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Investment Management is Not a Drinking Game

Aside from a mayonnaise issue, one of the largest pet peeves here is the following: focusing one’s time on finding interesting businesses and values first and then considering some macro considerations next is known as “Bottom-up” investing. It is NOT “BottomS Up.” Have you ever heard someone say we are a Tops Down investor? I didn’t think so. Please assist us in stamping this out.

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