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If we wouldn't dream of selling Berkshire in its entirety at the current market price, why in the world should we 'sell' a significant part of the company at that same inadequate price by issuing our stock in a merger?" Despite hearing from some of Wall Street's biggest names about Mr. Buffett's critique of their profession on Monday, most were circumspect in their reply.
Cotton Mather drafted their reply, a circumspect, eight-paragraph document, delivered mid-month.
His answer is circumspect.
"Circumspect batting.
So circumspect!
Farhadi was circumspect.
Mancuso is more circumspect.
Others were less circumspect.
Still, Rwarakabije was circumspect.
But he was circumspect.
America is more circumspect.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com