Ep 382. Franchise Value, The Secret to Geoff Gannon’s Investing, and Analyzing Airline Stocks
Focused Compounding
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Are You Buying a Restaurant or a Retailer?
Would you rather own a restaurant or a retailer? It depends on the price. Most of these grow to the point where, you know, eventually the returns on capital go down to like nothing. So that's kind of the thing that happens to all these retailers and restaurants too.
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