With the Facebooks IPOing today, I spotted a great quote that reminded me of en primeur.
“It’s almost a mathematical impossibility to imagine that, out of the thousands of things for sale on a given day, the most attractively priced is the one being sold by a knowledgeable seller (company insiders) to a less-knowledgeable buyer (investors).”
WARREN BUFFETT
Now, isn’t that something to sip on?
