#88 Warren Buffett's Shareholder Letters— All of them!
Founders
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The Gap Between Theory and Practice in Investing
This chapter explores the differences between theoretical investment concepts and the real-world experiences of successful investors. It emphasizes learning from practitioners who have navigated financial risks, critiquing traditional academic theories like the Efficient Market Theory. Through stories and insights from investment legends like Warren Buffett and Charlie Munger, the chapter highlights the importance of passion, integrity, and resilience in achieving lasting success.
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