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TIP454: Current Market Conditions w/ Tobias Carlisle
We Study Billionaires - The Investor’s Podcast Network
What Are the Most Fundamental Changes for Value Investors?
Buffet has told us that we should, forwish, on micro and not macro. That being said, even individual businesses have to consider that interest rate is creeping up right now. A tenfold increase in the interest rate should reduce your valuation by something like ten times. Most companies would be worth less than book value in that kind of environment. But if there's something out there that earns three % with no risk other than duration risk, which is what banks will earn a little bit more money from lending.
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