low volatility and low interest rate, therefore low premium. · macro economic environment...

div class=ts-pagebutton class=gotoPage data-page=1Page 1button div class=ts-imagea href=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5page1jpg target=_blank img data-url=low-volatility-and-low-interest-rate-therefore-low-macro-economic-environment-favorablehtmlpage=1 data-page=1 class=ts-thumb lazyload alt=Page 1: Low volatility and low interest rate therefore low premium · Macro economic environment favorable High quality business Enough margin of safety with stocks Gurus are buying loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5thumbnails1jpg width=140 height=200 adivp1pdivdiv class=ts-pagebutton class=gotoPage data-page=2Page 2button div class=ts-imagea href=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5page2jpg target=_blank img data-url=low-volatility-and-low-interest-rate-therefore-low-macro-economic-environment-favorablehtmlpage=2 data-page=2 class=ts-thumb lazyload alt=Page 2: Low volatility and low interest rate therefore low premium · Macro economic environment favorable High quality business Enough margin of safety with stocks Gurus are buying loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5thumbnails2jpg width=140 height=200 adivpLow volatility and low interest rate therefore low premiump p2pdivdiv class=ts-pagebutton class=gotoPage data-page=3Page 3button div class=ts-imagea href=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5page3jpg target=_blank img data-url=low-volatility-and-low-interest-rate-therefore-low-macro-economic-environment-favorablehtmlpage=3 data-page=3 class=ts-thumb lazyload alt=Page 3: Low volatility and low interest rate therefore low premium · Macro economic environment favorable High quality business Enough margin of safety with stocks Gurus are buying loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5thumbnails3jpg width=140 height=200 adivp3pdivdiv class=ts-pagebutton class=gotoPage data-page=4Page 4button div class=ts-imagea href=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5page4jpg target=_blank img data-url=low-volatility-and-low-interest-rate-therefore-low-macro-economic-environment-favorablehtmlpage=4 data-page=4 class=ts-thumb lazyload alt=Page 4: Low volatility and low interest rate therefore low premium · Macro economic environment favorable High quality business Enough margin of safety with stocks Gurus are buying loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5thumbnails4jpg width=140 height=200 adivp4pdivdiv class=ts-pagebutton class=gotoPage data-page=5Page 5button div class=ts-imagea href=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5page5jpg target=_blank img data-url=low-volatility-and-low-interest-rate-therefore-low-macro-economic-environment-favorablehtmlpage=5 data-page=5 class=ts-thumb lazyload alt=Page 5: Low volatility and low interest rate therefore low premium · Macro economic environment favorable High quality business Enough margin of safety with stocks Gurus are buying loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC 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class=ts-imagea href=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5page7jpg target=_blank img data-url=low-volatility-and-low-interest-rate-therefore-low-macro-economic-environment-favorablehtmlpage=7 data-page=7 class=ts-thumb lazyload alt=Page 7: Low volatility and low interest rate therefore low premium · Macro economic environment favorable High quality business Enough margin of safety with stocks Gurus are buying loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5thumbnails7jpg width=140 height=200 adivp7pdivdiv class=ts-pagebutton class=gotoPage data-page=8Page 8button div class=ts-imagea href=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5page8jpg target=_blank img 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premium · Macro economic environment favorable High quality business Enough margin of safety with stocks Gurus are buying loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5thumbnails9jpg width=140 height=200 adivp9pdivdiv class=ts-pagebutton class=gotoPage data-page=10Page 10button div class=ts-imagea href=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5page10jpg target=_blank img data-url=low-volatility-and-low-interest-rate-therefore-low-macro-economic-environment-favorablehtmlpage=10 data-page=10 class=ts-thumb lazyload alt=Page 10: Low volatility and low interest rate therefore low premium · Macro economic environment favorable High quality business Enough margin of safety with stocks Gurus are buying loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5thumbnails10jpg width=140 height=200 adivp10pdivdiv class=ts-pagebutton class=gotoPage data-page=11Page 11button div class=ts-imagea href=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5page11jpg target=_blank img data-url=low-volatility-and-low-interest-rate-therefore-low-macro-economic-environment-favorablehtmlpage=11 data-page=11 class=ts-thumb lazyload alt=Page 11: Low volatility and low interest rate therefore low premium · Macro economic environment favorable High quality business Enough margin of safety with stocks Gurus are buying loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC 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therefore low premium · Macro economic environment favorable High quality business Enough margin of safety with stocks Gurus are buying loading=lazy src=data:imagegifbase64iVBORw0KGgoAAAANSUhEUgAAAAIAAAACCAQAAADYv8WvAAAAD0lEQVR42mP8X8AwAgiABKBAv+vAXklAAAAAElFTkSuQmCC data-src=https:reader039vdocumentsmxreader039viewer20220402115e725cf88c9c86035b7fcc7dhtml5thumbnails15jpg width=140 height=200 adivp15pdiv

low volatility and low interest rate, therefore low premium. · macro economic environment...

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