Warren Buffett is the preeminent conservative value investor. He’s certainly not known as for his shortselling. But at Berkshire Hathaway’s 2001 shareholder meeting, he said something surprising: “You’ll see way more stocks that are dramatically overvalued than dramatically undervalued. It’s common for promoters to cause a stock to become valued at 5-10 times its true value, but rare to find a stock trading at 10-20% of its true value.” [buffett] Also read: Q2/H1 Hedge Fund Letters – Letters, Conferences, Calls, And More Baupost Letter Points To Concern Over Risk Parity, Systematic Strategies During Crisis AI Hedge Fund Robots Beating Their…
Warren Buffett: Shorting Overvalued Stocks Offers More Opportunities Than Value Investing
Mark W. Gaffney
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