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Value After Hours S03 E38 Drawdowns, How Does Quality Work? and Love and Meditation, Bad Ideas, OTC sales

The Acquirers Podcast

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The Returns to Quality Are Flattish

The returns to quality do seem to be dictated a little bit by the multiples that you pay. So lower multiples for good quality tend to deliver pretty good returns, and high multiples are flattish. Buffet is trying to hold quality businesses, but he's trying to buy them when they become value.

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