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Ep. 931: A Crazy Damn Year with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of NOLs

Buffett didn't want to buy textile family but they had an NOL so he used the NOLs not to pay taxes which is in no book. because he knew that that particular company would make a nice vehicle for other plans that he had. Buffett never says this in public but the merger gave him all his tax-free earnings.

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