Re: Improving On Buffett And Desert Cat
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Perhaps I'll zoom in...
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If there are two differing opinions the true answer lies somewhere in between. On average. But closer to the guy who gets things right more often. As long as the other guy is better than random.
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Nope doesn't anwer his question or mine.
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Basically you are asking yourself why a stock is priced at $40 when you think it is worth $80. The market generally does a good job of valuing companies, why are informed investors selling this stock at a price so far below what you think it is worth? Do they know something about the current or future prospects for the company that you don't? You should seek to understand why informed market participants have such a widely differant idea as to value as you do because on average they are usually very good at valuing companies.
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