Graham, Is He a Trader?

He's pretty aware of the cycles and competitive nature of the places where he operates, right? That's the key thing too, is that he never goes outside of where he thinks he can understand what the game is. You know, railways were kind of pasted for a long time before buffet did that. They were airlines before airlines. And they, you know, tech stocks in the, whenever it was, was it 20? Is that two? Is it two?Is it two? Yes, two later railroads were like 1880s, 90s, I think. So tech stocks then, and then they were fallen angels, although people were buying them as distress, distress enterprises through

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