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Value After Hours S04 E06: Acquirers Multiple All-Time Spread, $ARKK Blow-up, The Red Queen

The Acquirers Podcast

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Is Net Nets a Re Investment?

I don't see how you can have an accurate view of whether or not you're buying value without a view of r o ei. I the only lens that i disagree with, as you were saying, like, if your value and your trading more roes don't matter. You're re rating to cash, and then you got nothing else do. Then you got to sell a security and go find something. But unless there's another net net to go read, that's a re investment,. Like, the risk you're taking with net nets is re investment rate, like, reinvestment risk and some sort of agency problems, right?

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