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cover of episode Talk Your Book: Turning Capex Into Cashflow

Talk Your Book: Turning Capex Into Cashflow

2025/6/23
logo of podcast Animal Spirits Podcast

Animal Spirits Podcast
AI Deep Dive AI Chapters Transcript
People
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Ben Carlson
一位专注于投资教育和策略的金融专家，通过博客和播客分享投资见解。
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Michael Batnick
作为 Ritholtz Wealth Management 的管理合伙人和研究总监，Michael Batnick 是一位知名的投资专家和播客主持人。
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Sean O'Hara
Topics
Michael Batnick: 我认为自由现金流在投资决策中至关重要，尤其是在评估科技股时。传统的财务指标可能无法完全反映公司的盈利能力，而自由现金流可以更真实地反映公司实际产生的现金。我深信ETF作为一种投资工具，已经被广泛接受，它使得复杂的投资策略变得简单易行，为个人投资者提供了更多元化的投资选择。 Ben Carlson: 我认为自由现金流是一个关键的财务指标，但它在常见的网站上并不容易找到。ETF 使得个人投资者能够以一种简单、自动化和税务有效的方式进行多元化投资。我赞同自由现金流与股票期权等非现金支出不同，它能更真实地反映公司的盈利能力，尤其是在评估科技股时。 Sean O'Hara: 作为Pacer ETFs的代表，我认为自由现金流利润率是衡量公司将销售额转化为自由现金流效率的指标，它难以操纵，是评估公司财务健康的重要工具。我们的QQQG ETF策略旨在避免传统市值加权方法中少数公司权重过大的问题，通过筛选自由现金流利润率最高的50家公司，发掘更多被低估的优质公司。此外，我们还采用动量加权，以提升投资组合的回报。我们的目标是为投资者提供更多元化的投资选择，超越市场回报。

Deep Dive

Chapters
This chapter explores the importance of free cash flow as a key metric for evaluating companies, particularly in the tech sector. It highlights the challenges in readily accessing free cash flow data and contrasts it with readily available metrics like sales and market cap. The discussion also touches upon the role of ETFs in simplifying investment strategies.
  • Free cash flow is a crucial metric, especially for tech stocks where earnings can be misleading.
  • Free cash flow data is not always easily accessible on casual investment websites.
  • ETFs offer an efficient way to access diversified investment strategies, simplifying the process for individual investors.

Shownotes Transcript

On this episode of Animal Spirits: Talk Your Book, ⁠⁠⁠⁠⁠⁠⁠⁠Michael Batnick⁠⁠⁠⁠⁠⁠⁠⁠) and ⁠⁠⁠⁠⁠⁠⁠⁠Ben Carlson⁠⁠⁠⁠⁠⁠⁠⁠) are joined by Sean O'Hara, Director at Pacer Financial and President at Pacer ETFs) to discuss why free cash flow is important, how the index is constructed, how momentum works, valuations within growth stocks, and much more!

Find complete show notes on our blogs...

Ben Carlson’s ⁠⁠⁠⁠⁠⁠⁠⁠A Wealth of Common Sense⁠⁠⁠⁠⁠⁠⁠⁠)

Michael Batnick’s ⁠⁠⁠⁠⁠⁠⁠⁠The Irrelevant Investor⁠⁠⁠⁠⁠⁠⁠⁠)

Feel free to shoot us an email at ⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠) with any feedback, questions, recommendations, or ideas for future topics of conversation.

Check out the latest in financial blogger fashion at The Compound shop: ⁠⁠⁠⁠⁠⁠⁠⁠https://www.idontshop.com⁠⁠⁠⁠⁠⁠⁠⁠)

Investing involves the risk of loss. This podcast is for informational purposes only and should not be or regarded as personalized investment advice or relied upon for investment decisions. Michael Batnick and Ben Carlson are employees of Ritholtz Wealth Management and may maintain positions in the securities discussed in this video. All opinions expressed by them are solely their own opinion and do not reflect the opinion of Ritholtz Wealth Management. See our disclosures here:

⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/podcast-youtube-disclosures/⁠⁠⁠⁠⁠⁠⁠⁠)

The Compound Media, Incorporated, an affiliate of ⁠⁠⁠⁠⁠⁠⁠⁠Ritholtz Wealth Management⁠⁠⁠⁠⁠⁠⁠⁠), receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. For additional advertisement disclaimers see here ⁠⁠⁠⁠⁠⁠⁠⁠https://ritholtzwealth.com/advertising-disclaimers⁠⁠⁠⁠⁠⁠⁠⁠).

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