AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Warren Buffett's Third Breadcrumb
Todd Combs: Warren Buffett likes to pay low PE multiples. He says he only buys if it's selling at a reasonable price in relation to the bottom boundary of their estimate, and they buy at a discount to their worst case scenario. This combined with the low absolute PE ratios that they pay, combined with the wide mode businesses they invest in, that is where their margin of safety comes from," said Combs.