Quotes on shorting stocks

Charlie and I have agreed on around 100 stocks over the years that we thought were shorts or promotions. Had we acted on them, we might have lost all of our money, every though we were right just about every time. A bubble plays on human nature. Nobody knows when it’s going to pop, or […]

Quotes on EMT

Buffett quotes on Efficient Market Theory (EMT), The market is generally fairly efficient in evaluating asset classes, but not always efficient in valuing specific businesses. Source: BRK Annual Meeting 1999 ———————– [My experience] has given me a jaundiced view of academia generally. Efficient market theory—that everything is priced appropriately—is bunk. There’s a certain degree to […]