Binge Quote by Warren Buffett
“We still find very few [stocks] that even mildly interest us. That dismal fact is testimony to the insanity of valuations reached during The Great Bubble. Unfortunately, the hangover may prove to be proportional to the binge.”
About This Quote
Source Speech: Berkshire Hathaway Annual Shareholders Meeting, 2022
Valuations were wildly inflated during the Great Bubble, leaving few genuinely attractive stocks today.
In simple terms: Few stocks are truly appealing after the bubble.
Seek undervalued opportunities.
Themes
Mood
Type
When to use this quote
- stock selection
- portfolio construction
- risk assessment
Key Concepts
Questions to Reflect On
- How can you identify genuine value in a frothy market?
- What metrics help avoid overpaying for stocks?
Market sentiment can still distort true value.