The Direk Khanijou Show

What I learned from reading Other People's Money: The Banks, the Government and Dome by Peter Foster.

Welcome to my podcast!This episode is about the hidden risks in owning long-term bonds.Learn more about me: direk.khanijou.com

I recently turned 30 years old and on my birthday I shared a list of 30 quotes that currently resonates with me.The quotes are from various books, articles, podcasts and movies.I hope you enjoy my list and feel free to share your favorite quotes with me.PDF: 30 Quotes That Resonate With MeLearn more about me: direkkhanijou.com

Best books I read in 2023:Never Finished by David GogginsShowboat: The Life of Kobe Bryant by Roland LazenbyBorn of This Land by Chung Ju-yungLearn more about me: direkkhanijou.com

On 28 Nov I had the honor of being the guest speaker for the Outstanding Cambridge Learners Awards Ceremony. These awards were given to students in Thailand who excelled in their IGCSE, AS and A Level exams.The event was held at Shrewsbury International School in Bangkok where I gave a short talk called "Some Advice." It was fantastic to be back at my high school and it brought back many fond memories. Thank you Cambridge and Shrewsbury for this wonderful opportunity!Click here to open the slides to follow along.

Direk Khanijou talks about what he learned from reading Harriman vs. Hill: Wall Street's Great Railroad War by Larry Haeg.

Direk Khanijou talks about what he learned from reading The Great Beanie Baby Bubble: The Amazing Story of How America Lost Its Mind Over a Plush Toy - and the Eccentric Genius Behind It by Zac Bissonnette.

Direk Khanijou talks about investment trusts from the 1920s and the dangers of reverse leverage.

What I learned from reading Driven by Larry Miller[0:01] Larry Miller's insane work ethic[3:45] Buying the Utah Jazz[6:57] Personal finance advice[8:30] Larry Miller's biggest regrets in lifeLearn more about Direk Khanijou at www.rbxinvestments.com

In this episode Direk shares what he really thinks about mutual funds and SPACs. He also shares what he's reading and watching on Netflix.[Recorded April 2021]Learn more about Direk Khanijou at www.rbxinvestments.com

Direk talks about how short selling works and why he will never short stocks.[Recorded April 2021]Learn more about Direk Khanijou at www.rbxinvestments.com

Direk talks about the legendary career of basketball coach Dean Smith and the lessons he learned from reading The Carolina Way.[Recorded March 2021]Learn more about Direk Khanijou at www.rbxinvestments.com

Direk talks about the appeal of luxury brands such as Ferrari, LVMH and Estee Lauder.[Recorded March 2021]Learn more about Direk Khanijou at www.rbxinvestments.com

Direk talks about the role of news and macroeconomics in investing – and how he think about them.[Recorded March 2021]Learn more about Direk Khanijou at www.rbxinvestments.com

Direk talks about the restaurant industry, competition, metrics, and more.[Recorded Feb. 2021]Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is about dividends. Direk talks about dividends from the perspectives of investors and management.[Recorded Feb. 2021]Learn more about Direk Khanijou at www.rbxinvestments.com

Direk discusses The Tulip Mania, The Japanese Asset Bubble, and The Dot Com Bubble. He talks about why it's so hard to stay on the sidelines and his idea for reducing the frequency and magnitude of future asset bubbles.[Recorded Feb. 2021]Learn more about Direk Khanijou at www.rbxinvestments.com

Direk gives 3 examples of companies that were engaged in fraudulent behavior (Theranos, Enron, Luckin Coffee) and discusses what the warning signs were.[Recorded Feb. 2021]Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is about my 2015 investment in the common stock of Fiat Chrysler. [Recorded Feb. 2021]Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is on acquisitions. Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is on mark-to-market accounting at Enron. Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is about how Direk thinks about management. Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is about stock splits. Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is about The Stanford Marshmallow Experiment and the importance of delayed gratification. Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is about corporate governance and my thoughts on independent board directors. Learn more about Direk Khanijou at www.rbxinvestments.com

In this episode Direk talks about the insane valuation placed on Microsoft's business during the dot com bubble. Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is an introduction to banking. Direk talks about deposits, loans, and leverage in banking. Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is about how to think about developing your own style of investing. Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is an introduction to financial statements. Direk talks about the importance of accounting and what each of the three financial statements represent.Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is about my reading habits. I talk about how I decide what to read, why I always mark up my books, the importance of reading and more!Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is about a key principle of value investing called Mr. Market. This is a Ben Graham idea who wrote about it in Chapter 8 of The Intelligent Investor.Graham said we should imagine stock prices as coming from a fellow named Mr. Market who is your partner in a private business. He has 3 great qualities 1) he offers you an identical buy-sell price 2) he has these crazy mood swings and 3) he doesn’t mind being ignored.Learn more about Direk Khanijou at www.rbxinvestments.com

This episode is about a key principle of value investing called Margin of Safety. This is a Ben Graham idea who wrote about it in Chapter 20 of The Intelligent Investor.I explore the different sources of margin of safety.Learn more about Direk Khanijou at www.rbxinvestments.com

This video is about the role of luck in life and investing.Topics covered:-The different types of luck according to Naval Ravikant-Michael Mauboussin's framework for spotting games that are all luck, pure skill or some combination-The role of feedback in sports and investingLearn more about Direk Khanijou at www.rbxinvestments.com

This episode is about stock options, executive compensation, and dilution.Topics covered:-Why most stock options programs don't align the interests of management with shareholders-How stock options are dilutive to shareholders-How stock options can incentivize bad behavior-Stock option accounting-Why I look at the share count over timeLearn more about Direk Khanijou at www.rbxinvestments.com

Topics covered:-Ben Graham's definition of investing-How investors behave differently than speculators-Lessons from past speculative mania-Book recommendationLearn more about Direk Khanijou at www.rbxinvestments.com

Learn more about Direk Khanijou at www.rbxinvestments.com