Is Value Investing DEAD? Matthias Hanauer Explains

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  • เผยแพร่เมื่อ 9 ม.ค. 2025

ความคิดเห็น • 3

  • @mebfabershow
    @mebfabershow  27 วันที่ผ่านมา

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  • @themusic6808
    @themusic6808 26 วันที่ผ่านมา +5

    The problem is that there’s a clear difference between valuing a business based on numbers as opposed to fundamentals, competitive advantage, scalability, and future value. There’s thousands of companies trading at 10 or 15 times their earnings, finding the one that can grow their top and bottom line 3, 5 or 10X from there over multiple decades while improving margins and deserving a higher valuation multiple in the future than today is like finding a needle in a haystack.
    Modern value investors I find as well go looking for opportunities in companies that operate in cyclical, lower margin, higher debt, lower growth areas that historically aren’t even given higher than a 10 or 15 PE for those reasons ie banks, materials, commodities etc
    Investors could take a page from Charlie Munger because his all time favourite investment Costco traded at 30 times its earnings 20 years ago, and it’s compounded 18% annually since then for a 2,500% return on investment. The value investment was in understanding how exceptional and dominant their business was and could continue to be, not their PE ratio.

  • @jasonparker5746
    @jasonparker5746 15 วันที่ผ่านมา

    The stock market is cyclical and we are currently experiencing a market driven by growth and forward revisions analysis. In my opinion, value investing in equities isn’t dead but it is hibernating until we experience the next major bear market or crash.