It is not who is right, but what is right, that is important.
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We understand that our business is about our clients and their
capital. That is a fiduciary responsibility we take seriously. In
investing, one of the variables we consider is how much of a company’s stock the
management owns - we want to know if they eat their own cooking. We
invest our money the same way we invest our clients’ money. When
we purchase stock in a company for our clients, we also buy it for
ourselves.
At Moon Capital Management, we eat our own
cooking.
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