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Listen to native speakers pronounce “tax deferral” in real conversational contexts with synchronized timestamps and subtitles.
And it's taxable. And the first point Warren made to our class was the government only gives you one break as an investor.That's the tax deferral on unrealized gains.And so if you can find a business that has the ability to reinvest its current cash flow into creating greater wealth, and you don't have to sell those shares,