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16 Lessons From Warren Buffett’s Annual Letters To Shareholders
1. Buffett took his “retirement fund” of $174,000 and decided to start his own investment business. Two decades later, he was a billionaire. The result is an eminently quotable collection of homespun investing wisdom: · “Price is what you pay, value is what you get.” (2008) · “For investors as a whole, returns decrease as motion increases.” (2005) · “Be fearful when others are…