This Week in Startups Tech takes action against Russia, Backbone's mobile gaming device + Joel Greenblatt from Gotham Capital | E1397
Mar 2, 2022
In this discussion, Joel Greenblatt, managing partner at Gotham Asset Management and author celebrated for his value investing strategies, dives into the current stock market landscape and the increasing participation of young investors. He shares insights on finding value in today’s volatile market and tackles the complexities of taxes and loopholes. The conversation also highlights major tech companies’ responses to the Ukraine conflict and introduces Backbone, an innovative startup revolutionizing mobile gaming.
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Costco's Model
- Costco's membership model allows them to be the low-cost provider, selling goods at break-even.
- This virtuous cycle attracts more members seeking bargains, making it hard for competitors.
Intelligent Investing
- Invest intelligently by valuing a business and buying it at a discount.
- Consider future cash flows and variant perceptions for smarter investments.
Speculation vs. Investing
- Speculation lacks attached earnings, making valuation difficult.
- Differentiate between investing, based on earnings, and speculating, like with crypto.
