Income Streams and Royalties ft. Dan Ferris

Dan Ferris joins The Big Trade Series for the second installment of a two-part discussion on valuation metrics. To begin, Dan talks about how he made his controversial call to sell Berkshire Hathaway last year. This is followed by a discussion on MFC Industrial’s business as a global supply chain company. The two then share their thoughts on the vertical integration of certain companies and the way to evaluate them. Dan mentions some aspects that a company needs to cover to be attractive to investors, and they wrap up the conversation with a discussion on politics and economics.