Chit Chat Stocks Chit Chat Stocks

On this episode of Chit Chat Stocks, we discuss Stanley Druckenmiller. The longtime investor put up 30% annual returns for 30 years, beating the returns of Buffett over that time frame. But is he the best investor ever?



We discuss:



(03:39) Early Life and Career of Stan Druckenmiller

(08:03) Lessons from George Soros: Mentorship and Position Sizing

(35:28) Summary of Druckenmiller's Investment Philosophy

(36:59) Being Asset Agnostic: Learning About Different Asset Classes

(40:19) Thinking in Probabilistic Scenarios and Waiting for a 'Fat Pitch'

(45:20) Considering Future Potential and Not Just Current Earnings

(48:05) Paying Attention to Geopolitical Events and Other Factors

(53:51) Comparing Druckenmiller's Philosophy to Buffett's

(01:02:41) Finding Your Own Investment Approach




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Subscribe to our YouTube channel: https://www.youtube.com/@ChitChatStocks 

Follow us on Twitter/X: ⁠https://twitter.com/chitchatstocks 

Follow us on Substack: ⁠https://chitchatstocks.substack.com/ 

*********************************************************************

Options are not suitable for all investors and carry significant risk.  Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date.  Certain complex options strategies carry additional risk.  There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, among others, as compared with a single option trade.

Prior to buying or selling an option, investors must read and understand the “Characteristics and Risks of Standardized Options”, also known as the options disclosure document (ODD) which can be found at: www.theocc.com/company-information/documents-and-archives/options-disclosure-document

Supporting documentation for any claims will be furnished upon request.

If you are enrolled in our Options Order Flow Rebate Program, The exact rebate will depend on the specifics of each transaction and will be previewed for you prior to submitting each trade. This rebate will be deducted from your cost to place the trade and will be reflected on your trade confirmation. Order flow rebates are not available for non-options transactions. To learn more, see our Fee Schedule, Order Flow Rebate FAQ, and Order Flow Rebate Program Terms & Conditions.

Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.

All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.

*********************************************************************

FinChat.io is The Complete Stock Research Platform for fundamental investors.

With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.

Use our LINK and get 15% off any premium plan: ⁠https://finchat.io/chitchat/?lmref=J3bklw 

*********************************************************************

Check out https://www.firmreturns.com/ for value-focused equity research 

Use our link and get a 20% discount on a premium plan: firmreturns.com/chitchat 

*********************************************************************

Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.

The Investing Power Hour is live-streamed every Thursday on the Chit Chat Stocks YouTube channel. This week we discussed:



(02:41) Struggles at Starbucks

(07:13) CEO Challenges for SBUX

(12:29) Warner Brothers Discovery

(25:30) Uncertainties and Competitive Landscape in Streaming

(33:26) Introduction and Discussion of PayPal

(37:15) Analyzing PayPal's Earnings Report

(44:50) Discussion of Match Group and Amazon's Competitive Advantages

(52:07) The Potential of Stripe and Adyen

(56:50) The Competitive Advantage of Amazon

(01:00:19) The Impact of Sponsored Listings on Amazon



*****************************************************

Subscribe to our YouTube channel: https://www.youtube.com/@ChitChatStocks 

Follow us on Twitter/X: ⁠https://twitter.com/chitchatstocks 

Follow us on Substack: ⁠https://chitchatstocks.substack.com/ 

*********************************************************************

Options are not suitable for all investors and carry significant risk.  Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date.  Certain complex options strategies carry additional risk.  There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, among others, as compared with a single option trade.

Prior to buying or selling an option, investors must read and understand the “Characteristics and Risks of Standardized Options”, also known as the options disclosure document (ODD) which can be found at: www.theocc.com/company-information/documents-and-archives/options-disclosure-document

Supporting documentation for any claims will be furnished upon request.

If you are enrolled in our Options Order Flow Rebate Program, The exact rebate will depend on the specifics of each transaction and will be previewed for you prior to submitting each trade. This rebate will be deducted from your cost to place the trade and will be reflected on your trade confirmation. Order flow rebates are not available for non-options transactions. To learn more, see our Fee Schedule, Order Flow Rebate FAQ, and Order Flow Rebate Program Terms & Conditions.

Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.

All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.

*********************************************************************

FinChat.io is The Complete Stock Research Platform for fundamental investors.

With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.

Use our LINK and get 15% off any premium plan: ⁠https://finchat.io/chitchat/?lmref=J3bklw 

*********************************************************************

Check out https://www.firmreturns.com/ for value-focused equity research 

Use our link and get a 20% discount on a premium plan: firmreturns.com/chitchat 

*********************************************************************

Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.

