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AF is cold blooded AF, but it seems like those IDR’s line up nicely with shareholder incentives.

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Yeah, I think that's the thesis. She is working toward the interests of shareholders by happenstance, not by character

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“By happenstance and not by character”… for a finance guy, you really have a way with words, prof. Please keep up the great work and hope you and the family have a wonderful holiday season.

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Thank you!

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Buffet’s lesser known 2nd rule: never trust the Greeks.

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