3M is a company that I don't feel comfortable with going into recession. They have 64 or 65 years of consecutive annual increases and have paid a dividend for more than 100 years without interruption. If you look at the evaluation right now, less than 10 price to earnings, 14.5 price to free cash flow. But then we get there two litigation cases. And this is what makes me so concerned because I don't trust American jury systems.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

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

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