On this episode of Chit Chat Stocks, Brett and Ryan chat with Pieter aka the Compound Quality Twitter account. He and his team have a new book out on quality investing (link below), and Ryan and Brett had the pleasure of delving into the book and how quality investing can work over the long term. We discuss:



00:00 Introduction and Background

06:06 The Importance of Return on Invested Capital (ROIC)

13:17 Avoiding Certain Industries

37:07 The Art of Quality Investing



Compounding Quality Twitter: https://twitter.com/QCompounding



BUY THE BOOK: https://www.amazon.com/Art-Quality-Investing-invest-companies-ebook/dp/B0D236KYTT/ref=sr_1_1?crid=S55THHIFMFF9&dib=eyJ2IjoiMSJ9.17pBfqKeBDbPKzIzByrdV42gEOf2VsQpBET6zArNMK7ige9ruMn5CXf4LuzcBMg-v6rcJYY46BxcoRKnW4RkiZtngsvCO_MpjkGkIzIaaUTpSJEl4gdCHkvz_32B9VNTMtDvExRYHK2mguGy38RzdFzUY9VvyIMPRT_fE01HoFhuHuijYFVGt77O2F8Oumel594-DGupjtxobRotnoI-nmlT_3_QnOCVFXRN-CC3ddA.AxwNdDuu6AMpan10QB_Fk5BfZzzRmTSP7LnaXwR4TFg&dib_tag=se&keywords=the+art+of+quality+investing&qid=1714497711&sprefix=the+art+of+quality+investing%2Caps%2C140&sr=8-1



*****************************************************

Subscribe to our YouTube channel: https://www.youtube.com/@ChitChatStocks 

Follow us on Twitter/X: ⁠https://twitter.com/chitchatstocks 

Follow us on Substack: ⁠https://chitchatstocks.substack.com/ 

*********************************************************************

Options are not suitable for all investors and carry significant risk.  Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date.  Certain complex options strategies carry additional risk.  There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, among others, as compared with a single option trade.

Prior to buying or selling an option, investors must read and understand the “Characteristics and Risks of Standardized Options”, also known as the options disclosure document (ODD) which can be found at: www.theocc.com/company-information/documents-and-archives/options-disclosure-document

Supporting documentation for any claims will be furnished upon request.

If you are enrolled in our Options Order Flow Rebate Program, The exact rebate will depend on the specifics of each transaction and will be previewed for you prior to submitting each trade. This rebate will be deducted from your cost to place the trade and will be reflected on your trade confirmation. Order flow rebates are not available for non-options transactions. To learn more, see our Fee Schedule, Order Flow Rebate FAQ, and Order Flow Rebate Program Terms & Conditions.

Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.

All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.

*********************************************************************

FinChat.io is The Complete Stock Research Platform for fundamental investors.

With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.

Use our LINK and get 15% off any premium plan: ⁠https://finchat.io/chitchat/?lmref=J3bklw 

*********************************************************************

Check out https://www.firmreturns.com/ for value-focused equity research 

Use our link and get a 20% discount on a premium plan: firmreturns.com/chitchat 

*********************************************************************

Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.

The Investing Power Hour is live-streamed every Thursday on the Chit Chat Stocks YouTube channel. This week we discussed:



(09:19) The Cybertruck and Tesla's Future

(25:57) The Best Business in Big Tech

(36:12) Valuation of Visa and Mastercard

(43:39) The Chinese Real Estate Bubble

(53:14) The Impact of Higher Capital Gains Tax Rates



*****************************************************

Subscribe to our YouTube channel: https://www.youtube.com/@ChitChatStocks 

Follow us on Twitter/X: ⁠https://twitter.com/chitchatstocks 

Follow us on Substack: ⁠https://chitchatstocks.substack.com/ 

*********************************************************************

Options are not suitable for all investors and carry significant risk.  Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date.  Certain complex options strategies carry additional risk.  There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, among others, as compared with a single option trade.

Prior to buying or selling an option, investors must read and understand the “Characteristics and Risks of Standardized Options”, also known as the options disclosure document (ODD) which can be found at: www.theocc.com/company-information/documents-and-archives/options-disclosure-document

Supporting documentation for any claims will be furnished upon request.

If you are enrolled in our Options Order Flow Rebate Program, The exact rebate will depend on the specifics of each transaction and will be previewed for you prior to submitting each trade. This rebate will be deducted from your cost to place the trade and will be reflected on your trade confirmation. Order flow rebates are not available for non-options transactions. To learn more, see our Fee Schedule, Order Flow Rebate FAQ, and Order Flow Rebate Program Terms & Conditions.

Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.

All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.

