Re:Steve Ballmer's Microsoft
by MartinCron on Tuesday May 15, 2012 @07:13PM
(#3979458)
I don't remember who first said it, but it's worth repeating, "the market can stay stupid longer than you can stay solvent"
If your life savings is invested in one undervalued company then sure, that's pretty risky. If you happen to have a portfolio spread amongst many undervalued companies, then I'd love to be in your shoes no matter what people quote at me.
Re:Steve Ballmer's Microsoft
by harshreality on Tuesday May 15, 2012 @08:19PM
(#3979678)
John Maynard Keynes. s/stupid/irrational/
Re:Steve Ballmer's Microsoft
by MartinCron on Tuesday May 15, 2012 @11:01PM
(#3980245)
Thank you. I'm not sure if I'm proud or embarrassed to be an unintentional Keynesian.
Just following your logic here, value investors bank on the market's eventual rationality?
Or is it rather that a company who is undervalued for no real reason today might be overvalued for no real reason tomorrow?