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Le Insight Finance CaféAuthor: Pierre-Luc Poulin
A Podcast About Realizing Our own Potential and Creating the Future by Being Entrepreneurial, Financially Savvy and Genuine. Language: en-us Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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7: Is Value Investing Dead?
Friday, 14 December, 2018
My guest today is Mr Fui Gbedemah: From the company's website: « He stands out for his deep understanding of Value Investing. He has worked in recent years for two major Canadian fund manufacturers. He is a Concordia University graduate (B.Comm). He has passed all three levels of the CFA Program, and may be awarded the charter upon completion of the required work experience. » Here is an overview of what we will be discussing: Part 1: Early value investing: Graham & a focus on hard assets - How did Ben Graham value companies? - What was the context of the time he lived in? Part 2: Buffett & Munger: Focusing on earning power & intangibles (Sees, Coca Cola, etc) - How did Buffett buy Sees and what did he see in it? - How then did he scale this idea into a bigger position into Coca Cola? Part 3: Where are we now? Business models that require less capital. The concept of zero marginal costs (Facebook, Uber, etc). - Explain the concept of Zero Marginal Costs? - A public company example of the idea: Facebook - Another example (Google)? - What are the societal implications of these business models? - Is Buffett adapting? In conclusion, is value investing truly dead or still alive & well?
