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Acquired

Charlie Munger

1872.029 - 1898.54 Charlie Munger

And so you could borrow for 10 years ahead all the money and you could buy the stocks and the stocks made 5% dividends. So there's a huge flow of cash With no investment, no thought, no anything. How often do you do that? You'll be lucky if you get one or two a century. We could do that. Nobody else could. It looked attractive at half or a century. You couldn't get it.

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