In essence, the stock MARKET REPRESENTS three SEPARATE categories of business.They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value.

Author - Michael Burry

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In essence, the stock MARKET REPRESENTS three SEPARATE categories of business.They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value.
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