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Realized this is a great PE thesis: buy companies that don't have a recurring narrative, but do have recurring revenue. Example: insurance companies. Warren Bu
by rogerkirkness 3y ago
Realized this is a great PE thesis: buy companies that don't have a recurring narrative, but do have recurring revenue.
Example: insurance companies. Warren Buffet like 50 years ahead on this game I think. Fix narrative, sell company, repeat.
- voicedYoda 3y agoTo be fair, how many companies has he (or Berkshire Hathaway) sold?