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Max Koh

29 Nov, 14 tweets, 8 min read

I got bitten by the investing bug years back.

Ever since, I've listened to >200 podcast episodes over the last 3 years.

Thank god for airpods!

Anyway, I found that 99% of them are so-so.

But here are my top 12 investing podcast episodes that have made a lasting impact:

@tseides

1. Paul Black from WCM, interviewed by @tseides

IMO, the people at WCM including Paul Black, @mbtrigg , Mike Tian, Kurt are highly underrated!

Key concepts:

- Importance of tailwinds
- Moat trajectory > moat size
- Culture must be aligned with moat

open.spotify.com/episode/4FXtu2…

@DavidGFool

2. @DavidGFool on finding rule breaker stocks

David Gardner is an amazing investor who can simplify ideas well.

Key concepts:

- The 6 traits of rule breakers
- Why it's ok to buy "expensive" stocks
- What it truly means to call yourself an investor

open.spotify.com/episode/4bwyON…

@_ram_

3. @_ram_ on how to invest in internet scale businesses

Ram's episode taught me how to find great businesses in the consumer tech space.

Kep concepts:

- Find products that reduce friction
- Strong customer love + pulled off the shelves

open.spotify.com/episode/05tbDV…

@JohnHuber72

4. @JohnHuber72 on investing in great businesses

John is one of the few investors who influenced my investing philosophy A LOT.

Key concepts:

- You don't need to find undiscovered gems to profit
- The best investments come from the best businesses

open.spotify.com/episode/53wuZC…

@SlingshotCap

5. @SlingshotCap on using multiple data points

Kelvin is the first person who opened my eyes to growth investing.

I credit a lot of my progress to him.

Key concepts:

- Using alternative data for research
- Don't get scared by high valuations

open.spotify.com/episode/4apvLV…

@realdennishong

6. @realdennishong on mental models for internet stocks

This gave me a framework for analyzing businesses with multiple constituents (suppliers, customers).

Key concepts:

- Ecosystem control
- Aggregation businesses
- Specialize in business models
open.spotify.com/episode/17Zaab…

7. Chong Ser Jing on finding great companies like Amazon

SJ is an investor who knows his companies extremely well.

I'm always in awe when I listen to him breakdown companies.

Key concepts:

- His 6 Investing criteria
- Importance of good management
open.spotify.com/episode/0spE0e…

8. John Harris on importance of imagination

This is my fav episode of 2021!!!

I listened to it more than 3x.

Kep concepts:

- weakness of DCFs
- Why investing is more about the heart than mind
- find management who does right by the customer

open.spotify.com/episode/4mEa5x…

@Anrosenblum

9. @Anrosenblum on concentrated portfolios

If you have time, I recommend reading Andrew's investment letters.

It is a real masterclass in deep research.

Key concepts:

- Doing scuttlebutt
- Holding only a few positions
- Knowing your companies well
open.spotify.com/episode/0e7Ojl…

@EugeneNg_VCap

10. @EugeneNg_VCap on investing in the future

I was blown away by the amount of diligence Eugene puts into research.

Key concepts:

- Finding multi-baggers
- Reading annual reports cover to cover
- Writing your own investment thesis of stocks you own

open.spotify.com/episode/1VQO7d…

@honam

11. @honam on thinking like an owner

WOW! Another solid episode.

Ho Nam breaks down his reasons for owning Roblox...

Along with how he blends VC investing with grounded fundamentals:

Key concepts:

- Long term thinking
- Balance growth with cashflow
open.spotify.com/episode/5kMcoV…

@morganhousel

12. @morganhousel on psychology and behaviour

Morgan might not be a growth investor.

But I've become a better investor by reading his books and articles.

Key concepts:

- Time is the greatest wealth vehicle
- It's ok to fall in love with your stocks
open.spotify.com/episode/0MiVRJ…

@heymaxkoh

If you like this, follow me here at @heymaxkoh

I share how I crossed 7 figures before age 30, and achieved my own version of financial freedom.

Stuff I tweet about:

• My investing strategy
• Books that inspire me
• How I built high income skills i.e. public speaking

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More from @heymaxkoh

Max Koh

@heymaxkoh

28 Nov

@NFX

This 1 concept from @NFX has been life changing for me:

If you’re feeling “stuck” in life, evaluate your NETWORK!

