A Brief Introduction to Darts Summary and Analysis

There are two basic schools of thought about investing in the stock market. The Efficient Market Theory says that a stock is worth whatever it will sell for, and the key to doing well is to diversify. The other school states that a stock's value should be based solely on the factual data available about a company, and the way to do well is to purchase only bargains and invest only in companies whose business you fully understand, for the long-term. Buffett has held to this latter school for most of his investing life, and it has "worn well with time." To the first school, picking stocks by throwing darts is just as valid as any other method; Buffett, they insist, has not been right, but merely lucky. Both schools have differed on...