In a letter to his company's stockholders, Warren Buffett offered the following opinion: Most investors, of course,

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In a letter to his company's stockholders, Warren Buffett offered the following opinion: "Most investors, of course, have not made the study of business prospects a priority in their lives. . . . I have good news for these non-professionals: The typical investor doesn't need this skill." Briefly explain Buffett's reasoning.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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