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Understanding Great Businesses and Market Dynamics
The chapter emphasizes studying successful businesses for long-term success, navigating market fluctuations, and the strategy of owning businesses through market ups and downs. It also discusses the advantages of using USPS ground shipping services, Shopify in e-commerce, and the misleading nature of PE ratios in evaluating a company's true value.
On today’s episode, Clay shares the most important lessons he’s learned from Chris Mayer.
Chris Mayer is the author of 100 Baggers and the co-founder and portfolio manager of Woodlock House Family Capital.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
05:02 - The potential dangers of cloning.
09:40 - What Clay learned from reading 100 Baggers by Chris Mayer.
26:39 - Common characteristics of 100 Baggers.
32:03 - Lessons from Chris’s lesser-known book — How Do You Know?
49:39 - Chris’s secret to success in long-term compounding.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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