Found Tobias through Chris's Twitter and went through the Acquirers Multiple last night . Great Stuff in the book and the podcast. Thanks a Lot fore Sharing Quality Learnings & education. Listening to Chris is another blessing for Value Seekers.
Always good to hear from Bloomstran. His detailed accountant type analysis of Berkshire is very useful. China comments perhaps a little one sided. The missing part of the China discussion for me is despite the obvious demographic issues and communist ideology, companies like BYD are demonstrating that they are innovative. Having central control also helps get things done. They are also fast. The US has its own major structural problems not least a debt problem that a sky high stock market masks. The US education system. The drug problems. The political situation in the US is not without risk. Seems a little arrogant to paint US as the only show in town. Not many are in a position to out think Munger. We’ll see how it all pans out longer term. I am no fan of communists but the US is also spiralling towards big problems lead by either a man near death, or an incoming Trump that is a complete sociopath. I also think rich fund managers should reflect on how they might have benefited from following Buffett all these years and a booming stock market. Maybe we are not all that smart.
Good to see a discussion of Apple and their capital allocation. Perhaps Buffett has discussed it in private with management. It is hard to reconcile with Buffetts high standards and public comments over the years.
Definitely do not give up the steak! That's the healthiest thing you can eat. Check out Ken Berry MD on RU-vid, as well as many others who are not tied to the pharm and cereal advertising dollars.
