“When trades are placed, there are no buy sell commissions… we have what's called a wrapped fee at our office.”
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Said on Retire Right Radio
“…enterprise value to replacement cost… has moved very significantly… memory semi-companies are now valued at three or four times what it would cost to rebuild…”
Django Davidson · The Master Investor Podcast with Wilfred Frost · How to Profit When Cycles Turn - Django Davidson on Capital Cycle Investing
Play from 25:29
25:29
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What was described
Use enterprise value to replacement-cost ratio to decide when to sell or buy memory-semi companies, selling when EV is 3-4× replacement cost and buying when price is below replacement cost
3-4× replacement cost
Said nearby on the same subject
“I’m always quite suspicious when companies don’t have much top line growth… I just decided we should sell it. And so we did sell it.”
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Said on In Good Company with Nicolai Tangen
“When you have a stock that is selling a major part of its business… you want to look at what the proceeds are… then keep an eye on the rewritten sell lines as the share price adjusts”
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Said on Quality At Value - Value Investing In Shares
“When we came to office, there were 60 models of EVs available. Now there is 196… no EVs available for under $40,000. Now there is 15. … Australians who bought an EV will save $76 million by petrol they won't buy this year.”
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Said on Australian Parliament: House of Representatives
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