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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.
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.
3.
What mattered to Charlie Munger when it came to selecting companies to invest in?
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All of the above. Munger valued all of them.
4.
As an investor, Bill Miller mixed _______.
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Growth stocks with value stocks. In fact, he was often called a growth investor in a value investor's clothing.
5.
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.
6.
Whom did Bill Ruane study under?
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Ben Graham. Ruane studied under Graham.