How to Predict the Future of a Business (Like Charlie Munger)

According to Charlie Munger, “the game of investing is one of making better predictions about the future than other people.” In Episode #81 of the CMQ Investing podcast, I share the framework I use to make predictions about the future earnings of a business, and explain why I avoid investing in businesses whose futures are difficult to predict. If you enjoy the episode, please follow the podcast and share it with a friend.