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Pieter Slegers: Compounding Quality: Lessons from the Investing Legends

Talking Billions with Bogumil Baranowski

CHAPTER

Value Bias and Quality Investing

The chapter discusses the value bias in focusing on owning businesses rather than daily price fluctuations, emphasizing a three-step approach to quality investing. It explores the concept of investing in wonderful companies with exceptional managers at fair valuations and the significance of competitive advantages or 'modes' in selecting investments. Additionally, the chapter delves into the criteria for identifying quality companies, the concept of 'skin in the game,' and the importance of capital allocation in maximizing long-term returns.

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