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The Compounding Tortoise
4d
@thecompoundingtortoise
$CSU
The core principles have remained largely unchanged: there are well-defined hurdle rates for acquisitions, and the bonus scheme is driven by ROIC and growth. Having a low ROIC while pursuing growth will result in increased leverage, and given that the future is inherently unknown, the optimal level of leverage isn’t always easy to determine beforehand.
The Compounding Tortoise
May 19
at
7:11 AM
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