Investing in Value Stocks or Grow Stocks

High quality is a very overused term, i think, investing in general, right? Whose cantsay that they own something that is of high quality? But we really spend time thinking about what a quality business is. And when you think about this highly inefficient asid class of small cavs, we tend to focus on businesses that don't need access to the capital markets to grow. Those are the businesses that can use typical processionary periods, or moments like we've been in over the past 20 months now, to actually improve their lot in life,.