Institutional Imperative – How “Smart Money” Loses
Who exactly is “The Market”?. The answer: Institutions. And most of them behave stupidly. Much to the intelligent investor’s delight.
Who exactly is “The Market”?. The answer: Institutions. And most of them behave stupidly. Much to the intelligent investor’s delight.
We think we’re rational… But we really aren’t. The place where you really need to control yourself is the stock market.
Evaluating the board of directors? Who the **** does that? I do. And you should too.
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