When you make a mistake, admit it, move on. If the facts substantiate why you need to change your mind, then go and do it. Some of em are ones that you should have seen that you didn't. But once again, let's go back. We aron for a trick. When he bought us air many, many years ago, he thought this could be a really good business. But when management began to sell below the cost of production to generate cash fo to stay in business, that ended on being a very bad decision. Then later, the business consolidated into the big four. And i can't say that he was wrong in making that decision, but it
IN THIS EPISODE, YOU’LL LEARN:
04:55 - Robert’s biggest learnings from studying Warren Buffett over the years.
23:55 - How to value businesses using Warren Buffett’s method.
26:31 - What are some of Warren Buffett’s biggest investment mistakes were and what we can learn from them.
38:52 - Why Robert believes growth stocks are the most mispriced part of the market right now.
46:12 - What is the difference between “old tech” and “new tech” stocks and which is more underpriced right now.
51:19 - Why a company’s value has nothing to do with the price multiple it’s trading at.
55:44 - What financial ratios and metrics Robert relies on most to determine whether a company is a good investment.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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