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Geoff Saab: Low Risk Investing

The Security Analysis Podcast

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The Problem With Projection of Growth Rates

A lot of research is basically projecting out in a linear fashion recent growth rates. And so when you've got a company that's been growing fast, everyone just kind of, they take out the ruler and they draw a line. So I really think that it's the way that people value businesses basically extrapolating recent growth linearly. It doesn't work.

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