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FROM THE CAPITAL
Falsehood and self-deception as investment tools
A tight capital structure, skin in the game, an experienced board, a low enterprise value compared with peers, plenty of news flow and a tier one location sound like the makings of an ideal investment, if company presentations are any guide.
I was reminded in the past week of a speech by former Australian prime minister Gough Whitlam in which he said, "any government which continually misrepresents the facts will come to believe its own falsehoods...
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