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Buffett on speculative trends:
"Any asset class that has a big move that's initially based on fundamentals, is going to attract speculative participation at some point, and at some point that speculative participation can become dominant as time goes by."
"Any asset class that has a big move that's initially based on fundamentals, is going to attract speculative participation at some point, and at some point that speculative participation can become dominant as time goes by."
Buffett on speculative trends 2:
"We're not good at figuring out how far a speculative boom will go.
If the fundamentals are attractive...we'll make some money.
We may not make remotely as much money as somebody who plays out the last 30 days or 30 weeks of a real wild orgy."
"We're not good at figuring out how far a speculative boom will go.
If the fundamentals are attractive...we'll make some money.
We may not make remotely as much money as somebody who plays out the last 30 days or 30 weeks of a real wild orgy."
Buffett on speculative trends 3:
"When you've had, in effect, the day traders of the internet move into the day trading of condos, then you get a market that can move in a big way." (2006 BRK Annual Meeting)
"When you've had, in effect, the day traders of the internet move into the day trading of condos, then you get a market that can move in a big way." (2006 BRK Annual Meeting)
