Brandon van der Kolk
speaker
629 appearances
1 recordings
1 series
first heard Jul 2026
last heard 20 Jul
Brandon van der Kolk’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
And then we give ourselves a margin of safety to account for the fact that we can't
trust or we can't actually predict the future.
So, we need to give ourselves, okay, sure, we've done the best of our abilities.
We've gotten this number that we think is roughly the intrinsic value.
We're not sure, you know, COVID could happen, who knows something.
So, actually build in a buffer into that number and then we'll figure out whether we can buy it for that price that we've calculated in today's market.
A lot of the time, the answer is no.
Sometimes it's yes.
If it's a yes, then it's like, woohoo.
But yeah, it's-
Those opportunities are few and far between, but that's basically the process.
I go through it in much more detail and I actually use Apple as the example because we go back in the book and look at Warren Buffett's investment in Apple, which he started buying in 2016, because now we've actually got hindsight of about 10 years since Buffett's investment.
So we can actually look through
Buffett's lens and do a valuation, see how it went over time or what intrinsic value he figured out and where it might be in 10 years.
And now we can actually look, well, where is Apple in 10 years?
Because 10 years is today.
And the interesting thing from doing that, I don't want to give it away too much, is that doing the discounted cash flow the way Warren does it,
You're actually pretty wrong.
Apple's actually not where we thought it was.
But because Warren applied his 50% margin of safety, it didn't matter that we were wrong.
Showing 401–420 of 629 · page 21 of 32
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