
Ep 398. The Financial History of General Motors with Capital Allocation Author, Jacob McDonough
Focused Compounding
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The History of GM
Jacob: How do you think Munger and Lee Lou got comfortable with a company like BYD when they know that this happened? Jacob: I don't know if I have a good answer, but it's a pretty interesting thing to study Mm-hmm. He says the return on equity in some years even went over 20% And so just comparing that to the present day. But yes, I did say I think that that's definitely much more monger than buffet But did it because Munger wanted it or was he trying to buff up his own image as an electric car maker at the same time? "I swear in the interview Lee Lee was done," said
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