The vast majority of factors across society and around the world have improved massively for decades. Betting against long term progress is a loser’s game.
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The basic question our PMs ask: “What kind of businesses do you want to own, and how much do you want to pay?”
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Recession Potential and Impact on Portfolio Positioning
Predicting is futile. Buy businesses that have proven resilient through the inevitable storms. Investors are now being reminded of the critical importance of business durability.
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