Dimon: buffet called this cigar butt investing. You're picking up cigar butts off the ground that have a few puffs in them, but they're virtually free. O you're buying the company for less than the liquidation value of the so they're kind of free in that way. Of course, you can't count on the company being liquidated. The people running it have too much of a vested interest in just getting that pay check until there's no more money. So anyway, diman get all off on the bit coin here. But, but, butwhas you are talking about the different investing strategies, the net, net, and then the way buffet changed
There are two extremes of Warren Buffett’s Investing Strategies, and one of those extremes is Net-Nets.
The Net-Net Strategy was actually developed by economist Benjamin Graham, who Buffett studied under after graduating from Columbia. The Net-Net strategy is generally seen as an extremely conservative investment strategy, and after following it throughout the great depression, Benjamin Graham saw extreme success.
Join Phil and Danielle as they dive deeper and explain the history of Net-Nets, how and why to use them today, and briefly touch on the other extreme of Buffett’s investing strategies.
To learn more about how to successfully invest as a beginner, download a copy of Phil’s Complete Guide to Investing for FREE here: https://bit.ly/3oSjWaK
Topics discussed in this podcast:
- The Net-Net Investment Strategy & History
- Stock Options
- Investing Extremes
Additional resources discussed in this podcast:
For show notes and more information visit www.investedpodcast.com.
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