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Ep 373. Fed Raised 75 bps, Inflation Persistence, and Value Stocks from Midcap Stock Screener

Focused Compounding

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Is Buffett a Genius?

I don't think Buffett overestimates his understanding of things as much as most investors do. He's pretty good at sticking to his circle competence, but he's also pretty good at like Realizing oh, I made a mistake with IBM this turned out not to be as pretty well as I thought. So he sees things where he thinks he understands it then goes Oh, you know what actually I don't Understand the competitive situation here aswell as I thought I did and gets out of it. There are some similarities between media companies that have to decide as a support of media stuff in terms of their moat which is based on winning. But there aren't those big advantages to being number two

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