Ep 462. Berkshire's 13-F, Buybacks at 100x P/E, and Momentum & Pods' Effects on Stock Prices
Focused Compounding
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Valuing Cyclical Businesses
This chapter explores the valuation challenges of cyclical businesses, emphasizing the difficulties of using traditional DCF analysis in fluctuating markets. It discusses strategies for assessing these companies, including the importance of average earnings and market timing, while highlighting specific investment opportunities. The conversation also touches on historical market dynamics and the volatility of various assets, encouraging listener engagement on money management.
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