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Ep 358. Elasticity of Demand, Snap Judgments, Capital Allocation, and Judging Growth Capex

Focused Compounding

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The business model that you have the potential to achieve is astronomical. Operating margins of 50 % are possible, right? Thas. And so you can justify, we're talking about price to sales with the was evolution. Gaming was evoltilution. You might not be able to predict how facebook would get and how successful it would be,. But you could say that there's a point it could get to where it's a very, very valuable company.

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