Ep 386. Takeaways from Warren Buffett’s Shareholder Letter and Analyzing Ted Weschler’s Dillards Investment
Focused Compounding
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The Effects of Cuts on Profitability
Schaefer: Some companies cut expenses, did everything they could to get ready for a drastic decline. He says instead they had the biggest boom that they'd ever seen. "If companies knew, let's cut as much as we can right ahead of a giant boom, yeah, your profitability is gonna be amazing"
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