Walker Crips' Market Commentary
US GDP figures better than expected
Warren Buffet compared the stock market to a voting machine and a weighing machine in a letter to Berkshire Hathaway shareholders back in 1987. In the short term, it can be influenced by ever-changing public opinion. But like a weighing machine, over the long term, what truly matters is the concrete, measurable financial results that determine its true value. This idea is relevant to the current situation, where the market is off to a great start for the year; perhaps as a consequence of market participants placing too great a vote of confidence in better-than-expected GDP data and an over-sensitivity to the annual pace of inflation cooling...
Diageo, Intel and J Sainsbury
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