4.8 • 2K Ratings
🗓️ 16 September 2024
⏱️ 34 minutes
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0:00.0 | Today's Animal Spirits Talk Your Book is brought to by Victory Capital. |
0:03.4 | Go to Victory Shares.com to learn more about the Victory Shares Free Cash Flow ETF |
0:08.8 | and the Victory Shares Small Cap Free Cash Flow ETF. |
0:11.5 | That's VFLO and SFLO. Again that's victory shares |
0:15.1 | dot com to learn more. Remember all investing involves risk. Victory shares |
0:19.5 | EDFs are distributed by Fourside Fund Services LLC and you can visit VictoryShares. |
0:25.2 | For details and prospectuses. |
0:27.0 | Welcome to Animal Spirits, a show about markets, life, and investing. |
0:34.0 | Join Michael Batnik and Ben Carlson as they talk about what they are reading, writing, and watching. |
0:39.0 | All opinions expressed by Michael and Ben are solely their own opinion and do not reflect the opinion of |
0:44.0 | Riddholz Wealth Management. |
0:45.7 | This podcast is for informational purposes only and should not be relied upon for any investment |
0:50.2 | decisions. |
0:51.2 | Clients of Riddhholz wealth management may maintain positions |
0:54.0 | in the securities discussed in this podcast. |
0:59.0 | Welcome to Animal Spots with Michael and Ben. |
1:01.0 | On today's show, we're talking about how to build a portfolio using free cash flow as the underlying metric. |
1:07.0 | Then a lot of the traditional value research in the academic world was focused on the price to book factor. Book value is essentially |
1:17.0 | the net asset value of the company. The first time that I saw a free cash flow, which is I guess like the modern day book value, |
1:27.0 | the first time that I think I saw that was Michael Mobison, who spoke about how using free cash flow as a metric, would have screened, |
1:38.0 | or you would have, using free cash flow to value Amazon would have showed you, yeah, this company on a gap basis is losing |
1:49.8 | money for the last 37 quarters in a row or whatever it is. |
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