MI317: Investing WIth Safeguards: Spotting and Correcting Common Mistakes w/ Brian Feroldi
The Intrinsic Value Podcast - The Investor’s Podcast Network
The Investor's Podcast Network
4.6 • 592 Ratings
🗓️ 9 January 2024
⏱️ 63 minutes
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Summary
Transcript
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| 0:00.0 | You're listening to TIP. |
| 0:02.9 | Warren Buffett's rule of thumb on gross margin, and again, it's just a rule of thumb. |
| 0:07.4 | Not every company will hit this is that a company's gross margin should consistently be above 40%. |
| 0:14.3 | A gross margin for those that don't know is simply a gross profit, which is revenue minus cost of producing the revenue divided by |
| 0:22.2 | a revenue. And a number over 40%, consistently over 40%, tends to mean that the company has |
| 0:29.7 | pricing power with consumers, so it can set a price and increase that price as inflation increases, |
| 0:36.4 | which is a sign that a company has a moat. |
| 0:38.9 | It also could mean that the company has bargaining power over suppliers, because the supplier cost |
| 0:44.7 | is embedded into that gross margin number. And the big thing that he likes to look for is this |
| 0:50.1 | number to be consistent in good economic times and bad. |
| 0:58.5 | In this episode, I chat with Brian Farrelli about why he decided to write his book, |
| 1:02.8 | Why Does the Stock Market Go Up, The Weaknesses of EBITDA and What to Use Instead, |
| 1:07.4 | Universal Financial Metrics for Analyzing Stock stocks, how to improve your analytical abilities |
| 1:12.0 | in financial statements fast, the importance of understanding market cycles and investor sentiment, |
| 1:17.2 | what to look for, and intelligent buyback programs, his favorite lessons from the late |
| 1:21.5 | and great Charlie Munger, and a whole lot more. |
| 1:24.1 | If you spend any time on Twitter, I can pretty much guarantee you have come across Brian's |
| 1:28.1 | content. His use of graphics to simplify investing is unparalleled. Since I'm a major fan of |
| 1:33.7 | simplicity, I decided I wanted to dig into Brian's brain on investment strategy. Brian is a highly |
| 1:38.7 | talented investing author and educator. Since he's worked with so many investing students, |
| 1:43.1 | he has some very unique views |
| 1:44.4 | on some simple mistakes that investors make. So I decided to point our conversation in that direction |
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