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Warren Buffett's Investment Philosophy: The Stock Market Is Not a Casino

The Motley Fool +1 ·

BRK-A Berkshire Hathaway Inc
$789585.00 +1.18%
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  1. 1Warren Buffett recently described the stock market as a church with a casino attached.
  2. 2Warren Buffett said it is difficult to find value when everyone prefers gambling.
  3. 3According to Warren Buffett's 1989 remarks mentioned in the Berkshire Hathaway shareholder letter, buying a great company at a fair price is much better than buying an average company at a very good price.

So what's the key point?

Warren Buffett said the stock market has become like a gambling hall lately. This means it is important to buy good companies at a fair price.

Source The Motley Fool +1 · View original ↗

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