Stock Forecaster Glorifies Fortuneteller

"We have long felt that the only value of stock forecasters is to make fortune-tellers look good. Even now, Charlie [Munger] and I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children."

Warren Buffett

Money Moves from Active to Patient in the Stockmarket

"Our stay-put behaviour reflects our view that stock market serves as a relocation center at which money is moved from the active to the patient."

Warren Buffett