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Talk Your Book: Compounding with Concentrated Portfolios

Animal Spirits Podcast

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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.

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