CapEx

“I try to buy businesses, non-financial, regular businesses at 10 times EBIT.less CapEx.”

“And really what investors are looking for is not that people can't transform their businesses, but that they do it in an incremental way, in a way where you take small steps, You make sure they work and you get better and better over time rather than I'm going…”

“The CapEx will be overbuilt. Infrastructure, highways, all these things, you ultimately in a CapEx cycle, you just don't know if today you're in the third inning or eighth inning.”

“AI Moving at warp speed, involving a greater CapEx program than has ever happened before outside of war.”

“The cumulative capex of all these MAG companies in their history is one and a half trillion dollars. Think about it. Now they're talking about three trillion in just three years.”