Annual Prospect PM Webinar by Guy Spier published on 2020-10-06T14:18:41Z Episode Summary In this call we share thoughts and ideas with a broader group of people around Aquamarine. Some topics of discussion are how coronavirus has affected the finance world and where value investors should look for new opportunities. Episode Notes Full transcript available here: https://aqfd.docsend.com/view/5e5yezadn3sziyvf Contents: The Spier Family Perspective (02:26) Variety of Reactions to the COVID-Crisis (06:19) Aquamarine Fund’s Response to the Crisis (14:42) Is Value Investing Dead? (27:40) Where Do the Opportunities for Value Investors Lie? (37:23) The Advantages of Smaller Banks (51:07) Finding the Slow Burners (59:28) The World of Currencies (1:05:03) Valuation from First Principles (1:19:39)