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TIP346: Masterclass in Valuation w/ Chris Bloomstran
We Study Billionaires - The Investor’s Podcast Network
The 1.75 Multiple to Book Value Is a Dynamic Number
Chris Hagan: I think book value is a less useful of proxy of value. A material distortion to book value, if you look at most companies, is the repurchase of shares in the open market at a premium to book value. You know, when you have boom times, you don't see a lot of write-offs. So for most companies, you have this enormous dilution on the front end.
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