I'm not sure what your point is. Yes, it is as simple as buy low, and Buffett is saying the same thing. The main point is that most people aren't smart or confi

I'm not sure what your point is. Yes, it is as simple as buy low, and Buffett is saying the same thing. The main point is that most people aren't smart or confident enough to be able to [a] determine which stocks are undervalued and [b] buck the herd instinct.