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    Follow the Money: A Framework for Investors to Evaluate Management as Capita...

    Follow the Money: A Framework for Investors to Evaluate Management as Capital Allocators

    Philip W. McCauley, III, CFA, and Brett C. Neubert, CFA

    The authors would like to acknowledge Sandra L. Ballard, without whose research, analysis, and technical skills this paper would not have been possible.


      

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