Seven percent of companies drive the majority of the market returns from investments over the long term.

IN THIS EPISODE, YOU’LL LEARN:

• 01:53 – How and when to apply metrics like P/E, P/GM and P/S depending on a company’s stage in its lifecycle
• 12:17 – Brian’s most important attribute when valuing a company
• 15:22 – The difference between real moats and fake moats
• 27:51 – When to emphasize valuation and when not to
• 37:12 – Brian’s assessments of Alphabet, FIGS & AXON
• And a whole lot more!

References:

1. https://podcasts.google.com/feed/aHR0cHM6Ly9yc3MuYXJ0MTkuY29tL3RoZS1pbnZlc3RvcnMtcG9kY2FzdA/episode/Z2lkOi8vYXJ0MTktZXBpc29kZS1sb2NhdG9yL1YwL2tfcnNCUnNOaC0tRERuUi11RV9KRUpJaW5zN0xodUhYaUtiRWJiQjFFbjg