
Ep 355. Market Update, Omaha Trip, Activision Arb, and Thoughts On Elon Musk Buying Twitter
Focused Compounding
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The Multiples That You Do Pay for These Businesses
We're value investors, it basilyas just the discipline of paying somewhat, on average, somewhat below average prices for almost everything. We really don't pay a price that probably half of all the purchases people are making is the price for it. So we're in the bottom half in terms of expensiveness um. But if you bought the good companies at 13 instead of 30, 30, can come down to 15 really easily during a recession. Whereas you can get much, am much better results and very good relative results by owning something that you bought at a fairly low price.
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