Whatever Happened to “Buy Low, Sell High”

from Zero Hedge

Via Global Macro Monitor,

Stock prices are very high and, clearly, Warren Buffett is not a practitioner of the “greater fool theory,” which have made many a trader short-term rich and long-term poor. Our long-term money and view (until the market breaks) is with Warren, the 4th richest person in the world with estimated wealth of $85 billion.

Yet, the idjits have the gall to mock this man for holding so much cash.

Continue Reading at ZeroHedge.com…

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