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Long-term Contrarian Value Investing Philosophy and Unique Partnership Structure
The chapter explores the firm's approach inspired by Warren Buffett, focusing on long-term contrarian global value investing with a 50-year horizon. It discusses owning businesses through economic cycles, emphasizing a large margin of safety and investing globally to find undervalued opportunities. The chapter also highlights the unique structure of the firm, aligning incentives, setting up investor level gates, and creating genuine partnerships with limited partners.