Bilbo and Thorin parted as friends because, despite their differences, they developed a mutual respect and understanding throughout their journey. Bilbo's bravery and wisdom helped Thorin recognize the importance of friendship and loyalty over greed and power. Their shared experiences and trials forged a bond that transcended their initial conflicts, allowing them to reconcile before Thorin's death. Ultimately, their friendship emphasized the themes of camaraderie and redemption present in the story.
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