Saturday, September 13, 2008

On Value Investing

Value Investing: "The fact that it's so simple makes people reluctant to teach it. If you've gone and gotten a Ph.D. and spent years learning how to do all kinds of tough things mathematically, to have to come back to this is - it's like studying for the priesthood and finding out that the Ten Commandments were all you needed."

(New York Times Magazine, L. J. Davis, April, 1990)

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