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Bill Bernstein on Financial History, Star Managers & The 4 Pillars of Investing | #490

The Meb Faber Show - Better Investing

CHAPTER

The Math of Charging 20% Carry on a 100 and Fifty Billion Dollar Company

The math of this doesn't necessarily work out for some of these clamor stocks. But people are still seduced by the glamour stocks. Why is that? Is it just like it's in our nature to want to hit the grand slam instead of, you know, button singles?

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