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Targetting payouts pays dividends at Aberdeen Standard Investments

Ben Sheehan, Aberdeen Standard Investments

Between 1957 and 1968, Warren Buffett’s partnership averaged a 31.6% annualised return thanks to his “cigar-butt” style of investing: picking stocks of companies like cigar butts that had one last puff of value left in them. Ben Sheehan isn’t quite picking cigar butts off the street at the asset management unit of the Scottish insurer Standard Life Aberdeen plc. But…

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