• One of the dominant characteristics of beaches is their constant changes in form, shape and sometimes the very material of which they are composed.

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  • It has good growth characteristics and a very dominant position.

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  • Both had quotable evidence of their laudable characteristics that could have been dominant messaging of their positive persona.

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  • But BD has many of the characteristics of companies Buffett likes to invest in: well-regarded management, entrenched and dominant position in many of its markets, and leverage in its business model that allows it to gain efficiencies and lift profits faster than sales rise.

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