The common intellectual theme of the investors from Graham-Doddsville is this: they search for discrepencies between the value of a business and the … - Warren Buffett
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The common intellectual theme of the investors from Graham-Doddsville is this: they search for discrepencies between the value of a business and the price of small pieces of that business in the market... through the medium of marketable stocks...
Warren Edward Buffett (born 30 August 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $113 billion as of June 2022, making him the world's fifth-wealthiest person.
Do what you love and work for whom you admire the most, and you've given yourself the best chance in life you can.
The most common cause of low prices is pessimism — some times pervasive, some times specific to a company or industry. We want to do business in such an environment, not because we like pessimism but because we like the prices it produces. It's optimism that is the enemy of the rational buyer.
The smartest side to take in a bidding war is the losing side.
