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The Essays of Warren Buffet

Mindware

CHAPTER

ASOP and the Inefficient Bush Theory

The formula for valuing all assets that are purchased for financial gain has been unchanged since 600 BC. The Oracle was ASOP and his endearing though somewhat incomplete investment insight was a bird in the hand is worth doing the bush. Using precise numbers is in fact foolish working with a range of possibilities is a better approach, he says.

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