The fund had a few names that missed numbers on timing issues and margin compression. I wish I could tell you that all our companies always beat street estimates, but that would be a lie. It seems that investors and algorithm traders are only concerned about quarterly results and are ignoring the long-term business plans of these companies. Here are few companies that we own in the fund that reported messy quarters and got sold aggressively. My view is that investors are way too nearsighted and ignoring the long-term opportunities. For example:
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