PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 24.39

-0.2%

3:59 PM EST

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To: Anthony Wong who wrote (7908)	6/12/1999 3:26:00 PM
From: Bull-like	Read Replies (2) of 9523

Anthony and the pfe thread- Let me just use the word from Warren Buffet. something to this effect: The market is often efficient, but investors quite often take it one step further. They believe that the market is always efficient. That is a huge difference! For if the market is ALWAYS efficient, the value investors, like Buffet, will never beat the market. What we are witnessing here on PFE price drop due to the TROVAN sales can be summarized with one word: STUPIDITY! Portfolio managers (thousands of them nowadays) don't care about the fundamentals or facts anymore, they just follow the crowd! Whenever they do follow the crowd, their jobs are always safe even if they are wrong, 'cause they can blame the EFFICIENT market. I am gonna sleep on my newly acquired PFE shares and the old shares for, say, another ten years? Da bull

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