Evidence receipt / prediction
Published · transcript-backedBen Gilbert: prediction
30 Oct 2023 Acquired Charlie Munger
“2015, I believe, was the first. It's fascinating to me, this concept of if you look at distressed debt, or you look at (I think) Warren in the last Berkshire letter pointed out, it's been a handful of really good decisions….”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- prediction
- Recorded
- 30 Oct 2023
- Publisher
- Acquired
- Episode
- Charlie Munger
Transcript context
…Yeah, it got cheap. It got to about 10 times earnings when Warren bought in. 2015, I believe, was the first. It's fascinating to me, this concept of if you look at distressed debt, or you look at (I think) Warren in the last Berkshire letter pointed out, it's been a handful of really good decisions…. Or you look at venture capital that's classically power law–distributed. Any of these asset classes comes down to a few really good decisions with high conviction over an entire career. Yeah, that's exactly what worked.…
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