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Ep 386. Takeaways from Warren Buffett’s Shareholder Letter and Analyzing Ted Weschler’s Dillards Investment

Focused Compounding

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The Value Trap of a Cheap Stock

A lot of times you invest in things without knowing that it couldn't be a value trap. Even the, I don't know about that word, right? The tangible equity was basically what you were paying at a discount if you were really like implementing even more margin of safety. There's also things which we talked about in like the quick FS type stuff that's concerning about what was happening with Ollie Baba when monger bought in That does not appear with Dillard's.

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