Ep 368. Favorite Buffett Lessons, Yield Curve, Inflation, Management Teams, & Matching a Style to Your Personality
Focused Compounding
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How Do You Feel About This if It Was Down 50%?
Yonowy: I think it's just different. Let's say, if you buy a company that is a great business, and now it's down 50%. Yonowy: You're basically betting on rates going back down. Now investors will be more long dated and bid the stocks up. And so we're much more in that old school thing about it. We're pretty um anchored to low multiples.
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