“I'm convinced that there is much inefficiency in the market.”

— Warren Buffett, book The Superinvestors of Graham-and-Doddsville

The Superinvestors of Graham-and-Doddsville (Fall, 1984)

Adopted from Wikiquote. Last update Nov. 30, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "I'm convinced that there is much inefficiency in the market." by Warren Buffett?

Warren Buffett146

American business magnate, investor, and philanthropist 1930

Related quotes

“Markets can be efficient or inefficient; so can governments. thus market failure is a counterpoint to government failure.”

Nicholas Barr (1943) British economist

Source: Economics Of The Welfare State (Fourth Edition), Chapter 4, State Intervention, p. 93

“It can be very expensive to try to convince the markets you are right.”

Ed Seykota (1946) American commodities trader

Source: Covel, Trend Following, page 59

“I'm looking for a market for wisdom.”

Leó Szilárd (1898–1964) Physicist and biologist

As quoted in "Close-up : I'm looking for a market for wisdom. : Leo Szilard, scientist" in LIFE‎ magazine, Vol. 51, no. 9 (1 September 1961), p. 75

“An emerging market is a country where politics matters at least as much as economics to the market.”

Ian Bremmer (1969) American political scientist

"Managing Risk in an Unstable World," http://custom.hbsp.com/b01/en/implicit/product.jhtml?login=BREM060105&password=BREM060105&pid=1126 Harvard Business Review (June 2005).

“I'm a free-marketeer. I believe in free markets, but… sometimes you have things that look like free markets but aren't because of artificial reasons. I'm not very happy with the current state of what calls itself free market economy in the world because you've got all these grotesque monopolies that are able to game the system in a way that's to their advantage by virtue of their power, and that's not a free market.”

John Perry Barlow (1947–2018) American poet and essayist

Planet JH Weekly interview (2005)
Context: I'm a free-marketeer. I believe in free markets, but... sometimes you have things that look like free markets but aren't because of artificial reasons. I'm not very happy with the current state of what calls itself free market economy in the world because you've got all these grotesque monopolies that are able to game the system in a way that's to their advantage by virtue of their power, and that's not a free market. A real free market has some kind of countervailing influence from the government to keep a monopoly in check, but this government... it's not about free marketing principles, it's about greed pure and simple. And this government wants to assure that the other people that they went to college with get just as rich as they do. This country is going to make Mexico look like Sweden inside of ten years in terms of wealth distribution, because there are no countervailing forces. They've eliminated tax basically for the ultra-rich, they've eliminated any control over monopolies, the greedy have free reign and its just going to be the super rich and the peasants.

“The abolition of the market means not only that the consumers—that is all members of society—are robbed of virtually all choice of consumption and all influence over production; it also means that the information and communication are monopolized by the State, as they too need a vast material base in order to operate. The abolition of the market means, then, that both material and intellectual assets would be totally rationed. To say nothing of the inefficiency of production convincingly demonstrated in the history of communism, this economy requires an omnipotent police state. Briefly: the abolition of the market means a gulag society.”

Leszek Kolakowski (1927–2009) Philosopher, historian of ideas

"The Self-Poisoning of the Open Society"

“Corruption exists because there is too much, not too little, market.”

Ha-Joon Chang book Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism

Prologue, p. 18
Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008)
Variant: Corruption often exists because there are too many market forces, not too few.

“Manufacture was all the time sheltered b protective duties in the hoe market, by monopolies in the colonial market, and broad as much as possible by differential duties.”

Karl Marx book The German Ideology

Source: The German Ideology (1845/46), pp. 183

“The absurdity of monetary system which robs people first of their fair share in the "free market economy" and then - through some of the most inefficient procedures imaginable - returns some of this money in the form of welfare payments to the same people, has rarely been exposed by the "experts" nor been discussed in public.”

Margrit Kennedy (1939–2013) German architect

Source: Interest and Inflation Free Money (1995), Chapter Three, Who Would Profit From a New Monetary System?, p. 71

“It is much easier to organize control over one industry serving many markets than over one market served by the products of several industries.”

Joan Robinson (1903–1983) English economist

Source: Contributions to Modern Economics (1978), Chapter 15, 'Imperfect Competition' Revisited, p. 167

“I'm convinced that there is much inefficiency in the market.”

Help us to complete the source, original and additional information

Warren Buffett146

Related quotes

Related topics