Ep 382. Franchise Value, The Secret to Geoff Gannon’s Investing, and Analyzing Airline Stocks
Focused Compounding
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Are You Using Very Recent Earnings for Container Stores?
I would be comfortable using very recent earnings for something like a bank or like an ad agency. But there've been things that have distorted that certainly with banks. And so I wouldn't do that. It's mostly to avoid overpaying because if you have confidence in what earnings normally are, then it's not that hard to know that you're not paying too much for a business.
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