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Value investing in shares: applied curiosity & finding great companies ft. Gaurav Sodhi

Australian Finance Podcast

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The Importance of Heuristics in Investing

I like to think that over time investors become basically patent recognition devices where we can almost tell the story a little bit before it happens. A great business is one that can generate a high return on capital. Great management is management that acts like owners and allocates capital sensibly. And a great price is as low as possible. Those three things never combine together except in moments of panic and crisis. You need a handful of those periods to do really, really well.

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