businesses
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Nov 17, 2022 by Andrew Wilkinson · across every show →
Everything said about businesses, oldest first
Nov 17, 2022
Wilkinson: Holding declining businesses beats selling for 1x profit
“Let's say the business is on a major downslope. You might get like one times profit. And so you're basically making a bet that it's going to die before a year, which very few businesses die that quickly. And so usually it's better off just to hold forever.”