Mr Market the psychotic schizophrenic fool

Warren Buffett said he made the mental shift in 'value investing' when he understook his mentor's (Benjamin Graham) concept of Mr Market. Some days he feels like a depressed idiot providing 'value' to buy into, whilst others it behaves like an overexcited jumping jackrabbit (like most the short term locals on BMD), providing elevated prices for the astute trader to sell into.

 

Tuesday and Wednesday, the locals were forming the opinion that the KLCI was the 'short of the centure' and how they were going to make millions from this crisis.... I rest my case. BTW I think they are still short, so maybe Mr Time can help them out...