My guest today is Mr Fui Gbedemah: From the company's website:« He stands out for his deep understanding of Value Investing. He has worked in recent years for two major Canadian fund manufacturers. He is a Concordia University graduate (B.Comm). He has passed all three levels of the CFA Program, and may be awarded the charter upon completion of the required work experience. »

Here is an overview of what we will be discussing:

Part 1: Early value investing: Graham & a focus on hard assets

- How did Ben Graham value companies?

- What was the context of the time he lived in?

Part 2: Buffett & Munger: Focusing on earning power & intangibles (Sees, Coca Cola, etc)

- How did Buffett buy Sees and what did he see in it?

- How then did he scale this idea into a bigger position into Coca Cola?

Part 3: Where are we now? Business models that require less capital. The concept of zero marginal costs (Facebook, Uber, etc).

- Explain the concept of Zero Marginal Costs?

- A public company example of the idea: Facebook- Another example (Google)?

- What are the societal implications of these business models?

- Is Buffett adapting?

In conclusion, is value investing truly dead or still alive & well?