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Thousands of good books have been written about investments, and we certainly do not need another one. However, some of my readers expressed the wish to have the scattered comments about investments in my books consolidated in one separate booklet. I decided to comply, and assembled the relevant excerpts for this publication. For example, the excerpts for the Subsection Phil’s Valuable Lessons in Section 1 came from the book Anecdotes of Would-be Experts.