The idea of what something's value is has fundamentally changed. We're still ultimately looking for the same stuff that we were before. The growth is less important than just the return that you can get from these businesses. And i look at amazon, on a hundred billion dollar base, has had like a forty seven % year of growth. There don't seem to be those limits any more. So how do we think about those kind of companies? Well, i wouldn't necessarily change the approach that i have. I'm not yet persuaded by that argument.
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/