“pretend to be able to pick the high flyers that not really…” — The Knowledge Project at 1:02:40
“pretend to be able to pick the high flyers that not really are objective. We've always had a modest portfolio, but when interest rates were down to where we could borrow money for one or 2%, we said, look, this is an opportunity. We should get at this. And so we did. Borrowed lots of money to buy good stocks, and…”
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