MI Rewind: Alternative Investing in Fine Wine w/ Anthony Zhang
The Intrinsic Value Podcast - The Investor’s Podcast Network
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What Buffett Calls Owner Earnings
If you have no debt, it's a lot harder to go bankrupt. A lack of growth is ok as long as that's built into your models. You just don't want to bild a discount a cash flow model and have ten % growth annual when the company is not actually growing. If a business is able to generate 500 million dollars every year in just free cash, that's an awesome business That can generate a ton of cash. There's going to be a value at which i'd be willing to buy that. Of course, the valuation has to be right. But i want to see strong cash flow. And it doesn't necessarily have to even be growing.
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