Warren Buffett cites a quote from economist John Maynard Keynes as he talks about how many newcomers are treating the stock market as a casino. Charlie Munger complains it’s shameful that some professionals are taking advantage of what he calls “the suckers".
Warren Buffett and his right-hand man Charlie Munger talked at Berkshire Hathaway's 2021 annual meeting about the gamblers, Warren Buffett said that There are a big amount of newcomers to the world of stocks which are day-trading and so on... he considered them gamblers, while Charlie Munger was a little bit more aggressive and called them "suckers".
Warren Buffett learned about value investing from Benjamin Graham who is considered to be the father of value investing. in his book "The Intelligent Investor" Graham suggests some principles for value investors.
The Intrinsic Value & The Margin Of Safety Are The Most Important Principles Used By Value Investors To Determine If A Stock Is A Buy.
Warren Buffett & Charlie Munger: This Is Why Day-Traders Aren't Investors -
Day-Trading Isn't Investing. Watch:
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