“I’m convinced that there is much inefficiency in the market…. When the price of a stock can be influenced by a ‘herd’ on Wall Street with prices set at the margin by the most emotional person, or the greediest person, or the most depressed person, it is hard to argue that the market always prices rationally. In fact, market prices are frequently nonsensical.” —Warren Buffett
Links - 07/16/2022
Links - 07/16/2022
Links - 07/16/2022
“I’m convinced that there is much inefficiency in the market…. When the price of a stock can be influenced by a ‘herd’ on Wall Street with prices set at the margin by the most emotional person, or the greediest person, or the most depressed person, it is hard to argue that the market always prices rationally. In fact, market prices are frequently nonsensical.” —Warren Buffett