Part 2/13:
The discussion begins with a brief recounting of a spat between the speaker and Gary Black, a well-known fund manager, on social media platform X. Gary commented that retail investors tend to focus heavily on understanding products and neglect the crucial aspect of valuation. He argued that many analysts, including prominent figures like Herbert, don't spend enough time assessing whether a stock’s price aligns with its intrinsic value, especially highlighting Tesla's valuation.