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1.
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.
2.
Whom did Bill Ruane study under?
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Ben Graham. Ruane studied under Graham.
3.
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.
4.
What factor did Marty Whitman focus on when choosing companies to invest in?
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The takeover value. The takeover value was how much he thought a buyer would pay to buy the whole company.
5.
Part of Ralph Wanger's approach to picking stocks involves looking for small-company stocks that have been largely ignored by analysts.
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True. These stocks don't receive much attention, so there is a chance of finding an undervalued stock among them.
6.
What mattered to Charlie Munger when it came to selecting companies to invest in?
Choose wisely. There is only one correct answer.
All of the above. Munger valued all of them.