How it works.


How it works.

I wrote to Saul:

“The best description of short term movements I ever heard is that Mr. Market is like a drunk looking for his car keys under the lamppost because that’s where the light is. IOW, mostly irrelevant.”

Saul replied:

“I like the description of the company and the stock price as being like a man walking with his dog on a country road. Sometimes the dog walks at the same pace, sometimes he runs way ahead of the man, sometimes he’s way behind the man, following a smell or chasing a rabbit, but they always arrive together when they arrive at their home.”

The Captain