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We will own stocks of companies where we wouldnt want to own the whole business

Philip Morris International reported smoke-free products reached nearly 40 percent of total net revenues in the fourth quarter of 2023

This history of tobacco product litigation is described in more detail online at www.surgeongeneral.gov in Appendix 14.2
doi: 10.1016/j.wneu.2018.05.103

The aroma comes from terpenes, a type of naturally occurring compound found in most plants
