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Berkshire Hathaway Part II
Acquired
The Better to Be Approximately Right Than Exactly Wrong?
"There's no way that you're going to be able to exactly know the intrinsic value of the company," he says. "You will never know exactly what you should pay for it, either on your entry price or your exit price." He was approximately right but had to stretch that number pretty far in order to make a good decision about selling his stake at disney and other companies.
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