DiscoverNordic small cap stocksValue investing trap 1 - Working capital
Value investing trap 1 - Working capital

Value investing trap 1 - Working capital

Update: 2025-08-13
Share

Description

Some companies always seems to trade at a low multiple. Charlie Munger hates that kind of business.

In this episode I go through the working capital cycle of a product company, and explain why they deserve a low multiple.

If I could go back in time to understand something early in my investing career, this would be high on the list.

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Value investing trap 1 - Working capital

Value investing trap 1 - Working capital

Nordic small caps