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Value After Hours S03 E29: Lumber, Einhorn's Greenlight Letter, 17.5% Yearly Returns Expectations

The Acquirers Podcast

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Capital Investing in a Commodity Industry

Toby: Is it harder to construct a mill? Or is it harder to grow a pine forest? I mean, it's like with lumber, i think everything depends, right? Like in all of these industries and commodity industries, you can invest in building new capacity, but you could also invest in improving the efficiency of existing capacity. It's one of my favorite investment theses is that you can't have a baby in one month by getting nine women pregnant. And so there's some things that just take time. You're going to build out a an over built fibre network. Tll, there's nothing you can do. Nif gogll tried, you can't snap

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