Ep 383. Fed Raised Interest Rates, Market Cycles, Multi Strat Portfolio, & Airlines Look Cheap
Focused Compounding
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Is Southwest a Good Example of a Low Cost Airline?
Airlines are asset light for the most part. There's not much use for a lot more capital being put into there. If they don't grow their market share and stuff much and we just have price increases over time you're not gonna need to put in more capital into these businesses. So if they're not gonna take more capital then that also kind of makes it that it would make more sense to pay a higher price.
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