I am always on the lookout for businesses that have a strong cash generating ability and a strong enough competitive advantage that I can be sure they will be around for the next decade, and at a price where I can be as sure as possible that I can achieve at least 15 percent annualized returns, or else companies whose price is deeply discounted from their asset base as long as its highly marketable. Im not one to shy away from takeover targets, provided the target still has a strong business that I would be ...

投资策略 - 投资策略关注具有强大现金生成能力和足够竞争优势的公司 确保未来十年持续存在 并在价格上尽可能确保实现至少15%年化回报 [1] - 投资策略包括资产基础深度折价且高度适销的公司 以及不回避收购目标 前提是目标公司业务强劲 即使收购未完成也愿意持有 [1] - 过去3年投资实现约16%年化时间加权回报 并计划继续超越这一基准 [1] 持仓披露 - 分析师通过股票所有权、期权或其他衍生品对ATD:CA持有有益多头头寸 [2]

投资策略 - 投资目标为具备强劲现金流生成能力和显著竞争优势的公司 确保未来十年持续经营 同时价格需提供至少15%年化回报潜力 [1] - 对资产基础大幅折价且流动性高的公司保持关注 不排除收购标的 但要求标的本身业务优质 即使收购未完成仍具持有价值 [1] - 过去3年自主投资实现约16%年化时间加权回报 计划持续超越该基准 [1] 持仓情况 - 当前通过股票、期权或其他衍生品持有Alphabet(GOOGL)、Meta(META)、微软(MSFT)、亚马逊(AMZN)、奈飞(NFLX)的多头头寸 [2] 研究覆盖 - 新纳入Alphabet(GOOGL)作为研究覆盖对象 因其符合长期优质企业的筛选标准 [1]