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In Warren Buffett’s annual letter, 2014, he noted: “At Berkshire, we prefer owning a non-controlling but substantial portion of a wonderful company to owning 100% of a so-so business.

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Warren Buffett’s annual letter in 2005 noted, “Long ago Sir Isaac Newton gave us three laws of motion.

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Warren Buffett’s annual letter, in 2017, illustrated this point as well.

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