In this episode, we explore Canadian General Investments (CGI), an investment company with a history dating back to 1930. CGI has consistently outperformed its benchmark, the Toronto Stock Exchange, for over 50 years due to its unique bottom-up stock picking approach and diversification strategies. While they use leverage to enhance returns, it introduces risks if market conditions turn unfavourable. The fund's tax status allows for a beneficial dividend structure, providing shareholders both normal and capital gains dividends. However, CGI typically trades at a significant discount to its net asset value, presenting both an opportunity and a challenge for new investors.