Post #10724 by sutton on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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I have a "Quotations" file on my laptop, which in previous eras might have been called a "commonplace book" https://en.wikipedia.org/wiki/Commonplace_book#Eng...

For each quote, I try and reference the original source, but here's one I forgot. From its placement, it's probably September-ish of this year; from the content, it might well be a Shrewd'm author:

" People who "buy and forget" for months or years at a time have no effective influence on market prices. Their votes don't get counted. In effect, it's only the votes among the people with eyeballs on screens that set the price. Arguably they aren't the most rational ones on average, which might explain a lot about price movements."

Anyone hear recognize it/remember the source?

Thx

-sutton

(A rainy winter's day lagniappe for reading this far:

"Adieu; my frolic days have fled,
And after all youth's jubilee,
There's nothing now will comfort me
But a good fire, and wine, and bed."

Morris Bishop, Ronsard: Prince of Poets (1940; rpt. Ann Arbor: The University of Michigan Press, 1959), pp. 113-114

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