Excess Returns – Philosophy and Psychology
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Thanks Mike, excellent overview and super-detailed. I skimmed it to be honest, but even a skim was enough to be reminded of the many reasons why market value does not equal intrinsic value.
Thanks John. Yes, I’m afraid I got carried away – I think it’s a bit too detailed. I’ll revisit when I have time and thin it down or split it into two posts.
I think I was in too much of a rush to get past the groundwork, and into the meat of how the greats beat the market.