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Michael Mauboussin Master Class — Moats, Skill, Luck, Decision Making and a Whole Lot More
Acquired
Is There a Premium on Management?
In an option, what you want is lots of volatility. And so that's where there becomes a big premium on management. There was a lot of really interesting stuff going on the early two thousand so, 20 years ago,. But it was e bear market, a huge hangover from the dot com and there was just limited access to capital.
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