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The Essays of Warren Buffet

Mindware

CHAPTER

Coke's Past, Present, Future, and Future

Fast-changing industry environment may offer chance for huge wins, but it precludes the certainty we seek. Investors making purchases in an overheated market need to recognize that it may often take an extended period for value of outstanding company to catch up with price. For every inevitable, there are dozens of impostors. Companies not running high but vulnerable to competitive attacks can be 'inevitable'

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