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Re: Rawnoc post# 17671

Sunday, 08/24/2008 9:40:16 AM

Sunday, August 24, 2008 9:40:16 AM

Post# of 19383
"You should not buy what is being sold to you. You should buy what comes from you analysis and looks the cheapest. Something you have dug out and found".
CNBC this week by Mr. Buffett.

You do a good job on this, Raw.

His buys must have three things:

Undervalued
Has a competitive advantage
Superior management.

Also, no excuse on this earth to average down in a company that is not highly profitable.