Recently, I came across an interview of Berkshire Hathway’s vice-chairman Charles Munger (A Fireside Chat with Charlie Munger, Wall Street Journal, 12 September 2014) where he states the peril of value investing as espoused by Benjamin Graham—“picking up cheap, cigar-butt stocks”. On Graham, whom Warren Buffett revered, Munger said, “I don’t love Ben Graham and his ideas the way Warren does.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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