Matt McLennan on Bloomberg TV

"We go wherever we can find what we believe are good businesses with a "margin of safety" and price. And the U.S. does not have a monopoly on great businesses. The fact that the dollar has been so strong means that we have an opportunity to look overseas in more depressed currency areas or in with companies that are cyclically out of favor. The idea is to buy businesses that have scarce market position when they're out of favor and there's plenty of those overseas."


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