How Much is Too Much to Pay for a Great Business?
A Focused Compounding member sent me this email: “I’ve just become a FC member and I’ve been listening to the very interesting podcasts from day one. Really enjoying them. Those have convinced me to purchase a membership of 1 year (for now). I have a question that has been spinning my head for a while now. Everybody is looking for this gem of a company with a sustainable competitive advantage and consequently… a high sustainable ROIC or ROIIC. But when you...
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