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I am often asked why I focus on larger cap shares when 'elephants cannot gallop' and 'surely all those brokers covering the stocks out there mean there is pretty efficient pricing'. Obviously the former is a more reasonable point than the latter, although judging by the way the shares of both Centrica (CNA) and Barclays (BARC) have moved around in recent months, there has been a decent amount of galloping too (mostly downhill to a lower share price)...
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