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Lessons from Buffett Friday, October 26, 2007

Posted by ei-forum in Miscellaneous.
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Just a small Friday post before the weekend.

On his trip to South Korea, Warren Buffett found time to share some more words of wisdom:

  • “One of the lessons that investors seem to have to learn over and over again, and will again in the future, is that not only can you not turn a toad into a prince by kissing it but you cannot turn a toad into a prince by repackaging it… but very imaginative people in the securities market try to do that.”

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