Louis Rukeyser’s Wall Street Week was one of my favorite “reflective” shows on understanding stocks and stock markets. This is one recorded interview I found well worth re-watching, and share here without further comment. For anyone who wondered how Peter Lynch’s call of stocks outperforming 4.7% bonds over the following 10 years, here is a […]
Today’s video is from the 2007 Berkshire meeting, where Charlie Munger and Warren Buffett discuss the rise of corporate profits as a percentage of GDP’s rise from around 4% to over 8% as a reason “not to swing for the fences” at valuations then. Part of the rise in this ratio up to 2007 was […]
One trend I have disliked this decade is the relative increase in private equity and investors chasing them. As I describe in chapter 6 of my book, investing in private equity is similar to investing in public equity, other than lack of transparency, insider trading protections, larger ticket sizes, lower liquidity and a few other […]