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Value After Hours 05 19: John Rotonti on the $30 billion stock no one knows, Berkshire and Buffett

The Acquirers Podcast

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Buffett Pays Up

JT: I think one of the misunderstandings about Warren Buffett is that, quote, it's better to buy a wonderful company at a fair price than a fair company at a wonderful price. He wants to buy wonderful companies. The quintessential example of Buffett paying up is C's candies and he paid 12 and a half times earnings for them. JT: If you look at oxen, I can't find any evidence that he wants to pay a fair price though. You know, when he started buying Apple in 2016,. Apple's average PE for the year in 2016 was 12 and it traded under 10 at points of the year. So, once again, free cash flow yield

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