When looking at the competition, do you consider only publicly listed companies, or private equity firms as well?

No Low-Effort Posts - All stock posts must contain at least a basic explanation of the company or some financial information. It doesn't have to be a full DCF or investment thesis, but state what YOU like/dislike about the stock, don’t just ask other people to do research for you. Simple beginner questions about value investing are welcome. “Low Effort” is at the discretion of the moderators. Short stock questions/recommendations are appropriate as comments in our pinned Weekly Megathread. Consider posting in the Weekly Megathread