James eb telescope: When you have a company like charter who's generating that much recash low and using incremental debt proceeds to buy back their stock, your view of what the per share value of that business will be three to five years from now is ugely impacted by your repurchase assumptions. The stocks across the whole industry have just been disproportionately hurt amin the markets down as a whole, right? But they've been weaker than he average,. And i thi some of the competitive dynamics here are being overstated and conflated with sort of the give back of some of the charter upsudme that we've seen. James eb telescope: I'll use this sort of
IN THIS EPISODE, YOU’LL LEARN:
01:55 - What makes Weitz’s equity and fixed income funds different from others.
04:20 - Weitz’s overall investment process and how it has evolved over time.
04:20 - What their “quality at a discount” (QAD) investing framework is.
11:45 - What 6 factors they look for to assess the quality of a company.
14:16 - What discount rate they use when projecting out cash flows.
24:01 - Their thoughts on Google, Facebook and Amazon stocks.
26:44 - Their investment thesis for Liberty Broadband.
31:30 - What drives large discrepancies between a companies’ enterprise value and market cap, and what should investors be more focused on.
37:52 - Why Accenture stock has been one of their core holdings for 10+ years.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
EPISODE RESOURCES
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