Scatter shot estimates of fair value

A group with a high anchor were prepared to pay three times as much for the same wine as a group with a low anchor
A group with a high anchor were prepared to pay three times as much for the same wine as a group with a low anchor
What is worse, it directs the investor to a list of companies that may be completely out of tune with today’s economy
Inactivity strikes us as intelligent behavior
Clearly it is not a moaty Warren Buffett enterprise. But, over the next five years or so it has the potential to become one.
Stocks in highly cyclical industries have to be treated quite differently than other industries or sectors because of the cycles.
I would rather be vaguely right than precisely wrong
Beating the market can be dangerous psychologically
The top-performing 2.4% of firms account for all of the $US 75.7 trillion in net global stock market wealth creation from 1990 to December 2020
My firm judged me qualified to write their daily market letter, based on the fact that I had one month’s experience in Wall Street
One should have two hopes for the stock market: one, that the market goes up and the other, that it goes down. This seeming split personality contains thinking that should be behind one’s investment strategy.
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