Quote:
Originally posted by Colin@Nov 14 2002, 08:53 AM
Many white papers have been written saying that all market returns are completely random. I think those academics are completely mistaking something that looks completely random from something that is completely random. I truly believe Mr. Buffett has understood the markets better than nearly everyone else and probably better than everyone else.
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Colin,
I agree completely. Often, one has to take a few steps back before seeing the pattern in otherwise random looking events.
I would also add Sir John Templeton in with Warren Buffett.