MI201: Investing in Tech Companies (Mini-Episode)
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 30 July 2022
⏱️ 21 minutes
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| 0:00.0 | You're listening to TIP. |
| 0:02.7 | Welcome to the Millennial Investing Podcast. |
| 0:04.9 | I'm your host, Clay Fink, and today is another release of our many episode series we send out to you all every Saturday. |
| 0:11.9 | This is the episode where it is just me diving into a specific topic to help you become a better investor. |
| 0:18.1 | I'm super excited for today's show show as I'm going to be discussing the |
| 0:21.7 | investment framework that Adam Ziesel lays out in his book, Where the Money is. I'm also going |
| 0:27.3 | to go through the analysis he does on Google's stock and why he invested in it back in 2016 |
| 0:33.7 | and how he viewed the valuation back then. I recently interviewed Adam Ziesel on our show, and our conversation was released back |
| 0:41.4 | on episode 196 for those who haven't listened to it yet. |
| 0:45.0 | Essentially, he lays out the case for investing in tech companies specifically and why |
| 0:49.5 | they've been viewed incorrectly by many value investors over the past decade. |
| 0:53.9 | With that, let's dive right in. |
| 0:56.4 | You're listening to Millennial Investing by the Investors Podcast Network, |
| 1:00.4 | where your hosts, Robert Leonard and Clay Fink, |
| 1:03.6 | interview successful entrepreneurs, business leaders and investors |
| 1:07.1 | to help educate and inspire the millennial generation. |
| 1:21.7 | So Adam wrote this fantastic book that I recommend everyone should read if they want to learn more about investing in technology companies specifically. During my conversation with Adam, he explained |
| 1:27.2 | how his old principles of value |
| 1:29.1 | investing were no longer working, so he had to change and adapt to the times. Instead of buying |
| 1:34.5 | companies that were statistically cheap, he wanted to purchase great companies at a fair price |
| 1:39.4 | that were almost certain to grow over the many years to come. One of the first types of these companies that Buffett purchased was GEICO. |
| 1:47.3 | It had a low-cost advantage, a long runway ahead, and high profit margins, and Buffett just fell |
... |
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