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Old 01-02-2006, 12:28 AM
buffett buffett is offline
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Join Date: Dec 2004
Location: Graham-and-Doddsville
Posts: 789
Default Re: Evaluating Managed Funds

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my sarcasm detector must be broken

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I don't get what you don't get....
In the same way that it would be easier to win at poker without all these 2+2ers running around, in general investing success becomes easier when fewer people are out there looking for (the limited supply of) undervalued stocks.
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