Once, at a lecture, he was asked if Wall Street professionals were better at forecasting what would happen to market, and if not, then why, and here's what he said:
"Well, we’ve been following that same question for a generation or more, and I must say frankly that our studies indicate that you have your choice between tossing coins and taking the consensus of expert opinion and the result is just about the same in each case.
Everybody in Wall St. is so smart that their brilliance offsets each other. And that whatever they know is already reflected in the level of stock prices for the much, and consequently what happens in the future represents what they don’t know." - Benjamin Graham
这里的观点是华尔街从来没有人能预测未来会是怎样发展变化的。
你是想自己做到华尔街做不到的事？还是相信华尔街的MM变得如此聪明，终于可以做到以前做不到的事了？
