Links - 6/29/2020

“One advantage of buying these very cyclical businesses is a lot of people don’t like them. And what difference does it make to us if the earnings average, say, 300 million a year, if it comes in in a very lumpy fashion? In the big scheme of things, what do we care if it’s lumpy, as long as it’s a good business? And we have an advantage on that stuff. N…