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Ep 362. Value Stock vs. Value Trap: The Importance of Business Momentum

Focused Compounding

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Games Work Shorp

Games workshop has gone from being a micro cap o being valued over five billion dollars, you ask, within ten years? Yet? Within ten years. It is fascinating that the revenue growth is only like ten % during that time period but return invested capital in a bad year for this company was forty%. So many of the companies i were talking about don't have that possibility because they don't have those kind of ama growth rates. That way creating that much value. If they have the same growth rate, it doesn't create as much value. They also had the traditional things that youw'd see with a very strong company. Turns a gross margin, rigt gross margin was some of

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