When we did all our early bodily when likesa canes and all those folks were doing their massive econometric models, they were inserting a rational agent. And so what the rational expectations guides did was very simple. They said that if the government decided to suddenly start taxing everything at a hundred %, no one would change their behavior. O i mean, that was it. The thing that i'd fun challenging about omics is that micro economics is very intuitive, and seems to be true. Macro economics does not attach itself very well to micro economics. I don't know that i necessarily want people making big policy prescriptions based on floored philosophies, flored data and their ownegenders
Tobias is founder and managing director of Acquirers Funds LLC, where he also serves as portfolio manager of the firm's deep value strategy. He is also author of the books "The Acquirer's Multiple " and "Deep Value". Our discussion with Tobi revolves around:
- Stock market fall of early 2021
- Valuing digital businesses
- Quantitative and Value Investing
- Learning from ancient philosophers
- Separating the message from the messenger
- And MUCH more!
Follow Tobias on his Twitter at: https://twitter.com/Greenbackd and know more about Acquirers Funds here: https://acquirersfunds.com/