AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min snip
Michael Mauboussin Master Class — Moats, Skill, Luck, Decision Making and a Whole Lot More
Acquired
How to Dissect a Security Analysis Course?
Understanding the complexities of analyzing companies, especially in software companies, involves unraveling the various components of cash flows. While traditional companies like Walmart have straightforward operating cash flows and investing activities, software companies have a complex blend of operational expenses, customer acquisition, and engineering investments intertwined in opex. Michael, renowned for his paper on measuring motives, delves into the structure of the security analysis course at Columbia Business School. The course is divided into four main parts - assessing markets and inefficiencies, differentiating oneself to achieve attractive returns, and focusing on decision-making under stress. The course emphasizes that successful investors prioritize temperament and decision-making over technical skills like spreadsheet proficiency.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
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