MBA ITB invited Joeliardi Sunendar on Saturday (22/1/2022) to a guest lecture to discuss his insights on capital market analysis, especially on how to spot undervalued stocks. Joeliardi excels in investment research and advisory and is the Founder of jsportfolio.id.
Joeliardi started by explaining the fundamental analysis needed for long-term investment decisions in stocks and securities. Approaching this analysis begins with dissecting the economy (economy analysis) into individual sectors and industries (industry analysis) then breaking down further into the performance of companies (company analysis).
Furthermore, the UI alumnus explained the beauty of “buffetology,” a term coined by the famous investor Warren Buffett. He shared his experience attending one of Berkshire Hathaway’s annual meetings and how he used Warren Buffett to benchmark his value investing. Three main themes of ‘buffetology’ are scuttlebutt investing, the margin of safety, and economic moats.
“There was an interesting phenomenon in Indonesia last year,” stated Joeliardi. “It was not value stocks that rose in the market. Instead, stocks, such as DCII, BEBS, and BBHI had high returns rose and were mostly from the digital banking sector. However, digital banking stocks are not parts of value investing,” said Joeliardi.
Joeliardi ended the guest lecture with a quote from Warren Buffett: “Be fearful when others are greedy, be greedy when others are fearful.”
Written by Student Reporter (Affan Agil, IB 2023)