“Approval, though, is not the goal of investing. In fact, approval is often counter-productive because it sedates the brain and makes it less receptive to new facts or a re-examination of conclusions formed earlier. Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”
— Warren Buffett, in a letter to shareholders for Fiscal 2008
Great Gains, Greeted by Yawns
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