Tony noticed this article by Bob Desmond from Evans & Partners and thought I should share it with you. Excerpt:

“…we prefer to construct a portfolio of 10-15 high quality businesses, whose earnings have a very good chance of growing well ahead of inflation over a long period of time ― and when the inevitable bad times come, we know we own time-tested business models, fortress balance sheets and seasoned management teams that will get us through to the other side.”

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