Reconciling "Random Walk" with "Market Wizards"

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Reconciling "Random Walk" with "Market Wizards"

#13

05-13-2005, 08:15 PM

edtost

Junior Member

Join Date: Feb 2004

Location: Princeton

Posts: 15

Re: Reconciling \"Random Walk\" with \"Market Wizards\"

[ QUOTE ]
Buffett's success is basic value investing principles, he buys undervalued securities. He's just been at it a bit longer, and is a bit better at it, than all the other value investors.

[/ QUOTE ]

Or undervalued investments are becoming harder to find as the markets become more efficient....

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