2017/05/09

Warren Buffett’s Letter to Shareholders (1985 年巴菲特致股東信)

Warren Buffett’s Letter to Shareholders (1985 年巴菲特致股東信)


You might think that institutions, with their large staffs of highly-paid and experienced investment professionals, would be a force for stability and reason in financial markets. They are not: stocks heavily owned and constantly monitored by institutions have often been among the most inappropriately valued.

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