Warren Buffett famously compared the perfect business (and we paraphrase here) to sole ownership of the only source of water on an inhabited island.

We performed well this quarter, but not without the market subjecting us to a head-swiveling display of now-you-see-it-now-you-don’t theatrics that were enough to threaten us with double-vision.

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One way to survive chaotic markets? Invest in companies that thrive on it.