AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
Modest Proposal – Value is Dead, Long Live Value - [Invest Like the Best, EP.95]
Invest Like the Best with Patrick O'Shaughnessy
The Next Big Short Is a Mall C M B S
Retail is a horrible business. It's why there are very few persistent overtime performers. You have inventory risks that, if it rains in may, all of a sudden you're on the conference call say, well, we didn't move through our spring tea shirt line. So i started looking and said, ok, there are 12 hundred moles. That sounds like a lot. Wait, about 900 of them make up maybe, you know, ten % of the value in the sector. Those are probably going t but what if you don't own those? And so you sort of said, ook, here. Therre 300 malls. They make up 90 % of the industry value
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