Ep 346. Q&A: Investing Mistakes, Holding Compounders, ROIC, FCF + Growth
Focused Compounding
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I Wouldn't Buy Costco Today but I'm Still Holding It
It's pretty difficult to identify what price is too high for a really good company, but it's not impossible. If you could buy something at 10 times earnings, you might want to buy as much as you can of it at 30. So that growth is very valuable because the high returns on capital changes everything. And when it has a ton of growth, it's worth a lot more.
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