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CAP – In context of Asian Paints

I had read a paper by Michael Mauboussin that he had co-written with Paul Johnson way back in 1997, on Competitive Advantage Period, which explained the continuing high valuations assigned to the blue chip companies (http://people.stern.nyu.edu/adamodar/pdfiles/eqnotes/cap.pdf). This paper was written in the context of food companies. Recently I re-read it and was trying to interpret […]

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