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  • Even if Thomas Jefferson never said that dissent is the highest form of patriotism (which he didn't), dissent may be the highest form of arbitrage.Disclosure: I am long BLC, SFD, ALCS.Additional disclosure: Chris DeMuth Jr is a portfolio manager at Rangeley Capital, a partnership that invests with a margin of safety by buying securities at deep discounts to their intrinsic value and unlocking th
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