Dev is a fascinating, articulate investor; thanks for your work on his approach and portfolio. A couple of things:
1. He has sold the Aspen position as of his most recent 13F filing.
2. He doesn't view S&P's IHS Markit acquisition positively; he sees it as weakening its business. He would prefer they stick with the higher quality businesses of ratings and indices.
3. He recently bought MSCI. It is certainly high quality, but I haven't been able to come to a valuation that would have afforded him a margin of safety.
Dev is a fascinating, articulate investor; thanks for your work on his approach and portfolio. A couple of things:
1. He has sold the Aspen position as of his most recent 13F filing.
2. He doesn't view S&P's IHS Markit acquisition positively; he sees it as weakening its business. He would prefer they stick with the higher quality businesses of ratings and indices.
3. He recently bought MSCI. It is certainly high quality, but I haven't been able to come to a valuation that would have afforded him a margin of safety.
Thank you, BoiseCFA!
1. He did, yes. Wondering why, though.
2. He did mention that so I've heard. I do not know what to make of the acquisition. Usually I'm not a big fan of those.
3. MSCI is a high-quality business, but the valuation also sparked my curiosity. The valuation indeed left no room for ''error''.
In essence, a company growing slower but longer beats the company growing faster but eventually dying out.
You've hit the nail on its head!
Thanks for the write up Yorrin! Restacking.
Thank you, I appreciate it!