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Value After Hours S04 E03: Greenwald on Buffett's Moats, Defying Base Rates, The Lyapunov Window

The Acquirers Podcast

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What's the Inside View on Google?

The inside view on something like google goes further than the base rate is. I mean, it's tough, but it's one that can paytat ye, really tough. You have a incredibly wide variance on what the future will hold for some of those kind of companies. Some of these suffer from saint petersburg paradox, where you can imagine scenarios, and they may be totally they could happen. But when you go to handicap that and create an expected return, you end up with something kind of potentially acenine.

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