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Berkshire Hathaway Part I
Acquired
What Is Cigar Butt Investing?
Gika was not a typical investment for the grahm newman partnership. They probably only did it cause he was able to wheedle a deal out of lorimer and the family. And there's a reason why it wasn't, in the intelligent investor. The conflation that graham had of what between fundamentals in value investing persists this day. This is still why therr like religious wars about value versus growth investing.
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