... code” behind the stunning
success of the world’s greatest investor.
THE RESULT IS …
The Buffett Report
The Nine Investing Secrets
of Warren Buffett
—and how to profit from them
¾
If ... www.buffettsecretsrevealed.com
- 12 -
THE BUFFETT
REPORT
The Nine Investing Secrets of
Warren Buffett
—and how to profit from them
By Professor John...
... more
numbers together and dividing the sum by the number of items.
Example: Theaverageof2,4,6,8,10is6. [2+ 4+6+8+10=30,
30÷5=6]
Average is also known mathematically as the arithmetic mean. The middle
number ... sentence;
instead, they modify the entire sentence. Absolute phrases are often treated
as parenthetical elements set off from the rest of the sentence with a comma
or...
... indicate the year of the annual report from which
essays are taken.]
27
1997]
THE
ESSAYS
OF
WARREN
BUFFETT
81
economic characteristics
of
each business; second, assess the qual-
ity of the people ... percentage
of
the profits of the company after these are reduced by a charge for
capital employed. These managers therefore truly stand in the
shoes of owners....