Exploring Context

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TNL was one of the great rollups of the 20th century. From 1950 to 1988, TNL compounded EPS at 20% per year while also paying out a lot of dividends along the way.
Canuck Analysts
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“He said it was going to say on his tombstone that he bought newspapers in order to make more money in order to buy more newspapers and so on” – Buffett
Canuck Analysts
How Bill Foley built several multi-billion dollar businesses and generated one of the best long-term investing track records.
Canuck Analysts
3
An analysis of how serial acquirers work and what to look for to make sure they can continue to scale.
Canuck Analysts
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Exploring Context

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