> Warren Buffett Blog: What the wise do in the beginning, fools do in the end

Thursday, April 6, 2017

What the wise do in the beginning, fools do in the end

A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street — a community in which quality control is not prized — will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.