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Dan McMurtrie: Research Process, Inverted Shorts & Post-Consciousness

Value Hive Podcast

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I'm Not Going to Catch Em, Right?

i'm a lot more interested in businesses that are trading exactly the market multiple. i don't really believe in the idea of an average business, because if it's actually completely average, then it's completely undifferentiated and won't stay there. What we're really looking for is something where that incremental thing that seems silly one a, either removes a significant constraint inside or outside of the business,. Or changes consumer behavior significantly in bto c businesses.

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