The Corporate Life Cycle: Corporate Finance, Valuation and Investing Implications!
Musings on Markets
AUGUST 19, 2024
In the manufacturing-centered twentieth century, it took decades for companies like GE and Ford to scale up, but they also stayed at the top for long periods, before declining over decades. Advice on concentrating your portfolio and having a margin of safety, both value investing nostrums, may work with the former but not with the latter.
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