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— Hal Holbrook"There was so much to learn and it was all fun. But the best part was getting a laugh from an audience. That was like drowning in candy."
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It's beginning to look a lot like Christmas, everywhere you go; Take a look in the five-and-ten, glistening once again. With candy canes and silver lanes aglow.
— Meredith Willson
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We regard using [a stock's] volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return. Some great businesses have very volatile returns - for example, See's [a candy company owned by Berkshire] usually loses money in two quarters of each year - and some terrible businesses can have steady results.
— Charlie Munger
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