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Strategies & Market Trends : Value Investing
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To: Madharry who wrote (36876)3/6/2010 7:29:34 PM
From: Dale Baker  Read Replies (1) of 78469
 
he was willing to take risks and put a lot of his eggs in one basket

They never write books and articles about the guys who do that and lose. I worked with one in the dot.com boom, and he blew up his firm by 2002 making one big losing bet after another.

Much easier to do than to find the "trade of a lifetime" and get it right. Curious how Buffett has no big gambles on his resume that I know of.
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