Why our commitment to a single investment philosophy, uncommon co-investment, true active management and experience have generated attractive returns versus the benchmarks over nearly half a century
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Free Cash Flow Yield as a Measure of Value (2:13)
The insight that this obscure statistic can reveal about the valuation of a business
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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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The ever-expanding margins and valuations of the past decade are unlikely to be sustained
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