3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP567: The Evolution of Value Investing w/ Brian Feroldi

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Base Rates and the Valuation Spectrum

The idea of base rates has had a really profound impact on me being a host of the show here. Let's just take a company like Tesla in 2012, totally different company than the Tesla of 2023. I think when you have that very real risk, I think it justifies a relatively small position in a portfolio. If you're going to invest like a venture capitalist, die diversified.

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