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NEW YORK, June 7 (Reuters Breakingviews) - “Do as I say, not as I do” sounds like the kind of pithy thing Warren Buffett might say to his adoring throngs. Although the nonagenarian billionaire can’t lay claim to the aphorism, it’s one worth heeding when trying to understand or emulate his investment philosophy. There’s often a discrepancy between what he says and what he does. The Berkshire Hathaway (BRKa.N) boss told his shareholders in a 1988 missive that “our favorite holding period is forever.” The idea of Buffett as a long-term investor has stuck through the ages. Somewhat lost to...
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