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#111 Joel Greenblatt: Investing Made Simple
The Knowledge Project with Shane Parrish
Will It Be the Single Worst Going Forward?
There will be definite winners from that group that lose money. Many of those businesses are investing in their future, but it looks like not an investment. It's the same thing as, let's say, amazon doing crie vidio. They spend a lot of money up front, spending billions of dollars on a movies and series,. And they're betting that you'll stay as a customer more than eight or ten years.
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