Tillinghast: So many investors get caught up in the short-term outlook and don’t think at all about what a company is worth. Tillinghast: Yeah, I think they’re more inefficiently priced and a lot of investors want instant gratification, even professional investors. Tillinghast: I don’t think everyone will take them, but I’m hoping that Morgan and Sam especially will absorb that. Tillinghast: I don’t think people use the same discipline in selling that they do in buying. I’ve got to find something else that’s growing 60%.” And so, they sell something that’s good for something that’s fantastic.

Source: New York Times May 30, 2023 20:26 UTC