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The Catch 22 of Investing in Higher Quality Companies
TIP: As someone that's younger and is continuing to learn more about investing, I know you talked about how you learned a lot along the way. And one of the biggest struggles for me is the catch 22 of you want to own a great business, but oftentimes the market knows it's a great business and it's trading at a higher valuation or a higher multiple. TIP: Some investors kind of struggle with that because maybe 20, 30 years ago, a lot of these higher quality companies weren't trading at as higher multiples. But maybe we'll see that direction shift a little bit with higher interest rates now, too.