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  5. It would be nice if this [finding really cheap stocks]...

It would be nice if this [finding really cheap stocks] happened all the time. Unfortunately, it doesn't.

Charlie Munger
Nice, Would Be, Findings
Charlie Munger's comments on Berkshire Hathaway Holdings at the 2005 Berkshire Hathaway Annual Meeting, www.tilsonfunds.com. April 30, 2005.
It would be nice if this [finding really cheap stocks] happened all the time. Unfortunately, it doesn't.