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1.
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.
2.
Bill Nygren said he looks for stocks where 80% of the commentary about a company revolves around a piece of business that contributes ________.
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About 20% of the profits. When he finds a situation like this, it is likely the market is undervaluing the firm.
3.
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.
4.
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.
5.
Charlie Munger was _______.
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Vice chairman of Berkshire Hathaway.
6.
Whom did Bill Ruane study under?
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Ben Graham. Ruane studied under Graham.