
Ep 368. Favorite Buffett Lessons, Yield Curve, Inflation, Management Teams, & Matching a Style to Your Personality
Focused Compounding
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Is the Float a Good Idea?
It's cheap in some cases when we buy into a company because no one can take a run at it. No one can get involved by owning a small part of the a percentage of the shares, and make a big change to the company. There is no practical way for someone to force the situation. That's this cheap versus the market value. So that is another factor. If you have a really good property and it's undervalued in the market for a long time, someone will try to take it over. Without that kind of insider ownership, someone in the restaurant industry would have taken them out. But like we've said, isn't it worth a lot more than it's selling
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