‘Shark Tank’ star Kevin O’Leary discussed the value of investing, shorting Yahoo, and post-pandemic retail in a recent interview. Here are the 16 best quotes.



Kevin O'Leary

The”Shark Tank” celebrity Kevin O’Leary highlighted the worth of investment, talked regarding shorting Yahoo, and predicted the pandemic would change retail eternally to the”Industry Focus” podcast.O’Leary also discussed the risks of venture investing, the dearth of financial literacy in the US, and how Warren Buffett’s business partner Charlie Munger had shaped his investing approach.Here are O’Leary’s 16 best quotes from the interview. Visit Business Insider’s homepage for more stories.

The “Shark Tank” star Kevin O’Leary emphasized the importance of investing, told the story of his costly Yahoo short, and argued the coronavirus pandemic had permanently reshaped the retail sector during a recent episode of the “Industry Focus” podcast.

The O’Leary Funds and O’Leary Ventures chairman – whose nickname is “Mr. Wonderful” – also discussed his conservative portfolio, bemoaned the lack of financial literacy among many Americans, and highlighted Warren Buffett’s right-hand man, Charlie Munger, as a major influence on his investing approach.

Here are O’Leary’s 16 best quotes from the interview, lightly edited and condensed for clarity:

1. “We educate our children everything in high school: sex education, geography, mathematics, reading, etc.. We do not teach them anything regarding credit cardsdebt or debt, or even investing. Then we ask ourselves why people end up at a situation as we are today, that has been highlighted with the pandemic somewhat: There’s 100 million individuals in America who’ve set nothing aside for their retirement.”

2. “It freaks me out that many people, including many of the people who work for me personally within my companies, have just two weeks of money set aside. That is not even investing – that’s just poor fiscal planning.”

3. “Realize that investing and saving are two unique things. Among the huge challenges is people believe,’Well, I’m going to take some amount of what I make in my paycheck and put it in a savings account.’ That is not investing. Investing is becoming exposure to the market.”

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4. “I love’Shark Tank,’ but that’s venture investing. It’s very, very insecure. That is not where my real money is. My real money is invested in a really conservative portfolio of ETFs that focus on large-cap, mid-cap, small-cap, tech development, and dividends.”

5. “Sometimes it’s fun to trade, I understand that. I am not against that. But I taught my kids, you have a plan for building your nut, the thing that protects you for the remainder of your life, and then you can do whatever you like on the other side.”

6. “This is a really good time to be investing and remaining course on equities.” – pointing to the Biden administration’s likely focus on distributing COVID-19 vaccines and tackling unemployment with the help of the Federal Reserve.

7. “Retail is forever changed. We’re not reopening the shops that had fair returns – we’re never reopening them we’re just going to keep with the lead customer version. If you’ve got a new like Lululemon or some thing, you can manage to get a retail store since you are selling $1,000 winter coats. But if you are a generic retailer in a mall that is generic, the outcome is not likely to be pretty.”

8. “Bad news for hotels, bad news for those airlines, fantastic news for another 80% of the market that’s likely to accrue the advantages of the huge reduction in business, travel, and entertainment, and more productivity in terms of receiving their merchandise.” – predicting a permanent slump in business travel as people have realized the power and convenience of videoconferencing tools during the pandemic.

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9. “I shorted Yahoo until it was put into the S&P 500. I was dedicated to holding on to that brief because I knew one day, Yahoo would be a zero. I killed myself by not knowing when you see a stock, your losses are unlimited. I tied up, for years, countless dollars of my funds only for the margin to do anything very, very dumb.”

10. “Don’t get caught offside – that will secure your hiney for the remainder of your life – and do not do dumb things such as shorting the next Yahoo, whatever it is.”

11. “I never allow a stock become more than 5 percent of my portfolio, and I let a sector become more than 20 percent ever. That way, when I own a Tesla and it’s doing its thing, I’m selling into the potency, keeping my 5 percent waiting, promoting, selling, selling, selling, and keeping my vulnerability .”

12. “One of the great things about being a Shark is I have shown everything today. I see every deal there is, nearly. We create many investments out of’Shark Tank’ because we view wonderful thoughts and amazing entrepreneurs, and I need to be supportive. But I consider that money gone when I invest in it, because I don’t have any concept about what the outcome is going to be. Then every morning, because I’ve got so many of them today, I have a whole Shakespearean play playing.”

Read more: A Refinitiv research chief outlines 6 key investing themes that will drive markets in 2021 – and explains how you can capitalize on each within your portfolio

13. “It’s just a giant chorus of euphoria complete distress, and that’s the essence of venture investment.”

14. “If you wish to be a venture investor, you better be prepared for rock and roll, since the outcome is completely unknown, entirely random. It’s plenty of vigor, and I enjoy working with the entrepreneurs, however, the results are crazy results. You just don’t know what is going to occur.”

15. “Charlie Munger is my first own guy. I mean, there’s not anything wrong with Warren Buffett, but you want to understand where all that philosophy comes from and that keeps Warren Buffett to a right track, it’s Charlie Munger.”

16. “My whole investment plan is built around money flow. I’ve got a little Charlie Munger on my shoulder every day whenever I think about a deal, and he is just saying two phrases ‘cash flow, cash flow.’”

Read the original article on Business Insider

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