Ep 202. ROIC, Intrinsic Value, Investing Time Horizon, and Other Questions From Twitter
Focused Compounding
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How Jeff Munger Thinks About Cost of Capital
Present values change a lot if cash flows are discounted at 10% Versus using 10 year treasury. I was just reading something where Munger talks about this He actually it wasn't so much a speech. It was like a debate thing that he did So it all cost of capital has always bothered him and it does I guess bother me as well. For us though, I would say we use opportunity cost when making decisions.
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