s political risk there, which always worries me because you just don’t know. So I would say my big and I mean, I’m sure growth stocks are probably a huge weakness for me there because there is money to be made, but.

I probably rather just play it like, even though, I mean, I probably should learn it and then just not use it, but it’s just a little risky. But I would say bioproducts. The proper use it uses of hedging for options and that international markets are something that I tend to lack.

That’s what I felt like that and also any closing remarks you want to make? Anyone watching any messages? The winter’s coming in with possibly. Yeah, I don’t know, I would say to I would say to Jeremy, just like those more speculative plays, like I’m sure people told it was just is his brand has been those value plays, which I like.

And then they’re pushing these companies and you’re just looking at it. And this is just not what originally happened. And it’s more like your normal use to it pushed, which is like I mean, yeah, my tax.

But like if might go to zero originally followed because of its like hard core value and Intelligent Investor. And then just people in general, I mean. If you are not investing, you are losing money through inflation and you have no life, you just don’t know yet.

And I wish more people understood finance because I think it would hurt like a lot less people would be hurt in the world if they just understood because. Whether you like it or not, every decision is an economic decision and it’s going to have repercussions in the future. It just it worries me.

I agree, I agree in terms of Jeremy, I feel like he’s been in growth stocks for a while. 2018 He was really pushing Tesla, you know. Yeah, pestles like his one his one gross stock, which made a lot of videos on it when he made teszler videos, I would like to take you out to the AIDS test site as watch because like, I agree.

I agree that, like, it’s the future. And I have friends of Tesla cars, it’s great and that’s awesome. But again, it’s the science of hitting and you know, they had a bunch of debt and their revenue numbers. And I was just kind of looking at it.

And then I was just like, it’s just not now. That doesn’t mean I wasn’t before the is right. I go to albermarle, which was a lithium ion there. They did trying to take care of that. Like, yeah, I think there’s definitely profit here.

But if you go a little bit farther down the supply chain, you could find, you know, and that’s actually one of the things they talk about a lot of these books is instead of buying the product, you buy the supplier to the product, because a lot of times they’re going to have just as high revenues and not be so overpriced until the revenues actually come.

So like when Tesla super overvalued or is trading super undervalued and then once they actually start being profitable, then albermarle, like three folded. And so I just thought there was less risk there and like, OK, I missed out on 1,300 percent, but I mean 300% And I think the risk for that is. Is fine.

So listen to serious logic without perfect example, a perfect example, because, like what? I think Apple is trading pretty undervalued. I actually bought Apple so much the same way I bought Apple in 2012 when I found out Berkshire Hathaway was buying and I was like, yeah, they’re buying like Apple.

2020 1,000 Apple when it was $100 a share pre split. So I’ve been very nice there. William, thank you for hopping on air and taking the time to talk to me. Thanks for the Chapman. We appreciate it, man.

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