"...(This) is what a lot of investors forget. The stock market is one of the few places where when things go on sale, people like them less. If you put up a giant sign at your local Whole Foods that said "all produce half off," people would go bananas. But an equity goes down, without a corresponding decline in business value, and people run for the hills. It's quite an unusual phenomenon..."
Pat Dorsey, Sanibel Captiva Trust Company
No comments:
Post a Comment