i just want to be really clear about this with everybody, in our strategy of investing that goes all the way back to graham. Modern portfolio theory is the way a your four o one k mutual fund, exchange traded fund, portfolio is managed. And it doesn't believe that companies have value that is different than the price that they're selling for in the market. There's nothing there unless they pick it up themselves. Because there's no point in learning that. According to modern portfolio theory, you want to know what the value of business is,. It's the price of the business that's all just gos tor somebody.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode