The Best Investment Writing Volume 3: Aswath Damodaran – The Perils of Investing Idol Worship: The Kraft Heinz Lessons!
Last year when we published The Best Investment Writing Volume 2, we offered authors the opportunity to record an audio version of their chapter to be released as a segment of the podcast, and listeners loved it. This year, we’re bringing you the entire volume of The Best Investment Writing Volume 3 in podcast format. You’ll hear from some of the most respected money managers and investment researchers all over the world. Enough from me, let’s let Aswath take over this special episode.
Key Points
- Kraft Heinz's struggles reflect broader challenges in the food industry, where even strong brand names and cost-cutting measures can fail to reverse trends of flat revenues and declining margins.
- Warren Buffett and 3G Capital's experience with Kraft Heinz shows that even the most respected investors are prone to human error and that their strategies may have limitations, especially in changing markets.
- Dividend-based investment strategies can be risky, as high dividend yields may signal unsustainability, and companies are under no obligation to maintain dividends if financial circumstances change.
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For detailed show notes, click here: https://mebfaber.com/2019/08/12/the-best-investment-writing-volume-3-aswath-damodaran-the-perils-of-investing-idol-worship-the-kraft-heinz-lessons/
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Chapters
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Transcript
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