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— Seth Klarman"Excess capacity in people, machines, or property will be quickly absorbed."
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Giving is the safety valve that releases the excess pressure of wealth.
— Randy Alcorn
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Onlookers frequently confuse edge with style...Edge means generating excess returns because of mispricing. Style suggests being in the right place at the right time. Sometimes edge and style overlap, sometimes they don't.
— Michael Mauboussin
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