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  • In the long run managements stressing accounting appearance over economic substance usually achieve little of either.

    Warren Buffett
    Favoritos
    Lawrence A. Cunningham, Warren E. Buffett (2013). “The Essays of Warren Buffett: Lessons for Corporate America (Third Edition)”, p.125, Carolina Academic Press
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In the long run managements stressing accounting appearance over economic substance usually achieve little of either. - Warren Buffett
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