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  Warren Buffet's annual letter to Berkshire Hathaway shareholders is eagerly awaited and very carefully parsed by investors and the financial press. The Buffet letter is not an event with which I normally concern myself; however repeated press mentions of Buffet's bet on "passive" investing caught my attention. I have long been focused on relative return of investments as well as the role of "passive" versus "active" management. For the record, I am a strong proponent of active...
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