Another Transcript

http://www.sequoiafund.com/announcements.htm

Another great transcript. Not as good as the Wesco one but still high quality. It just talks business. It is so easy to talk about looking at a stock from a business perspective and not paper but it is hard to always keep it in the forefront. Sequoia is one of the best at buying great businesses. All the dialogue is about how to look at companies. Highly recommend.