The Pomp Letter
The Pomp Letter
The Video Game of Markets
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The Video Game of Markets

2

To investors,

There is a common school of thought among value investors that have become religion in the investing world ā€” the price of an asset is different than the value of an asset.

This has been historically true for legacy assets. You wanted to buy great assets at cheap prices. The Warren Buffett fans would tell you that the larger your margin of sā€¦

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