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“You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.”
— Warren Buffett
From Investment Values
BOOK REVIEW : Wall Street Revalued
Wall Street Revalued: Imperfect Markets and Inept Central Bankers (Wiley 2009) by Andrew Smithers, 246 pages. Since the eruption of financial crisis in 2008, a spate of books has appeared seeking to explain the cause, and identify the culprits of … Read more
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