Accounting is the language of business, and if you don’t understand accounting principles, you’re better off avoiding stocks altogether according to the Oracle of Omaha Warren Buffett.
Q1 hedge fund letters, conference, scoops etc
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While Buffett accredits Benjamin Graham with being his most influential mentor, he has also said he learned a great deal from a professor called Ray Dein. Dein was a professor of accounting at the University of Nebraska and, according to Buffett himself, taught him virtually everything he knows...
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