MH+ Ep. 21: Kevin Catches Up With Rupert Mitchell
The Market Huddle
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The Phenomenon of Not Marking Books to Market
This chapter explores the practice of not marking books to market, despite criticism, and its continued attraction of assets. It discusses the longer time frame of investments and the reluctance to report volatility as contributing factors. It also examines the history of alternative investments and the benefits of buying equity at lower multiples.
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