Hook
Daily news and insights on stocks, crypto, and finance. Join our newsletter!
More breakout videos from this creator.
so beer right so beer so I'm pouring the middle thick head. so beer right so beer so I'm pouring the middle thick head. The analogy is the stock market so the value in a stock the stock is what makes up the price of is a combination of two things of two things beer and it is the foam and the unlike that glass vessel like this to see exactly beer there is as opposed to foam there is and the beer the foam is what the market determines that's worth at any given moment based on and hype and speculation and fear and greed and so up here right is the total the stock right exactly of the stock but this is all foam that can come very quickly and I guess greatness if I've interpreted his writing correctly and why he considered as the greatest investor was he was able to pay for stocks where it was mainly beer and he paid at the price the phone or he for times the sentiment was so negative that he was actually paying a little the price of the beer very very hard day and age they started back to find companies can actually buy it for less actual beer value so don't try to find companies pay a fair price for lot of beer in the mix mostly beer because if you buy those companies by definition very well run companies strong brands big moats around them which makes them hard to compete.