Tuesday, February 28, 2006

The Market

What happened today is a perfect example of why people like me believe in the value-investing principles set forth by Graham and made famous by Buffett.

Google's CFO announced that the company's growth would probably slow down at some point, something everyone had to have assumed.

Yet it still brought the whole market down. Stocks, specifically tech stocks, plunged.

And for what?

Looks like Mr Market is in one of his moods.


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