I recently came across this collection of Value Investing lessons from 6 super investors in Udemy. So, breaking my small hiatus from writing with this post. Click on the picture below to go to the Udemy Course page.
This course is instructed by John Mihaljevic, Howard Marks, Mohnish Pabrai, Arnold Van Den Berg, Guy Spier, Rupal Bhansali and Tom Russo
Like many other good things in life, this course is FREE.
It’s a 5 hour course, spread out in nice little chunks of Videos of 5-10 minutes or even shorter in a seemingly random order. The longest one is only 14 minutes or so.
It is really worth going through each of these lectures/interviews. What you get is a wealth of wisdom concealed in the philosophy, habits and thought process they follow and describe.
The content of the course often go way beyond Value Investing lessons and touch upon some of the life’s fundamental truths. Just to cite an example, I was really touched by what Arnold Van Den Berg said below (emphasis mine):
“I believe today that if there’s a young guy that wants to start a business, if he’s willing to pay the price, if he’s willing to make the sacrifice, if he’s willing to do without some of the frills where people think are necessary, he is going to make it. You can’t help, but do good and not get paid. There’s no such thing in the universe. If you serve people and you do a good job and you love them and you take care of them like they are your family, there is no way you’re not going to make it. I don’t care who it is.
Now you need a certain level of intelligence, but you don’t need to be very bright. As a matter of fact, I don’t consider myself very bright. I never did well in school, I never did well on intelligence tests. As a matter of fact and I shouldn’t probably be saying this on camera, but my mother took me to one of the best child psychologists after the war because I had a lot of problems and he felt that I was permanently damaged in the brain because of malnutrition. I almost died from malnutrition. I always had this image of myself that I wasn’t very smart and the way I did in school proved that I wasn’t, but once I realized that if you dedicate yourself and you commit yourself, you can learn anything. Now I will admit this – whatever I learn takes me three times as long as anybody else, but if I spend three times as much time as anybody else, then I’m equal. I can learn it, just give me more time, more books.“