WEBVTT 00:00:00.000 --> 00:01:53.000 Introduction 00:01:54.000 --> 00:07:17.000 A Caricature of Value Investing 00:07:18.000 --> 00:11:44.000 Team Structure: Results over Efficiency 00:11:45.000 --> 00:17:30.000 Debating Engagement 00:17:31.000 --> 00:21:37.000 Then and Now - Net Zero and Inflation 00:21:38.000 --> 00:27:09.000 Non-US Opportunity Set 00:27:10.000 --> 00:32:39.000 The US Advantage 00:32:40.000 --> 00:37:04.000 Why Active Management? 00:37:05.000 --> 00:41:45.000 AI - Profit Asymmetry 00:41:46.000 --> 00:42:49.000 Is it Good to be Family Owned?