So nice, I watched it twice! Thanks!

@sksilwal

3 жыл бұрын

Same here, had to watch it twice

Thank you for this lecture i could listen to both of them for hours, looking forward to new episodes with them

Id give this guy the best conversation ever if he just wants to talk and i listen. Leaning new things every time i watch this

two of the best!!

"I finally figured out why the teachers of corporate finance often teach a lot of stuff that’s wrong. When I had some eye trouble very early in life, I consulted a very famous eye doctor and I realized that his place of business was doing a totally obsolete cataract operation. They were still cutting with a knife with better procedures and I said why are you in the great medical school performing absolute obsolete operations. He said it’s such a wonderful operation to teach. Well that’s what happens in corporate finance, they get these formulas and it’s fine teaching experience. You are given a formula, you are presented with a problem, you apply the formula, you get a real feeling of worthwhile activity. There is only on problem, it’s all balderdash. - Charlie Munger, Berkshire Hathaway: Annual Shareholders Meeting (2018).

Wow Bruce drops a lot of gems in here

This is awesome, like it a lot

It's a fantastic book for reading and as a reference, well done guys

@johnchew503

3 жыл бұрын

Chapter 8 is a difficult chapter to put into practice.

@Oliverkor

2 жыл бұрын

@@johnchew503 The appendix was very difficult to understand. Gonna have to reread it a few times to fully understand it. Still gold though.

Thanks for the Book

Is this book difficult to understand for beginners?

Congratulations

Legend

Instalco went up over 40% since this video came out

Gorgeous

But google is not a local market, nor Apple

@rhythmandacoustics

3 жыл бұрын

They are specialized. Google owns the search engine market but loses to other things , which is their plan by the way to avoid being targeted as a monopoly. So is Apple, they are a phone manufacturer but to avoid being regulated they say that they make so much more stuff like earphones, stands and so on.

@gazynaz

3 жыл бұрын

He doesn't mean geographically local...it can be but it can also be local product markets, local/niche customer segments etc...

I think Bruce makes value investing to complicated.. he is obviously extremely smart but I have found value investing much more simple than he views it.

@johnchew503

3 жыл бұрын

I think you are correct.

Very Nice, I learned a lot. Thank you Professor :) Yeah