i'm curious, barton, if you have any thoughts on amazon. I'd enjoy following bill miller's work, and he is just a massive fan of amazonis owned it for many decades. Unfortunately, the talk about home runs, you're right. You know, me, there's various different examples of companies that are willing to invest in the short term for very long term opportunities. That can sometimes dent the stocks, and that's just fine with us. De'll do the kind of opportunities that we like. So we like amazon and think it's going to do good things.
IN THIS EPISODE, YOU’LL LEARN:
01:55 - What makes Weitz’s equity and fixed income funds different from others.
04:20 - Weitz’s overall investment process and how it has evolved over time.
04:20 - What their “quality at a discount” (QAD) investing framework is.
11:45 - What 6 factors they look for to assess the quality of a company.
14:16 - What discount rate they use when projecting out cash flows.
24:01 - Their thoughts on Google, Facebook and Amazon stocks.
26:44 - Their investment thesis for Liberty Broadband.
31:30 - What drives large discrepancies between a companies’ enterprise value and market cap, and what should investors be more focused on.
37:52 - Why Accenture stock has been one of their core holdings for 10+ years.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
EPISODE RESOURCES
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