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So, once again, we don’t have any system for giving you perfect investment judgment on all subjects at all times. That would be ridiculous. I’m just trying to give you a method you can use to sift reality to obtain an occasional opportunity for rational reaction. If you take that method into something as competitive as common stock picking, you’re competing with many brilliant people. So even with our method, we only get a few opportunities. Fortunately, that happens to be enough.
Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
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