Mykhaïlo Golub

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An investor cannot obtain superior profits from stocks by simply committing to a specific investment category or style. He can earn them only by carefully evaluating facts and continuously exercising discipline. Investing in arbitrage situations, per se, is no better a strategy than selecting a portfolio by throwing darts.
Mykhaïlo Golub
Investing
Berkshire Hathaway Letters to Shareholders: 1965-2024
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