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By George Evans, CIO, Equities and Portfolio Manager and Alice Fricke, Senior Client Portfolio Manager
As the FAANG stocks1 hit new highs and investor enthusiasm for all things tech continues, it’s easy to forget how much beauty there can be in boring. Specifically, the boring business of supplying other businesses with the non-core yet mission critical bits, pieces, and services they need to provide their core offering. Amazon may be decimating the retail department store, but the “one-stop shop” concept is alive and well at the wholesale, business-to-business level. The “Justifiable Middlemen” filling this