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TIP513: Warren Buffett's Money Mind
We Study Billionaires - The Investor’s Podcast Network
Buffett's Third Influence, Charlie Munger
The pursuit of worldly wisdom, the study of failure, and the moral imperative to embrace rationality are three key lessons Buffett learned from Charlie Munger. Graham's investing process led him to look for cheap cigar butts whose value could be based on data that can be collected. Khaxram states that at the heart of value investing, stand two golden rules: Rule number one is don't lose; rule number two is don't forget rule number one. The larger the margin of safety when purchasing, the lower the potential downside for the investor.
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