Charlie Munger on Mixing Factors to Find Value and Price when Investing
In this interview, Charlie Munger is asked about his approach to investing and whether he uses a formula to determine intrinsic value. Munger explains that he doesn't have a formulaic approach and instead considers all the factors, both quantitative and qualitative. He uses the example of Costco, which he thought was a great investment even though it was trading at a higher multiple because of its competitive strength and potential for growth. Warren Buffett also weighs in with a playful comment about Munger's love for Costco. Learn more about Munger's investing philosophy in this insightful interview.
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