Liberty Posted January 15, 2014 Share Posted January 15, 2014 http://oddlotinvest.files.wordpress.com/2014/01/barron_s-interviews-seth-klarman.pdf Saw this linked on Twitter earlier today. Sorry, I forgot who it was that linked it :-[ Link to comment Share on other sites More sharing options...
Mephistopheles Posted January 15, 2014 Share Posted January 15, 2014 I found this funny: "It is very hard to pin down what the value of a future set of cash flows from a business, be it cable TV or biotechnology, is going to be. Some are easier to predict than others. But it is very hard to predict what those future cash flows are going to be. And it is very hard to ascertain the correct discount rate to bring them back to the present with." Link to comment Share on other sites More sharing options...
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