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Strategies & Market Trends : Value Investing
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To: csm who wrote (2462)11/15/1997 1:19:00 PM
From: Scott Mc   of 78676
 
Re Buffet, 2 things which are never mentioned about him are
1. He essentially made tons of money from OPERATING a high return mutual fund.
2. He is extremely cheap, he used to stay in a motel over a store when he went to visit Ben Graham to save a few bucks when at the time he would have been a multimillionaire.

There is a book out called the millionaire next door, doing sampling of wealthy people in the US and it breaks millionaires down by their background. Apparently 2% of the US population is of Scottish heritage, however 10% of the millionaires are. What this says, is not only do you have to be a smart investor, But CHEAP(Careful or Thrifty is more politically correct).. Scott
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