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Podcast: Stock Stories
Episode: Mental Model: Churn - Water Always Leaks From The Bucket
Description: Churn is the concept that doing nothing is not the equivalent of standing still - it's moving backward. In many systems, including biological systems, insurance companies, and your portfolio - churn is a factor. It's important to keep it in mind when analyzing a company or industry, or even when different events happen to stocks in our portfolio.Instagram: [email protected]: [email protected]