Cheery consensus

Det har varit dålig uppdateringstakt här på sistone, men det händer saker bakom kulisserna och snart visar det sig förhoppningsvis på bloggen också. Tills vidare ber jag er insupa följande citat:

A second argument is made that there are just too many question marks about the near future; wouldn’t it be better to wait until things clear up a bit? You know the prose: “Maintain buying reserves until current uncertainties are resolved,” etc. Before reaching for that crutch, face up to two unpleasant facts: The future is never clear; you pay a very high price in the stock market for a cheery consensus. Uncertainty actually is the friend of the buyer of long-term values.

– Warren Buffett


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