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In other words, Buffett doesn't try to beat the market, he tries to be the market and waits for morons to walk in and lose to it. A bit like running a casino t
by sukilot 6y ago
In other words, Buffett doesn't try to beat the market, he tries to be the market and waits for morons to walk in and lose to it.
A bit like running a casino that lets customers set the odds but chooses which bets it accepts.
That might be splitting hairs.