The New Buffettolgy by Mary Buffett and David Clark
1. Buffett thinks of a share of a stock as a kind of equity/bond in which the. per share earnings equate to the equity’s/bond yield. 2. Since the earnings of a business vary from year-to-year the rate of return . paid on Buffett’s equity/bond is not fixed as it is with a normal bond. 3. ................
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