Their defence of scrapping
the cap follows another letter written on Tuesday to the Daily Telegraph by a group of 70 faith leaders, politicians and academics who warned lifting the cap would be «deleterious to social cohesion and respect».
I'll have more to say about those two companies in upcoming investor
letters, but I believe these are two more examples of how large
cap businesses can at times become undervalued, regardless of how widely -
followed they are.