Warren BUFFETT“A public-opinion poll is no substitute for thought.”
Bernard BARUCH“Millions saw the apple fall, but Newton asked why.”
The Problems with Value Investing »
For years, value investors ridiculed Mr. Market. This year, Mr. Market got his revenge. When value investors make mistakes, they often come up with multiple explanations attributable to sound value investing principles.They can blame the manic depressive Mr. Market. They can say the margin of safety is getting bigger and therefore it’s a better buy. [...]
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