Magnum: Special Situation With 50% Upside Potential

Spin-offs with wide moats are rare. Magnum is one of them and it's trading at a deep discount to peers.

The first rule of winning games is to play a game in which you have a competitive advantage. The playing field should be tilted in your favor.

The legendary CEO of General Electric, Jack Welch, puts this eloquently:

This principle directly applies to investing as it’s essentially a game.

It’s a game that we play to make money. The problem is that there ar…