We live in a probabilistic world but value deterministic thinking.
“You’d need to be an Olympic long jumper to bridge the gap between how well the public thinks the economy is doing and how well the economy is actually doing.”
“A margin of safety is necessary because valuation is an imprecise art, the future is unpredictable, and investors are human and do make mistakes.”
“The world is competing for savings. And the money goes where it is most productive.”
We live in a probabilistic world but value deterministic thinking.
“You’d need to be an Olympic long jumper to bridge the gap between how well the public thinks the economy is doing and how well the economy is actually doing.”
“A margin of safety is necessary because valuation is an imprecise art, the future is unpredictable, and investors are human and do make mistakes.”
“The world is competing for savings. And the money goes where it is most productive.”