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5min chapter
TIP536: Buffett and Munger’s Principles and Mental Models
We Study Billionaires - The Investor’s Podcast Network
Stocks Are Ownership in Real Businesses
Stocks remove so much of the headache around running a business yourself before the stock market existed. You can even exit your position and get the money in your bank account within a matter of days. A lot of managers would rather point to an earnings figure that is either misleading or can be easily manipulated. The big underlying message from Buffett and Graham for this chapter is that stocks are ownership in real businesses.
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