Ahh yes. For about 30 years, that has been one of the most misused and mis-applied quotes in the investing world. When Buffett and Munger said that, they were not referring to penny stocks with zero revenue, a mountain of debt and a bazillion diluted shares.. They were referring to oversold blue chips with extremely solid fundamentals.
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Ahh yes. For about 30 years, that has been one of the most...
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