NOTE
1. Karl Popper, Objective Knowledge (Oxford, U.K.: Oxford University Press, 1972).
a Reprinted from CFA Institute Conference Proceedings Quarterly (June 2011):27–34. This presentation comes from the CFA Institute Security Analysis and the Search for Value conference held in Chicago on 17–18 November 2010 in partnership with the CFA Society of Chicago. When this article was originally published, Matthew B. McLennan, CFA, was a portfolio manager at First Eagle Investment Management, LLC.
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