The Berkshire boss bemoaned that criticizing efficient market theory , or the idea that share prices reflect all available information, amounted to blasphemy in his"A finance instructor who had the nerve to question EMT had about as much chance of major promotion as Galileo had of being named Pope," he quipped.
Buffett also referenced the pontiff in a fable underlining the obsessive focus of Berkshire's managers in his"Our prototype for occupational fervor is the Catholic tailor who used his small savings of many years to finance a pilgrimage to the Vatican," he said. "When he returned, his parish held a special meeting to get his first-hand account of the Pope," Buffett continued. "'Tell us,' said the eager faithful, 'Just what sort of fellow is he?'"NewsletterLoadingBy clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our
DrDV4 what do you think about this? I mean know what you would think, but what is your response?
It's a direct correlation.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »