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The idea of a margin of safety, a Graham precept, will never be obsolete. The idea of making the market...

The average result has to be the average result. By definition, everybody can’t beat the market.

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I find it quite useful to think of a free market economy — or partly free market economy — as...

It’s not possible for investors to consistently outperform the market. Therefore you’re best served investing in a diversified portfolio of...

For me, going to markets is the best way to understand the soul of a place.

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We do no market research. We don’t hire consultants. We just want to make great products.

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