Reddit: Tobias Carlisle

“While Graham recommended that investors lean toward profitable, dividend-paying net nets, as we have seen, it is in fact loss-making net nets that tend to outperform profitable ones and non-dividend paying net nets outperform dividend-paying net nets.”

―Tobias E. Carlisle, Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations

Click image below to go to Reddit.

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