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Interesting news: Buffett is put up a one miilion dollar bet for any hedge fund beat S&P in next 10 years. The proceeds (if Warren wins) will go to his charity.

I am going to take a week of vacation from tomorrow, and I may not update this blog during this period.

Meanwhile, I am going to read the chapter 20 of Intelligent Investor (Ben Graham). I already read chapter 6 as suggested by Warren in this year annual shareholder meeting (Q&A): it’s about knowing the risk of investments. Chapter 20 is about margin of safety.

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