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Simon Black: The Most Important Companies in the World are Absurdly Cheap


The most important companies in the world are absurdly cheap Simon Black June 19, 2023 1866 was not an auspicious year to start a business in the United States. America had just been devastated from a five year long civil war– one of the bloodiest conflicts in US history. Plus the country was in the midst of a severe economic recession. 1866 was also the year that a major investment firm in London went bankrupt, triggering a worldwide financial panic. Capital was scarce. Interest rates were high. And overall business conditions were pretty dismal. But despite such obvious challenges, 36-year…

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