MI241: The Acquirer’s Multiple Strategy w/ Tobias Carlisle
The Intrinsic Value Podcast - The Investor’s Podcast Network
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Warren Buffett's Magic Formula
The magic formula is a quantitative expression of what Buffett does without his business analysis built into it. The really astonishing part was the return differences when you took out the need for high profits or high return on invested capital. It's surprising that what that says is that paying up for quality tends to not be a good idea, and you tend to get better performance just buying the cheapest stuff in the market.
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