TransDigm is worthy of a small 'tracking' position in their portfolio to gain exposure to the business while facilitating further learning and research.

“But would I be willing to add this as what they call a tracking position. So essentially we get exposure to this you know great business while also using that as a reason to continue to learn and better understand them as we go.”

MSCI is currently too expensive to invest in, given the uncertainty regarding the future sustainability of its core business model.

“I agree with you. To my surprise, I think MCI is not one of those companies that we would put on the watch list and be excited about when the market sells off.”