Spend each day trying to be a little wiser than you were when you woke up.

— Charlie Munger

Bruce Greenwald is the Robert Heilbrunn Professor of Finance and Asset Management in Columbia Business School, and also Director of Heilbrunn Center for Graham & Dodd Investing. He recently had an interview with Barron’s [link here], which I find very insightful.

Below are some wise quotes from the article & my thoughts for self-reminder purpose.

Opinion on Discounted Cash Flow

“There is a fundamental stupidity about discounted-cash-flow valuations.”

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