MI209: The Art of Value Investing w/ Drew Weitz & Barton Hooper

<p><strong>IN THIS EPISODE, YOU’LL LEARN: </strong></p><ul><li>01:55 - What makes Weitz’s equity and fixed income funds different from others.</li><li>04:20 - Weitz’s overall investment process and how it has evolved over time.&nbsp;</li><li>04:20 - What their “quality at a discount” (QAD) investing framework is.&nbsp;</li><li>11:45 - What 6 factors they look for to assess the quality of a company.&nbsp;</li><li>14:16 - What discount rate they use when projecting out cash flows.&nbsp;</li><li>24:01 - Their thoughts on Google, Facebook and Amazon stocks.&nbsp;</li><li>26:44 - Their investment thesis for Liberty Broadband.&nbsp;</li><li>31:30 - What drives large discrepancies between a companies’ enterprise value and market cap, and what should investors be more focused on.&nbsp;</li><li>37:52 - Why Accenture stock has been one of their core holdings for 10+ years.&nbsp;</li><li>And much, much more!&nbsp;</li></ul><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>EPISODE RESOURCES</strong></p><ul><li>Check out <a href="https://weitzinvestments.com/about/our-team/default.fs#leadership" rel="noopener noreferrer" target="_blank"><strong>Weitz Investment Management</strong></a>.&nbsp;&nbsp;</li><li>Related episode: <a href="https://www.theinvestorspodcast.com/millennial-investing/value-investing-digital-age/" rel="noopener noreferrer" target="_blank"><strong>Value Investing in the Digital Age w/ Adam Seese - MI196</strong></a><strong>.</strong></li><li>Related episode: <a href="https://www.theinvestorspodcast.com/millennial-investing/rewind-warren-buffett-value-investing/" rel="noopener noreferrer" target="_blank"><strong>Warren Buffett Value Investing w/ Gary Mishuris - MI Rewind</strong></a><strong>.</strong></li><li>Related episode: <a href="https://www.theinvestorspodcast.com/richer-wiser-happier/investing-legend-bill-miller-on-amazon-bitcoin-buffett/" rel="noopener noreferrer" target="_blank"><strong>Investing Legend