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Some growth stocks have also proven to be boons for the Oracle of Omaha.
GOBankingRatesbroke down why Buffett investedin these growth stocks despite being a value investor for decades.
Those investments dont seem too out in left field, he said.
Some sources of value maybe just escape a normal price-to-earnings [P/E] ratio.
Theyre not the fringe driver of growth in the economy anymore, said Rinehart.
And they both extend in ways that enable a lot of other businesses to function.
Growth stocks can have a lot of value to them.
And some things that are cheap on paper are not valuable, he added.
And youve got to have a pretty strong worldview to not fall prey to that.
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