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To the extent possible, we would like each Berkshire shareholder
To the extent possible, we would like each Berkshire shareholder to record a gain or loss in market value during his period of ownership that is propo...
We feel noble intentions should be checked periodically against
We feel noble intentions should be checked periodically against results. We test the wisdom of retaining earnings by assessing whether retention, over...
Now when you read about Boone Pickens and Jimmy Goldsmith and the
Now when you read about Boone Pickens and Jimmy Goldsmith and the crew, they talk about creating value for shareholders. They aren’t creating value;...
"The line separating investment and speculation, which is never
"The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have rec...
Peter Lynch on WHEN TO SELL A CYCLICAL The best time to sell is
Peter Lynch on WHEN TO SELL A CYCLICAL The best time to sell is toward the end of the cycle, but who knows when that is? Who even knows what cycles t...

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