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Buffett Partnership Letter, November 1962

United States · 20th century

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Warren Buffett's November 1962 letter to Buffett Partnership partners, one of the letters in Buffett Partnership Letters, 1957–1970.

  1. Monthly payments may come from capital

    “[Monthly payments] represent a convenient form of regular withdrawal, which to the extent we earn better than 6% are payments from earnings, and to the extent we don't, are payments from capital.”

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