AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
Talk Your Book: Compounding with Concentrated Portfolios
Animal Spirits Podcast
The Importance of Holding Cash
MacKinnon: Cash is always earmarked for the highest best use we don't Sprinkle up and down pro ratta regardless of valuation in order to minimize cash. MacKinnon: We're trying to underwrite to situations where on a low-casebasis Basis would get mid-single digit IRR. He says that's how he tries to forecast out what owners economics are five and six years from now. And so it's essentially a barometer of the opportunity set as far as we can see it I'm doing a lot of assuming here, but just given what I know about the company in the portfolio Please come here from around.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode