Bill Miller on the Classical Value Portfolio (Podcast)
Masters in Business
00:00
Is There a Difference Between Capital-Intensity Companies and the Bigger Companies?
There has been a gradual increase in what investors are willing to pay for a dollar earnings. Some people have argued that it is a function of how much less capital-intensive companies are today. No one's going to catch up with Amazon or Google or Facebook, he says.
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Transcript
