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Berkshire Hathaway chairman Warren Buffett has said that high-speed trading contributes nothing to capitalism.
Berkshire Hathaway chairman Warren Buffett has said that high-speed trading contributes nothing to capitalism.
(Kim Kyung Hoon/REUTERS)

Warren Buffett’s not-stupid investing strategy, part II

Psychologist Daniel Kahneman was awarded the 2002 Nobel prize for economics in an event that clearly underscores the importance of human behaviour in the financial world. Mr. Kahneman’s research also fully supports, and to some extent underpins, the Berkshire Hathaway Not-Stupid school of investment strategy.