Buffett hasn't publicly commented on the day-trading boom, but he's discussed similar behavior in the past.letter to shareholders in 2000Speculators may knowingly pay more than what a stock is worth in the hope of selling it for an even higher price, he said in hisBuying Hertz shares with the goal of dumping them before the stock becomes worthless fits that description.Aram Green has crushed 99% of his stock-picking peers over the last 5 years.
"They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice," Buffett continued. In other words, speculators don't know when the music will stop and reality will set in, wrecking their portfolios.Buffett compared the tech-stock fever in the late 1990s to a contagious infection in his 2000 letter.
"There's nothing more agonizing than to see your neighbor, who you think has an IQ about 30 points below you, getting richer than you are by buying stocks," he said.
Why would they? Who is Warren Buffett to give “advices” to everyone, I mean really... since when billionaires automatically became philanthropist...
In other news, doctors have warned about the dangers of smoking for years, smokers aren't listening.
Sebagadiss & .....
Page not found🤔
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Day traders are trouble for investors, hedge-fund titan says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Poor widdle wich titan bullied by the mean day twaders
Source: BusinessInsider - 🏆 729. / 51 Read more »
BlackRock CEO Larry Fink warns stocks don't reflect pandemic threat - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. “A little”... Ha!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market news: Coronavirus case surge and IMF data spooks traders - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Myanmar internet shutdown means some people don't know about the pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Yet their citizens are better at wearing masks than countries with the Internet. These poor folks the real number is zero
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market outlook: Nassim Taleb warns bonds won't protect investors - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. nntaleb Are you working from Beirut?
Source: BusinessInsider - 🏆 729. / 51 Read more »
The GOP's stupid crusade against Obamacare - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I think most of them gave up on that except Trump this seems like a bias take... My family coverage went from $400 to $1200 a month when Obama said it wouldn’t, explain
Source: BusinessInsider - 🏆 729. / 51 Read more »