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Northern Rock Panic Forces Examination of British Compensation Scheme

“If you understood a business perfectly and the future of the business, you would need very little in the way of a margin of safety,” said Warren Buffett at Berkshire Hathaway’s annual meeting in 1997.
He had first issued his famous dictum twenty years earlier. Buffett referred to it again in 2005.
“We [only] borrow money against [...]

September 27th, 2007 | Adrian Ash | 2 comments | Continued
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