How Buffett makes money even on bad bets
You've got to love it. In the junk bond market, Buffett sold insurance at a dear price. In the GE market, he bought stock at a cheap price. He didn't get either market right, but he'll still come out ahead. This, my friends, shows why he's Warren Buffett. And we're not.
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Why we cannot get such good prices? Because we are not Buffett or Berkshire!
The rich will get richer because they are more powerful and they are allowed to take risk with higher reward!
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