i applaud you for putting the statistics around those four companies, something that an actuary would do. But a, ye, look in ou're exactly right, claythat your conviction does get tested along the way. My conviction is now being tested with amazon, down forty %. It's in the dog house. Everyone hates it. No, i have no problem even apple. You know, since the iphone was introduced, you look at the chart, its lay wild. What a grad stock. But in reality, every three or four years, it lost a third of its value. Make people forget that. I aw apples a winner yet.
IN THIS EPISODE, YOU’LL LEARN:
02:01 - Why the game has changed for traditional value investors.
06:17 - Why Apple is the only sizable tech position Berkshire Hathaway has taken.
13:10 - Why does Adam looks at the price last during his investment process.
14:55 - The #1 thing Adam looks for in a quality company.
22:38 - Why Adam likes Apple, Microsoft, Amazon, and Google, but avoids Netflix and Facebook.
29:30 - Why you can’t consider the GAAP financial statements at face value when analyzing tech companies.
42:34 - How Adam considers a fair price to pay for his value picks.
53:57 - How the higher growth companies might perform during a rising rate environment.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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