Behind the Balance Sheet cover image

#26 The Pragmatist

Behind the Balance Sheet

CHAPTER

Timing, Catalysts, and Inflated Valuations

This chapter discusses the importance of timing in investing, the consequences of free money and inflated valuations, and the potential impact of inflation on the market. The speaker reflects on their experience with Quanta's stock, expresses frustration with market recognition of value, and discusses the misallocation of capital. They also delve into the role of dividends and the desire for an equity culture to return.

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