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> that's because someone involved in that decision decided it was worth paying more for or not worth paying what they were currently paying, taking into account what factors will make people change their mind about eating there.

Evidently not really taking the factors into account. Would the limited partners eat there? More than once?

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I don't see the relevance of this. No one eats at Red Lobster thinking "this is the exact dinner experience that billionaires would design for themselves".

Walmart is a family owned business. Do you think that the Walton family buy groceries and home furnishings there? McDonald's is a public company. Do you think that its CEO and the fund managers who hold the biggest stakes in it regularly eat there?

> McDonald's is a public company. Do you think that its CEO and the fund managers who hold the biggest stakes in it regularly eat there?

Yes: https://financialpost.com/executive/mcdonalds-new-ceo-eats-a...

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