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"In essence, the stock market represents three separate categories of business. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value. The preference, always, would be to buy a long-term franchise at a substantial discount from growing intrinsic value."

— Michael Burry
michael burry Quotes Categories,Long Term,Inflation

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Michael Burry
Categories
Long Term
Inflation
Stable
Preference
Discounts
Shrinking
Intrinsic Value

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