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CONSISTENT COMPOUNDERS PORTFOLIO

1) Decentralised execution 2) CXOs - their quality and tenure at the firm 3) Historical evidence of implementing succession in CXO roles 4) Independence of Board of Directors Growth in cash flows Longevity of cash flows Outcome: 1) Position sizing of stocks relative to others in our portfolio; and 2) Absolute valuation of stocks

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  Decentralised

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