Part 11/13:
He stresses that the fundamental truth is simple: there is only one true way of valuing stocks—predict future cash flows and discount them to the present. Anything else is inferior or incomplete.
Final Thoughts: Be a Reality Engineer
To succeed, investors must embrace the discipline of modeling the future, understanding mega-trends, and constantly refining their predictions. The speaker encourages building community and learning from others, emphasizing that predicting the future is a skill that can be cultivated.
By mastering this approach, you consistently generate true alpha, grow your capital faster, and avoid the pitfalls of relying on misleading metrics or gut feelings.