The Profitability of Unprofitability

Skippy gives a world class overview of how value investing came to be, starting with the godfather, Benjamin Graham. A heated debate erupts over Tobias Carlisle's book, The Acquirer's Multiple, and more specifically whether corporate management excellence equals investment excellence. After tempers subside, they cover an update on SPAC regulation and the Coinbase IPO. The convo wraps with a discussion on China's continued push for a national digital currency.