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Munger on Buying Vs Holding

2 replies on “Munger on Buying Vs Holding”

Does it mean that one should not buy even great companies like HDFC Bank, etc at any fancied price / at a multiple of more than 30 or P/BV of more than 5. The same is applicable for a quite a few companies in Sensex today trading at exorbitant prices. And this includes unlisted Reliance Retail / Reliance Jio also.

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