💯 I graduated from a business school while working full-time during the day in Mergers & Acquisitions. I had to explain to some professors several times why their textbook theories don't work in the real world and what actually does. I learned too late that school itself is a business and their goal is to "put buts in the seats" because that's what brings in the money. 💯
Wow!, well said. I am an MBA graduate. I too realized that No School/college has Investment related subjects. All they have leadership/management & accountings.
90% Of the work in Valuation of a great business is looking at their financial statements and their management, the rest 10% is Intrinsic value, Industry Valuation, Economy Valuation.
It's shocking how many people continue clueless as to what Buffett does even after all these decades and for as many times as he repeats it and repeats it and repeats it. The skills necessary for determining the value of a business one can get with an accounting degree while MBA's are largely advanced degrees in time-wasting. Business valuation one can teach one's self.
Hi, I'm in my mid 20s and only just began to familiarize myself with the world of investing. What would be a great resource to teach oneself how to valuate businesses? I've been reading a lot from finance/investing websites like Investopedia and have been getting a taste for the lingo and terminology, but I still feel that I lack a more fundamental understanding. Any good books/websites/other resources you might recommend to a layman like me? I'm looking to seriously build my investing acumen/business knowledge on the side even though my main career pursuit isn't business.
@@americanchunk7456 Hey even I am new to the investment world but I would like to suggest you to read The Intelligent Investor with Jason Zweig commentary ... Trust me this is the best book to explain the simplicity and philosophy of value investing.
The way that business schools and large corporations have a zeitgeist that favours popular decision-making over correct decision making is something that I only fully understood after buying my own business. By simply doing obviously sensible things over time I ended up with a business that generated so much cash that our first bank told us that it no longer wanted our business because they suspected we were a money-laundering front! In a notoriously competitive low margin industry, we generate returns that are so high that they beggar belief. At the time it seemed that I overpaid when I paid $1.4m for a business that was making $300k per annum in 2017. Now, in 2023 it is on track to make $900k, with ultra conservative accounting. It almost feels unfair competing against people who follow the orthodoxy.
To be honest, i'm happy that business schools around the world don't teach about how to value a business. I am investing in stocks and have made quite a handsome sum of money because i know how to value a business and invest strategically. My friends who do not know how to value a business are losing all their hard earn money in the stock market. Thankfully very few people know about stock market investing.
hahahahha bro literally. people talk about the most complicated bullshit jargon to try prove that 'o he doesnt know what he's talking about' but these same people have no idea what a balance sheet is? like literally run a business for urself ull see bigger businesses are the same. it's all the balance sheet:how much profit how much can the business expand how much debt. literally that simple
Valuation is the most important thing in business and trading. How else can you know when to buy and sell? Almost as important is what other people THINK the value is.
“Finance teaching is in general in this country kind of pathetic" - Warren Buffett I wouldn’t be surprised that it’s the same for different fields; that absolute experts find the teached material pathetic
Its funny how at the meetings everyone tries to ask questions related to economic predictions, maybe mentioning a company or two and only the stock price of that company. If you listen, warren has to formally and cleverly answer the question from a business owner perspective. Its hard to identify if your not listening properly,
If you understand how you get BUSINESS CONSULTANTS straight outta college and other older ones with NO TIME in business.... there's a video on it but it's a DAMN JOKE of an industry.
Warren Buffett doesn't buy stock frok stock market that's the first thing people should know, he purchase stock from via dark pool and bulk trading which a retail investors cant do.
May I ask a Question to Mr.Warren Buffet, would you kindly tell me " how i can improve / develop my economical position, i am Bangladesh, my name Shahalam, i am now in UAE, house kipping company, otherwise i Have paid USD 3000 to Mr. Robert Coryell. Thanks and Have a good day every one.
A lot of modern writing on economics is garbage, drivel. A constant theme of CM is opportunity cost. You have to go back to classic scholarship to understand this. And you must understand what words, and concepts, really mean. Do you?
Quantitative investment is good, but know about alpha, beta etc its not neccessary. If I have 100m$ i will earn more than you just uaing DCA strategy. The secret of investment is simple just having a lot of money, and use value investment strategy. Thats all. No need to bet on derivatives.
I, for one, appreciate that this "old shit" is made available on RU-vid, as it gives perspective on the mind of two of the best investors in history. Obviously, you're free to limit yourself to the current events and trends, many of which will indeed define the future of the world, and many of which will prove to be the latest bullshit fashion that will lure thousands and then will be forgotten. But there's one thing I don't understand: if you want current events, why are you even clicking on an obviously-old video? Dude, blame yourself, not the one who posted it.
Buddy this old shit is valuable gold. Maybe if you’d listen and learn how to really value businesses you’d be more appreciative that there even are recordings from these two geniuses. Go to a Reddit forum I think you’ll find there what you’re looking for
