Finding Long-Term Outperformance (October 2019 Edition)

There is a new update out on Patreon where I profile a somewhat well-known company that is engaging in unusually conservative accounting practices such that the P/E ratio looks higher than would be the case if it reported earnings in the same manner as its industry peers. This firm has delivered 13% annual returns since 1979, and it appears primed for similar performance over the next 10+ years as well.

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