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Long

Warren Buffet Is "Spot" On!

TVC:SPX   S&P 500 Index
"They know that overstaying the festivities — that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future — will eventually bring on pumpkins and mice."

"But they nevertheless hate to miss a single minute of what is one Helluva party."

"Therefore, the giddy participants all plan to leave just seconds before midnight."

"There’s a problem, though: They are dancing in a room in which the clocks have no hands."

*Warren Buffett*

Comments

That's priceless wisdom!
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