Much of my business and investment process is built on his ideas. Rest in peace, Jack, you did well in this life.
Read More“If nothing more, the attempt to understand the ideas and calculate a publicly traded company's intrinsic value, even done imperfectly, could help an investor avoid the big market blunders before hitting the buy button. Or an investor would be perfectly correct to come away from an attempt to understand intrinsic value and say, "I'd rather just buy an S&P 500 index fund" — Buffett also approves of that antistock-picking strategy.“
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