Mar 4, 2024
Dan and Corey kick off the
show by discussing Warren Buffett's recent letter to
Berkshire
Hathaway shareholders. In it,
he honored his late colleague and friend Charlie Munger,
plus
gave updates on some of
Berkshire's businesses. Dan and Corey also cover Apple
switching
its resources over from
electric vehicles to artificial intelligence. (0:41)
Next, Rick Rule – president and
CEO of Rule Investment Media – joins the conversation.
He
goes into depth on models, such
as the discounted cash flow model. He talks about the
flaws
with models, why models are
only useful for apples-to-apples comparisons, and how a
model
can be used on exploration
companies or similar companies that don't have
revenues.
(24:32)
After, Rick goes into detail on
the uranium market. He describes why uranium
companies
have mothballed production,
what makes uranium so unique in the natural resources
world,
the differences between the
spot and term markets, and how to interpret uranium
companies' financials.
(33:18)
Lastly, Rick calls out several
commodities that present good investing opportunities
today.
He describes one of them as
"stupidly cheap"... another he says is hated by investors and
its
market is in disarray... and
the final two, he explains, are being sold off because of
an
incorrect belief that we don't
need internal-combustion engines anymore. Rick even
goes
one step further and namedrops
specific companies that could be worth looking into to
take
advantage of these price
discounts. (49:15)