*********************************************************************

FinChat.io is The Complete Stock Research Platform for fundamental investors.

With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.

Use our LINK and get 15% off any premium plan: ⁠https://finchat.io/chitchat/?lmref=J3bklw 

*********************************************************************

Check out https://www.firmreturns.com/ for value-focused equity research 

Use our link and get a 20% discount on a premium plan: firmreturns.com/chitchat 

*********************************************************************

Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.

On this episode of Chit Chat Stocks, Brett talks with Invariant's Devin LaSarre on the nicotine market and where the industry sits as of early 2024. They discuss:





(08:02) Regulatory Challenges in the Nicotine Industry

(30:20) The Potential of Nicotine Pouches and Next-Gen Products

(39:59) The Benefits of a Basket Approach for Investing in the Nicotine Sector

(55:26) The Impact of ESG Mandates on the Nicotine Industry



SUBSCRIBE to Devin's newsletter, Invariant: https://invariant.substack.com/



*****************************************************

Subscribe to our YouTube channel: https://www.youtube.com/@ChitChatStocks 

Follow us on Twitter/X: ⁠https://twitter.com/chitchatstocks 

Follow us on Substack: ⁠https://chitchatstocks.substack.com/ 

*********************************************************************

Options are not suitable for all investors and carry significant risk.  Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date.  Certain complex options strategies carry additional risk.  There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, among others, as compared with a single option trade.

Prior to buying or selling an option, investors must read and understand the “Characteristics and Risks of Standardized Options”, also known as the options disclosure document (ODD) which can be found at: www.theocc.com/company-information/documents-and-archives/options-disclosure-document

Supporting documentation for any claims will be furnished upon request.

If you are enrolled in our Options Order Flow Rebate Program, The exact rebate will depend on the specifics of each transaction and will be previewed for you prior to submitting each trade. This rebate will be deducted from your cost to place the trade and will be reflected on your trade confirmation. Order flow rebates are not available for non-options transactions. To learn more, see our Fee Schedule, Order Flow Rebate FAQ, and Order Flow Rebate Program Terms & Conditions.

Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.

All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.

*********************************************************************

FinChat.io is The Complete Stock Research Platform for fundamental investors.

With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.

Use our LINK and get 15% off any premium plan: ⁠https://finchat.io/chitchat/?lmref=J3bklw 

*********************************************************************

Check out https://www.firmreturns.com/ for value-focused equity research 

Use our link and get a 20% discount on a premium plan: firmreturns.com/chitchat 

*********************************************************************

Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.

The Investing Power Hour is live-streamed every Thursday on the Chit Chat Stocks YouTube channel. This week we discussed:



Chapters



(11:53) The challenges of scaling Starlink's satellite internet service

(38:01) Discrepancies between operating margin and free cash flow

(46:43) Ally Financial's earnings

(58:44) Netflix's Earnings Report as a good omen for other stocks

(01:05:14) The growth potential of the cloud computing industry



*****************************************************

Subscribe to our YouTube channel: https://www.youtube.com/@ChitChatStocks 

Follow us on Twitter/X: ⁠https://twitter.com/chitchatstocks 

Follow us on Substack: ⁠https://chitchatstocks.substack.com/ 

*********************************************************************

Options are not suitable for all investors and carry significant risk.  Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date.  Certain complex options strategies carry additional risk.  There are additional costs associated with option strategies that call for multiple purchases and sales of options, such as spreads, straddles, among others, as compared with a single option trade.

Prior to buying or selling an option, investors must read and understand the “Characteristics and Risks of Standardized Options”, also known as the options disclosure document (ODD) which can be found at: www.theocc.com/company-information/documents-and-archives/options-disclosure-document

Supporting documentation for any claims will be furnished upon request.

If you are enrolled in our Options Order Flow Rebate Program, The exact rebate will depend on the specifics of each transaction and will be previewed for you prior to submitting each trade. This rebate will be deducted from your cost to place the trade and will be reflected on your trade confirmation. Order flow rebates are not available for non-options transactions. To learn more, see our Fee Schedule, Order Flow Rebate FAQ, and Order Flow Rebate Program Terms & Conditions.

Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.

All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.

*********************************************************************

FinChat.io is The Complete Stock Research Platform for fundamental investors.

With its beautiful design and institutional-quality data, FinChat is incredibly powerful and easy to use.

Use our LINK and get 15% off any premium plan: ⁠https://finchat.io/chitchat/?lmref=J3bklw 

*********************************************************************

Check out https://www.firmreturns.com/ for value-focused equity research 

Use our link and get a 20% discount on a premium plan: firmreturns.com/chitchat 

*********************************************************************

Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.