I'm curious how you're determining sort of a hurdle rate, or how do you determine, yes, this is an appropriate price to pay. Are you looking at the earnings yield, or what are you looking at there? Ye, it's earnings yeeld clay, not on reported gap numbers, but on, you know, the adjustments we've been talking about. So i kind of feel i for a great business with all these motes. Yo, no, five % free cash will yield is probably a good entry point. 20 times earnings power, i think that. And my experiencewill yield a very good long term result.
IN THIS EPISODE, YOU’LL LEARN:
02:01 - Why the game has changed for traditional value investors.
06:17 - Why Apple is the only sizable tech position Berkshire Hathaway has taken.
13:10 - Why does Adam looks at the price last during his investment process.
14:55 - The #1 thing Adam looks for in a quality company.
22:38 - Why Adam likes Apple, Microsoft, Amazon, and Google, but avoids Netflix and Facebook.
29:30 - Why you can’t consider the GAAP financial statements at face value when analyzing tech companies.
42:34 - How Adam considers a fair price to pay for his value picks.
53:57 - How the higher growth companies might perform during a rising rate environment.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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