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Value After Hours S04 E21: Chesterton's fence; When quality fails; Inflation, Data and Predictions

The Acquirers Podcast

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Is That a Good Business?

Good businesses should theoretically insulate you somewhat. You just can't overpay, that's the thing. In a high interest rate environment like hiroi, companies should trade at a bigger dispersion. I think it all comes down to what you pay and what something's worth. The price you pay matters. But if you buy dog shed at cheap earnings, and then that dogshed has to continue to re invest, and you never see the earnings,. That's not value, that's just crap.

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