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6/15/2021
Buffett
Gross Profit Margin 20% is commodity. GPM 40% has durable competitive advantage.
https://youtu.be/ywCFac5Gch0
The Oracle of Omaha’s admonition that the stock market is a device used to transfer wealth from the impatient to patient ones.
XOM: 3.64 / 60.21 = 0.0604
https://www.slideshare.net/BDOUkraine/using-luxembourg-in-international-structures
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