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#52: Fred Hickey On ’Keeping Your Head When All About You Are Losing Theirs’

Superinvestors and the Art of Worldly Wisdom

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Is There Any Cash Flow From Financing?

Soverin companies generally have high margins. Theydon't hav al thor costs en. Their costs whut they'rewriting up their cost are the labor to produce the soft ware or market it. And yet, again, here there a ther ar sir count goes up and up and up. Even toho is ths wolly out of control. But that's what happens in manias. Things get out of control."

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