
Ep 383. Fed Raised Interest Rates, Market Cycles, Multi Strat Portfolio, & Airlines Look Cheap
Focused Compounding
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Can You Find Any Other Industry for Really Big Companies?
Airlines burn cash a lot because they have so much in terms of prepaid things for tickets and stuff. So that's kind of similar to some other industries like advertising The same thing is that obviously if they grow a little bit all the time you'll always have a benefit to free cash flow But this is a more cyclical industry And so when you have a huge downturn it will use up cash in that year, right? If I was managing a huge fund it after looking at this I was like maybe a lot of airlines would be full of airlines. Maybe your lines would be the biggest thing Probably would be really I can't find any other industry for a really big company.
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