In 1972, Warren Buffett made an acquisition would transform his investment style forever, and marked the beginning of his long journey towards becoming one of the world's wealthiest people, and undoubtedly the most successful investor alive today.
Q1 hedge fund letters, conference, scoops etc
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Before the early 1970s, Buffett was a committed deep value investor. He would only consider buying stocks that were trading at a deep discount to their intrinsic value, usually their stated book value. This strategy generated fantastic results for the young Buffett...
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