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LongreadsStephen Follows on the unfortunate death of movie data compendium TheNumbers. It's a good illustration of how fast information economics are changing: the site was sustainable when it was being acc...

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In this issue:

The Lots-of-Low-Satiety-Calories Business Isn't What it Used to Be—Consumer packaged goods stocks have done well for investors over many decades. Just not the last one. It's interesting to explore why.The Other Net Present Value—A company is worth whatever change in cash flows it produces to its owner, which is not the same thing as the cash flows it produce...

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