How Micro Informs The Macro | David Steinberg on Scott Bessent, Pet Investing, Semiconductors, Music Publishing, and Peter Lake
Monetary Matters with Jack Farley
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Navigating Public vs Private Markets
This chapter explores the shift towards private credit and its implications for medium-sized businesses and public investors. It scrutinizes value investing principles, questioning traditional metrics and emphasizing the importance of entry prices and qualitative assessments in investment strategies. Historical examples are used to illustrate how high valuations can still lead to successful long-term investments when approached thoughtfully.
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