Stock valuation in an age of intangible assets
About forty years ago Buffett experienced a Damascene conversion
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Conservative investors win – conventional investors lose
Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally
The great investors and extreme volatility
Be prepared financially and psychologically to live through a series of bull markets and bear markets because in the long run common stock will pay off enormously and the next bull market will carry prices far higher than this one