This from Mr. Buffett's annual newsletter to shareholders:
In Warren Buffett’s most recent annual shareholder letter, he wrote,
“Though the stock market is massively larger than it was in our early years, today’s active participants are neither more emotionally stable nor better taught than when I was in school. For whatever reasons, markets now exhibit far more casino-like behavior than they did when I was young.”
Nicely stated, Mr. Buffett!
Best wishes,
OAG Tom
Buy from the Scared; Sell to the Greedy.....