4min chapter

Animal Spirits Podcast cover image

Talk Your Book: Compounding with Concentrated Portfolios

Animal Spirits Podcast

CHAPTER

The Most Common Reasons for Exiting a Position

The average age of these companies is far greater than the average name in the S&P 500. These are not you're not gonna find Visa ever Training at a deep valuation. When we think there's been a real severe deterioration in either the business people or reinvestment like we're actually fairly quick to sell Regardless of valuation and the fact that our turnover is as low as it is is not by design.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode