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1.
Charlie Munger advised investors to learn many different facets of a business they might want to invest in.
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True. This helps them to better understand the economics of a certain business, which in turn can help them avoid shortsightedness.
2.
Whom did Bill Ruane study under?
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Ben Graham. Ruane studied under Graham.
3.
Ralph Wanger is known for investing according to _______.
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Themes. For example, if money is accumulating in one part of the world, he would look into businesses that serve that part of the world.
4.
A good description of the stocks that Marty Whitman liked to buy would be "distressed and beaten up."
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True. He looked for stocks that had suffered greatly and then bought them cheaply.
5.
One of Bill Nygren's methods for choosing stocks involves the 80/20 rule.
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True. Nygren looks for stocks where 80% of the commentary about a company revolves around a part that contributes only about 20% of the profits.
6.
In Bill Miller's professional portfolio, pricey Internet stocks rub elbows with _______.
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None of the above. Miller likes to mix a lot of styles.