The Importance of Valuation

Scott: Why do I not own Tesla, but why do I own GM? And Rob just said something pretty smart here. You know, if you've got a strategy, you've got to stick to it, all right? It's actually something my father said to me a long time ago and drove it home. Now look, if I buy Tesla at any price, I can't tell you why that is the right price to buy it at. If I can't justify that, I won't do it. But in GM, in GM, I can justify it. They're buying back shares. This is where valuation matters to a guy like me.