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W.B. refuses to invest in internet companies. He feels that they are overvalued. And there is a difference between stock price and the value of a company. Of c
by steveplace 18y ago
W.B. refuses to invest in internet companies. He feels that they are overvalued.
And there is a difference between stock price and the value of a company. Of course, I also believe that the efficient market hypothesis is bullshit.
- byrneseyeview 18y agoI though the argued that they were hard to understand, not intrinsically worth less than the price at which he could buy them.