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His bottom line: investors will always pay more for growth and unprofitable companies just aren't worth the trouble. "There's a sector of companies doing incredibly well and that is that low marginal ...

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The AOT Growth fund, up 32% on a three-year annualized basis, invests with this process in mind. It holds Microsoft (MSFT) and Visa (V), with Nvidia (NVDA) at the top, followed by Toast (TOST), ...