Quote:
Originally posted by FlyingIguana
smart money? most institutional investors are nothing more than sheep
smart money comes from guys like buffet. very few mutual fund managers are worth toilet paper they wipe their ass with
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Yeh really. Smart money? Where? Who? A handful of true market wizards and that's all. Most institutional money guys are sheep too.
Buffett though isn't a wizard. He's even said so himself. His stock market philosophy is incredibly simple.
"I buy companies for less than they are worth, that sell products and services I understand, and then hold them forever."
Warren Buffett