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1.
Why didn't Marty Whitman like to use book value when considering a company to buy?
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He felt that it overlooked too many intangibles. Intangibles don't appear as such on balance sheets.
2.
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.
3.
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.
4.
Whom did Bill Ruane study under?
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Ben Graham. Ruane studied under Graham.
5.
Many critics of Bill Miller claim that he is not a true value investor.
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True. Miller combines value investing with growth investing, leading some to claim he is not a true value investor.
6.
To estimate a company's intrinsic value, Bill Nygren and his colleagues use _______.
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Discounted cash-flow analysis. Nygren uses this and other methods.