This podcast delves into the nuances of investing, emphasizing the distinction between data and information, the challenges of statistics and mean reversion, and the significance of intrinsic value and interest rates. It explores the changing nature of assets, the difficulties in valuing intangible assets, and questions the use of adjusted numbers in financial analysis. The speakers also ponder upon the impact of passive investing on market discipline, and the importance of nurturing common sense in decision-making.
