ดร.นิเวศน์ เหมวชิรวรากร นักลงทุนหุ้นแบบเน้นคุณค่า (Value Investor หรือ VI) I PERSPECTIVE [20 ต.ค.67]

Summary of "Dr. Niwes Hemwachiravong, Value Investor (VI) I PERSPECTIVE [20 Oct. 67]"

Short Summary:

This episode of PERSPECTIVE features Dr. Niwes Hemwachiravong, a successful value investor who has grown his initial 10 million baht investment into a portfolio worth over 10 billion baht. The episode explores Dr. Niwes's investment philosophy, focusing on long-term value investing (VI) and his personal journey from humble beginnings to financial freedom. Key points include the importance of education as an investment, the power of compounding, and the need for patience and discipline in long-term investing. Dr. Niwes also shares his insights on identifying promising businesses and avoiding risky ventures like cryptocurrencies.

Detailed Summary:

Section 1: Introduction and Dr. Niwes's Background

The episode introduces Dr. Niwes as a renowned value investor who has achieved significant financial success through long-term investments.
Dr. Niwes shares his humble beginnings, growing up in a working-class family where his parents were construction workers.
He emphasizes the importance of education as an investment, stating that it was his key to escaping poverty and building a successful future.

Section 2: Dr. Niwes's Investment Philosophy and Lifestyle

Dr. Niwes explains his value investing approach, focusing on identifying companies with strong fundamentals and long-term growth potential.
He emphasizes the importance of patience and discipline, advocating for holding investments for extended periods, even 5-10 years, to reap the benefits of compounding.
He highlights the importance of passive income generated through investments, allowing for financial freedom and the ability to pursue personal interests.
Dr. Niwes shares his personal lifestyle, emphasizing his frugal nature and prioritizing essential spending over luxury.

Section 3: Dr. Niwes's Investment Strategies and Examples

Dr. Niwes discusses his investment in CP, the parent company of 7-Eleven, as an example of a successful long-term investment.
He explains how he identifies promising businesses by analyzing their fundamentals and future growth potential.
He emphasizes the importance of understanding the underlying business and its long-term prospects, rather than relying on short-term market fluctuations.
Dr. Niwes shares his experience investing in Vietnam, highlighting the importance of understanding local regulations and tax implications.

Section 4: Dr. Niwes's Perspective on Education and Success

Dr. Niwes emphasizes the transformative power of education, particularly for individuals from disadvantaged backgrounds.
He shares his personal journey from a humble school to prestigious institutions like Chulalongkorn University and NIDA.
He advocates for lifelong learning and continuous skill development as essential for success.

Section 5: Dr. Niwes's Advice for Aspiring Investors

Dr. Niwes emphasizes the importance of saving and accumulating capital as a foundation for successful investing.
He advises against chasing quick profits and instead advocates for a disciplined and patient approach to long-term investing.
He highlights the importance of developing a deep understanding of the businesses you invest in and their long-term prospects.
Dr. Niwes emphasizes the importance of continuous learning and expanding your knowledge base, not just in finance but in various fields.

Section 6: Conclusion

The episode concludes with a reminder to viewers to be cautious of scams and fraudulent investment schemes.
Dr. Niwes emphasizes the importance of applying the knowledge gained from the episode to their own lives and making informed decisions.
The episode ends with a final message from Dr. Niwes, acknowledging the importance of his wife's support and contributions to his success.

Notable Quotes:

"We don't invest to spend money; we invest to build wealth and secure our future."
"Education is the most important investment you can make, especially if you come from a poor background."
"The key to success in investing is patience and discipline. Don't chase quick profits; focus on long-term growth."
"You need to understand the underlying business and its long-term prospects, not just the short-term market fluctuations."
"Never stop learning. The more you know, the better equipped you'll be to make informed investment decisions."