Spencer Jakab
speaker
981 appearances
14 recordings
1 series
first heard Jul 2017
last heard Jun 2021
Spencer Jakab’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Decoding Warren Buffett: Book Value vs. Market Value · 27 Feb 2019
podcast
And they thought that it was a bit of a stodgy for pointing to the book value for so many years.
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There are not many companies that measure their shareholder wealth creation in terms of book value.
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They measure it just in terms of market value.
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And they viewed this as somewhat throwing in the towel.
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But, you know, what he said is that it's at least closer.
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It's at least a better measure of wealth creation than book value because book value is sort of, you know, it's just moving farther and farther away.
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I'm not going to change.
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This is still, you know, or largely a conglomerate that has operating businesses.
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It's not going to sell these businesses.
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It's going to keep them for a long, long time.
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And so that gap is going to keep on growing.
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And so it just is not useful anymore.
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And the only other measure out there, he's not going to give you a measure of intrinsic value because that's totally subjective.
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So the market is the only other thing out there.
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It's the next best thing, but it's not very good.
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Yeah.
voice-verified
Now it's called, you know, when Lambo is in the Urban Dictionary, which is when will I be able to buy a Lamborghini with my cryptocurrency winnings?
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Yeah, I think about 3,300-something this morning.
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It depends on which exchange you look at.
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But yeah, it's down very substantially from the peak.
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Showing 501–520 of 981 · page 26 of 50
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