Quote:
Originally posted by KRL
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
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he has a very good eye for value. you don't get to be in the to 5 of the richest people without being very smart.
there's people with better track records, but they're typically investing less money. gets harder when you're running a multi billion dollar portfolio of companies.