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How to value a company: Basics explained Pt. 1

Equity Mates Investing Podcast

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The Hard Thing About Discounted Cash Flows

A lot of experts don't get it, and this introduces Brice's Man of the Year in 2022. The guy who worked for Morgan Stanley. He said there is a very high probability that this is valued at a dollar. So valuation is an opinion. And recency bias turns it around and says what happened in the immediate past is actually not a fair representation of the future. You need to understand the business and where it's going and predicting the future is hard.

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