My equity investments fall in the following categories:
1) Net nets
2) Deep value non net nets
3) Avg businesses
4) High quality compounders
Over the past 25 years, 95% of my profits came from 1) and 4). Everything else was a waste of time.
We have declassified a picture of the wonderful dog (name not declassified) that did such a GREAT JOB in capturing and killing the Leader of ISIS, Abu Bakr al-Baghdadi!