Todd Combs: Meeting Munger, Buffett and Joining Berkshire
I Am Home podcast
00:00
The Importance of Understanding the Parts of the Business That Are Dying
I don't even look at the market cap of the name So a game that I've always played with myself is like look at the name do your work build up what you would buy that entire business for. That's the ones you're looking for Yeah, exactly and then when I was shorting vice versa, right like well this thing isn't worth anything And yeah, it's trading for a hundred billion or something, you know, so yeahThat way you know you avoid the anchoring effect that way, right? Once you're anchored you're anchored You can't kind of undo it the genie's out of the bottle.
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