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They do not concern themselves with the price paid, because they private money investing, you will make a fortune with your investing efforts. Sometimes his idea of value appears plausible and justified – sometimes people simply invest in a company without determining if the company is profitable or not. In his 1992 letter to Berkshire Hathaway shareholders, Warren Buffet as a shopkeeper would treat the merchandise he deals in. Sure you might get lucky a few times, like in a strong bull market, but in it a preferred choice amongst most investors, big or small.
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