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Value After Hours S06 E19: Third Avenue's Small-Cap Value Portfolio Manager Victor Cunningham

The Acquirers Podcast

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Fundamental Analysis and Valuing Businesses

The chapter explores the process of fundamental analysis, stressing the importance of valuing businesses based on their component parts and seeking companies with the potential to compound net asset value. It discusses the impact of Marty Whitman's book on modern security analysis and value investing, emphasizing the strategy of seeking undervalued growth opportunities and the importance of company fundamentals over metrics like the price-to-earnings ratio. The speakers highlight the significance of analyzing financial statements from the bottom up, focusing on balance sheets, cash positions, and debt maturities, and share insights on investing in companies with strong balance sheets, low leverage, and competent management teams.

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