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>value investors Just following your logic here, value investors bank on the market's eventual rationality? Or is it rather that a company who is undervalued
by bgilroy26 14y ago
>value investors
Just following your logic here, value investors bank on the market's eventual rationality?
Or is it rather that a company who is undervalued for no real reason today might be overvalued for no real reason tomorrow?
- MartinCron 14y agoI don't remember who first said it, but it's worth repeating, "the market can stay stupid longer than you can stay solvent"
- harshreality 14y agoJohn Maynard Keynes. s/stupid/irrational/
- MartinCron 14y agoThank you. I'm not sure if I'm proud or embarrassed to be an unintentional Keynesian.
- rapind 14y agoIf your life savings is invested in one undervalued company then sure, that's pretty risky. If you happen to have a portfolio spread amongst many undervalued companies, then I'd love to be in your shoes no matter what people quote at me.