Slow weekend. Nothing beats a good short interview with Micheal Price on a few stock case studies and how he sees the market.
Notice that there are no technical analysis, not much talk on PE relative to the markets.
- 09:10: Its not about company at PE 12, Market is at PE 15, its about finding out how much as a businessman you will pay for a business
- 09:40: On Waiting
- 10:45: Waiting for bad news to happen is big for value investor
- 11:33: Hospira (HSP) consistent grower – Growth people selling to Value people
- 14:30: Sometimes value guys make mistakes, but onus is wait for bad news
- 15:00: Most of the work is preparing, finding out the yardstick rather than going in to buy
- 16:30: Companies that stumbled but have build up intrinsic value
- 16:31: Hess(Hes) Corp – Proxy fights and poorly ...
