MI196: Value Investing in the Digital Age w/ Adam Seessel
The Intrinsic Value Podcast - The Investor’s Podcast Network
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How Do You Determine a Fair Value for a High Quality Business?
You know, i can show you a fifth avenue pen house with beautiful views and lovely rooms, but if i ask you to pay in 25 billion dollars for it, you're going to tell me to go pound sand. You know, at some point anything is too expensive. I wouldn't have the right to call myself a value investor if i didn't believe that the price i was paying was an essential input of the value i was ultimately getting. And our network actually had bill miller on orcho. He bought amazon at the i o and he bought even more during the tet crash, after the two thousand tech bubble.
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