Hey Reader,Did you know Professor Damodaran constantly emphasizes that there is no single "correct" value for a company? Valuation is filled with uncertainty and bias. The goal isn't to be perfectly right, but to be "less wrong" over time. He views valuation as a craft that improves with practice, humility, and a willingness to acknowledge what you don't know. In today's issue: Aswath Damodaran covers the dark side of valuation Checklist to help evaluate management and capital allocation...
10 days ago • 1 min read
Hey Reader, Warren Buffett transformed investing by emphasizing “moats”—the lasting competitive advantages that protect great businesses. As he wrote, “The key to investing is determining the competitive advantage of any given company and, above all, the durability of that advantage.” In today's issue: How Pat Dorsey builds wealth by investing in wide moat businesses. Terry Smith on the art of compounding and investing. Morgan Housel shares some very "bad advice." Much more.... 💸Sponsored by:...
17 days ago • 1 min read
Hey Reader,Warren Buffett once said, “Nobody buys a farm based on whether they think it’s going to rain next year. They buy it because they feel good about owning it over 10 or 20 years.”Why it matters. Invest in businesses you’d hold for decades, not stocks you’d flip next quarter. Ignore short-term noise and focus on durable companies. In today's issue: Warren Buffett explains his approach to valuing a company. Google is fighting back against the rumors Search is coming to an end. Moats and...
24 days ago • 1 min read
Hey Reader,Did you know Warren Buffett considers his investment in Berkshire Hathaway his greatest investment mistake? It's true, he has said many times over the years it was his biggest mistake. In today's issue: How to avoid investing mistakes. Buffett's thoughts on a DCF. How to intrepret drawdowns and recoveries. Much more.... đź’¸Sponsored by: Finchat.io Analyzing companies is tough. But having the right tools can make it that much easier. That's why Andrew and I's #1 recommended stock...
about 1 month ago • 1 min read
Hey Reader, Did you know that while working as a caddy during his sophomore year at Boston College, Peter Lynch used his savings to buy 100 shares of Flying Tiger Airlines at $8 per share. The stock later rose to $80 per share, and the profits helped pay for his education. In today's issue: Peter Lynch teaches beginners how to invest. How to build an investment process. What could disrupt Google and the internet? Much more...... đź’¸Sponsored by: Help The IFB Podcast team by filling out our...
about 1 month ago • 1 min read
Hey Reader,Did you know Charlie Munger coined the term “lollapalooza effect” to describe how multiple factors—like a strong brand, pricing power, and customer loyalty—can combine to create extraordinary value in a company. He often uses this to explain why some companies (Costco) are worth far more than their competitors. In today's issue: Slides from the goat of valuation, Aswath Damodaran Michael Mauboussin breaking down a DCF Joel Greenblatt's Columbia Class lecture notes Much more..........
about 2 months ago • 1 min read
Hey Reader,Did you know that Peter Lynch's favorite research tool, he of the 29% returns, was visiting stores, talking to employees, and seeing products in real life. In today's issue: Learn how to invest like Peter Lynch - breakdown of his strategy How much research is enough? How to analyze a stock Much more..... đź’¸Sponsored by: Value Spotlight Let's get real.... You could learn most of our educational information for free online. You could easily find a community on many different social...
about 2 months ago • 1 min read
Hey Reader,Did you know, when asked, Warren Buffett has always felt like his purchase of Berkshire Hathaway in 1965 was his worst investment. In today's issue: Links to the 2025 Berkshire Hathaway annual meeting Breakdown of the big news from the meeting Resources to learn more about Buffett and Berkshire Hathaway Much more..... đź’¸Sponsored by: Value Spotlight Investing is hard. Trying to pick individual stocks takes time and effort. But what if you could find someone to do the work for you?...
about 2 months ago • 1 min read
Hey Reader,Did you know Chuck Akre coined the term "compounding machines" to describe businesses that can reinvest their earnings at high rates of return over long periods. He prioritizes companies with durable competitive advantages like Visa, Mastercard, and American Tower. In today's issue: How to analyze a balance sheet < 2 minutes Breakdown of the Health Care Industry The ups and downs of buying the dip Much more. đź’¸Sponsored by: Finchat.io FinChat only runs two sales per year. One on...
2 months ago • 1 min read