Some people call net nets or tocks, that are basically priced at the liquid assets of the company. After you subtracted all of the debt, you can buy the company for that price. And buffet was doing an awful lot of that kind of buying back in those days. It got very hard to do by the 19 sixties as the market kept going up and up and up. But it's not a bad thing to learn about, because an, we'll talk about it and the podcast down the road.

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