HGO - Chart, page-168

Warren Buffets thoughts on charts:

Interesting comments from Warren Buffet at their annual general meeting.

“If you look at stocks as a business, and treat the market as something that doesn’t tell you – isn’t there to instruct you, but it’s there to serve you – you’ll do a lot better over time than if you try to take charts and listen to people talk about moving averages and look at the pronouncements and all that sort of thing,”

They are of course a reflection of the fact that he has learnt that the market is crazy and provides opportunities when it undervalues and overvalues companies.

Bring on HGO's over valued period I've run out of money to buy.