Let me begin with a few corrections.  I know it is tough to imagine, but from time to time I make mistakes in the newsletter.  I usually try to correct it the next day.  But with everything that has been going on over the last couple weeks, a few corrections have “stacked up.” So I wanted to provide these corrections/clarifications, and give you a quick thought about CarMax’s used gross profit figure (and why maybe they should re-think the way they report/account for those gross profits.)  

I really want to thank all of the readers for doing such a great job of catching my mistakes.  It 1) really shows you are paying attention, and 2) helps everyone (including me) bette ...

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