Originally Posted by
W:Buffet
Investing illusions can continue for a surprisingly long time. Wall Street loves the fees that deal making generates, and the press loves the stories that colorful promoters provide. At a point, the soaring price of a promoted stock can itself become the ‘proof’ that an illusion is reality. Eventually, of course, the party ends, and many business ’emperors’ are found to have no clothes.” Warren Buffett (1930- ), America investor, (in his annual letter of Saturday, Feb. 27, 2021).
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