punk_ash

Laszlo Birinyi: S&P 750's the Bottom - Barron's Interview

who is the bigger fool, Birinyi or the people who follow fools like him. Birinyi is not really a fool since people like him have lived off of masses without doing any real work.

So, we are the bigger fools to give fools like Birinyi a platform to speak. We should all manage our own money, its not that hard anymore. You will end up protecting your money and save on commissions and idiot talk.

Anyone who predicts a market bottom is a moron. Buffett does not do that, he has said many times that he cannot predict the markets, he can only do due diligence and pick up good companies and here comes Birinyi with his prediction.

When the market does bottom, and there would have been predictions of all sorts, and then we will hear from those people who ended up right over and over again and not from the majority who ended up being wrong.

So, people will take credit for chance.