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Warren Buffett on the importance of discipline

April 6, 2015 by  
Filed under Investing, Investor Behaviour

“I will not abandon a previous approach whose logic I understand even though it may mean forgoing large, and apparently easy, profits to embrace an approach I don’t fully understand, have not practiced successfully and which, possibly, could lead to substantial permanent loss of capital.”  

—Warren E. Buffett, America’s most admired, least imitated investor

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