People need food, soap, electricity, healthcare, payments, logistics, housing, and basic financial services regardless of the economic cycle. Therefore, durable businesses serving recurring human needs can compound value across macro regimes. If bought at the right price, with currency and inflation risk properly considered, such businesses can generate global alpha without requiring accurate macro forecasting.
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Yeah man. This has the deep ring of truth although I don’t know what the title means
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Why own $FART when you can own an office building?
I guess because idiots do not buy office buildings from you
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Also welcome to the concept of consumer staples, bro. This has been known
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