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Berkshire Hathaway Letters to Shareholders: 1965-2024, by Warren Buffett

9%

“bad” businesses economically—producing less for their individual investors after-tax than the tax-exempt passive rate of return on money.

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Berkshire Hathaway Letters to Shareholders: 1965-2024

Berkshire Hathaway Letters to Shareholders: 1965-2024

by Warren Buffett

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