It's made me more aware of people I surround myself with.

Here’s 4 things to understand about how “Network Effects” work, and how to use them to score in life:

Overview of the 4 things we'll cover:

1. How networks form in your own life

2. 3 types of network levels and how they reinforce each other

3. Crossroad moments when your networks are created

4. How you can use network effects to your advantage

Let's get going...

1. Firstly, it’s crucial to understand how networks form:

i) Frequency - the more frequently you interact with someone, the stronger the bond

ii) Density - the number of people in a certain space or neighbourhood
.

The greater the density, the stronger the network.

Read 15 tweets

Max Koh

@heymaxkoh

27 Nov

If you're feeling panic and fear during these turbulent times in the market, here's a quick tip I hope will help:

Write down 1-2 sentences WHY you own the companies that you currently hold in your portfolio.

(continued...)

Honestly, this should have been done before you even bought the stock.

But if you didn't, it's a good time to do it right now.

After writing your 1 sentence reason, then list down 3-4 key variables that you expect this business to execute to show the thesis is still intact.

I find this helps calm your nerves because writing forces you to clarify what you truly think inside your head.

In times of market volatility when I feel affected my market noise, I go back to my central word document and review my reasons for investing.

Read 5 tweets

Max Koh

@heymaxkoh

21 Nov

3 quick tips to help you conduct amazing Zoom presentations:

In my 9-5 job, I speak for a living.

Before COVID, I used to do live seminars for 100s of people each week.

Been doing so for the last 9 years.

Today, it's all on Zoom.

Here's how to engage your audience virtually:

1. Make them turn on cameras

I give the audience an incentive to turn on their cameras.

(i.e. a prize or digital product).

It makes them know you can see them.

And you can call them out and have a conversation in the class.

They feel more connected.

So do you.

2. Stop the screen share

When you're teaching content, the slides are important.

But when you're telling stories or doing activities, stop the screen share.

It makes your face bigger (spotlight yourself).

They can also see the other people in class.

They feel more engaged.

Read 6 tweets

Max Koh

@heymaxkoh

20 Nov

1/ Thread: Leadership is a personal growth engine in disguise.

Want to know where your biggest character flaws are?

Get into leadership or management.

Here's why:

2/ I’ve never built a business from the ground up.

But have had the good fortune of helping to run and manage one.

It helped me discover where I suck.

3/ No, I’m not talking about the areas where you lack skills or competency.

Those are easy ones to overcome:

stuff like being weak at numbers, poor in planning, inability to look at the big picture, speaking to clients.

Those gaps can be filled over time, for the most part.

Read 11 tweets

Max Koh

@heymaxkoh

17 Nov

My thoughts on Sea Limited's $SE Q3 earnings.

Took some time to digest the financials and the earnings call.

Here's the breakdown and my take:

1. Garena

Bookings last 5 quarters:

0.94b, 1b, 1.1b, 1.2b, 1.2b

(increase of 55m, 100, 100, flat)

YoY growth: 108%, 115, 68, 27

QoQ growth: 6%, 10, 9, 0

* Bookings growth is stagnant

2. Garena Quarterly active users:

572m, 611m, 648, 725, 729

(increase 38, 38, 76, 4)

YoY increase: 72%, 61, 45, 27

QoQ: 7%, 6, 12, 1

* User growth also stagnant

Read 16 tweets

Max Koh

@heymaxkoh

15 Nov

Before going into $SE Q3 earnings...

Here's a review of last quarter's transcript (Q2 2021)

I hope this helps refresh your memory.

Here's 5 things that stood out that's good to keep in mind:

1. Free fire is not affected by competing battle royale mobile games

FF has competitors since some time back.

But they don't see any effect because people don't treat FF just like a shooter game.

It's a place where they go to hangout and socialize, enjoy new content.

2. Much more room for monetization

Shopee still has lots of ad inventory.

Many of their sellers are not educated about ads and promotions.

So penetration is still low, and there's a long runway ahead to monetize.

They don't have to raise commissions and taxes just to make $$.

Read 9 tweets

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