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9min chapter
TIP247: Legendary Investor Bill Miller (Business Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Importance of Abstracting Away from Market Noise
This chapter discusses the significance of staying calm during market corrections and understanding that the future is unpredictable. It highlights the importance of recognizing opportunities that arise from uncertainties and problems, such as recessions. The chapter also emphasizes the need to differentiate between priced-in information and changes from the base case.
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