The Importance of Capital Allocators

In 2015, we bought a company in India called Rain Industries. It was trading at what I would call a future PE of one. We ended up owning a third of the company for about $7 million. The only negative is that we could only put 7 million in because it was so small. So as long as the capital allocators are in place and they're doing things, even if the discount goes away, just take with it.

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