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BayView Capital Funds Profile picture
BayView Capital Funds
@BVCFunds
Finding the best companies with the largest moats to invest in for the long-term | Views are my own. Not investment advice.
Jun 30, 2020 • 13 tweets • 4 min read
Give this one a listen @altcap @patrick_oshag

Some interesting bits below (apologies for the unstructured train of thought):

Brad Gerstner – Public and Private Investing - [Invest Like the Best, EP.179] open.spotify.com/episode/5vbZZp… #NowPlaying 1/ Investment analysis requires quantitative rigor, but the biggest returns come from a differentiated yet simple qualitative insight applied to a large market opportunity. As the timeline to go public gets pushed out, more economic value is being captured in the private markets.
Jun 13, 2020 • 4 tweets • 2 min read
All valuation is garbage in garbage out. A great way to sanity check your assumptions is to see what the market is thinking re: growth and returns on capital via a reverse DCF. The key assumptions to flex here are competitive advantage period and growth. The stronger your moat, the longer your CAP, and the more shareholder value you can generate. All companies are cost of capital businesses at terminus, but the longer you can delay that, the better. I did the above quick and dirty analysis to sanity check where $MSFT is trading