The Acquirers Podcast cover image

Value After Hours S05 E20: Jeff Weniger on Value v Growth, Housing, and the 70s Stock Market Crashes

The Acquirers Podcast

00:00

The Importance of Intellectual Honesty in Finance

Corporate profit margins were around 8% when Buffett wrote that. They proceeded to drop to about 5% over the next few years, which is those 99, you know, call it 2003 ish. Then they ramp back up to 9% in 2007 before then they crash back down to about 2% in the GFC. And then they've stayed elevated above 9% and then peaking, I think, around 13%.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app