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Will There Ever Be Another Warren Buffett?
The Compound and Friends
The Importance of Agiticity
David Einhorn believes that value investing is transitioning from an industry to a craft, with smaller funds and a lot of competition. Despite many people getting wiped out, there is still a lot of money driving up prices. Having studied accounting and with more MBAs, it's harder to gain an edge. However, value investing today requires the willingness to disappoint investors and prioritize long-term survival over short-term gains.
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