Investing Mantra's - Share Market
by Mr. Warren Buffett
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"The
competitive nature of corporate acquisition activity almost guarantees the
payment of a full - frequently more than full price when a firm buys the
entire ownership of another enterprise.
But, the
auction nature of security markets often allows finely run companies the
opportunity to purchase portions of their own businesses at a price under 50%
of that needed to acquire the same earning power through the negotiated
acquisition of another enterprise." –
Mr. Warren Buffett
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