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<p>There are three central elements to a value-investment philosophy. n 未知[安全边际] n. Value inves ng is a risk-averse approach; a en on is All download options have the same file, and should be safe to use. Value inves ng is absolute performance, not rela ve-performance oriented. That said, always be cautious when downloading files from the internet, especially from sites external to Anna’s Archive. Value inves ng is a bo om-up strategy entailing the iden fica on of specific undervalued investment opportuni es. For example, be sure to keep your devices updated. She also made  The three-pillars or value inves ng. () My wife, Beth Klarman, offered the fresh perspective of a non-financial-professional as she devotedly read every chapter and made numerous helpful recommendations.</p></translate>
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