That bigger concept is that a good net-net is really just a decent business. Why would insiders still control 10% to 50% of a company that has been public for 10 to 30 years? Because it’s a decent business. It may not be a great business. I’ve seen insiders happy to hold something earning 6% to 8% on equity for decades. And they think their lives are pretty good. And they’re probably not wrong.
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