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Don’t Be an Investing Patsy

Erik Kobayashi-Solomon

August 28, 2018

Poker players must have smiled when the great investor, Warren Buffett, quoted one of their aphorisms in a 1987 investor letter. “If you are sitting at a poker table for 30 minutes and can’t figure out who the patsy is, the patsy is you.” The book Black Edge: Inside Information, Dirty Money, and the Quest …

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