Comment by VLM
9 years ago
Not missed on a large enough scale. Prices used to fluctuate and occasionally be below the fundamental value. That never happens anymore, supply and demand issues. Given that fundamental value never exceeds price, if I were investing instead of speculating/gambling I'd never buy in. And if you're speculating/gambling, the fundamental value of a company is irrelevant. Or rephrased the above is the comedy I'm referring to.
> That never happens anymore
Really, it never happens?
Forget about me, if the worlds greatest value investor Warren Buffett and his managers are buying. What more do you want.
As I said you missed the whole point of those books. You should read the books again, it takes multiple readings to understand them.