This podcast episode features Michael Mauboussin, who shares insights from his book "Creating Shoulder Value" and discusses the importance of cash, strategy, and intangible investments in evaluating business value. The episode explores the concepts of venture capital, security analysis, optionality in early-stage investments, and the interplay between luck and skill in decision making. It also delves into the challenges of achieving extraordinary streaks and the evolving landscape of the finance industry. The speakers touch on decentralized finance, the potential for a $10 trillion company, and the changing dynamics of top companies in different sectors. Overall, the episode provides valuable perspectives on investment research and the factors to consider when assessing the market.
