Traders believe they can foresee short-term price movements. They’ve been fooled by randomness. That’s why they lose – and investors win. “The distinction between investment and speculation in common stocks,” wrote Benjamin Graham in The Intelligent Investor, “has always been a useful one and its disappearance is a cause for concern. We have often said that Wall Street as an … [Read more...] about Stop kidding yourself: Nobody can “time the market”
Archives for June 2025
Naysayers are wrong: You CAN emulate Warren Buffett
Critics misconstrue Buffett and Berkshire. Using his words and its data, I show that you can develop what he and his followers practice. Warren Buffett, since 1965 the Chairman, CEO and by far the biggest owner of Berkshire Hathaway, Inc. (hereafter “Berkshire”), recently announced that he’ll retire, at 95 years of age, at the end of this year. His stewardship has transformed … [Read more...] about Naysayers are wrong: You CAN emulate Warren Buffett