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Three stocks from three investor letters

Equity Mates Investing Podcast

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Buffett, Are We in a Very Dangerous Period?

Buffett: We never know in terms of what markets will do. If businesses keep earning very high returns on equity and interest rates stay where they are, we are not in an overvalued period. But if it turns out these returns are not sustainable or interest rates go higher, we will look back and say it was the high point at least for a while.

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