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No. Graham was a stock market investor. Buffett never bought a company till nearly 20 years into his career. Buffett and Munger believe in focused portfolios w
by valuearb 10y ago
No. Graham was a stock market investor. Buffett never bought a company till nearly 20 years into his career. Buffett and Munger believe in focused portfolios when you are investing in stocks, why put 5% into your 20th best idea when you can put 10% in your 10th best idea?
In reality most of us should not buy public equities, we should be in index funds.