Acquired
Charlie Munger
Charlie Munger
Well, I only study two kinds of companies. One, I'm enough of a Ben Graham follower. If something is really cheap, even though it's a crappy company, I'm willing to consider buying it for a while anyway. And? I do that occasionally. And I've done it with great success a time or two, but my hard marks, I've done it once or twice in my lifetime for big gains, and that's it.
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