IN THIS EPISODE, YOU’LL LEARN:

• What is the intrinsic value of Disney.
• Why return on invested capital is so important to understand and to use.
• How to understand earnings calls.
• Ask The Investors: How do I start managing money for other people?

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Preston Pysh  0:00
On today’s show we have David Trainer who’s the CEO and founder of New Constructs. David’s company specializes in reverse accounting distortions on the underlying economics of business performance. This means he assesses the core impact on stocks, when accounting rules or corporate actions appear to have an impact on earnings and competitive advantage for the business. And on today’s show, we’re going to be having an in-depth conversation about a really popular stock, The Walt Disney Company. So without further delay, here’s our conversation with David trainer on Disney.

Intro  0:37 
You’re listening to The Investor’s Podcast, where we study the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.

Stig Brodersen  0:57 
Welcome to today’s show! I’m your host Stig Brodersen and as always, I’m here with my co-host, Preston Pysh. As we said in the introduction, we’re very excited to be here with David Trainer from New Constructs. David, thank you so much for being with us here today.

David Trainer  1:12 
Thanks for having me.

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BOOKS AND RESOURCES

• Listen to The Investor’s Podcast’s new podcast, The Good Life.
• Join Preston, Stig, and Sean at the Berkshire Hathaway Annual Shareholder’s Meeting.
• Preston and Stig’s episode on The Power of Moments.
• David Trainer’s company, New Constructs.
• David Trainer’s analysis of Disney.
• David Trainer’s analysis of micro-bubbles.

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