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Very well run life insurance and wealth management. Very nice dividend, low price multiple. Buying this instead of POW lets you eliminate the holding company variability. The fewer moving parts the better.
Essentially a conglomerate. Derives majority of its value from its equity stakes in GWO and IGM. Typically trades at a 20-25% discount just because of its structure, and this is hard to do away with. He really likes GWO.
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