Tim Price of Price Value Partners looks at the psychology of money and investment as discussed in The Psychology of Money by Morgan Housel. With reference to Benjamin Graham and Warren Buffett, he discusses why patience, time and compounding are the investor's friend. He gives his opinion on the current irrational state of markets, particularly those linked to tech companies from the viewpoint of a patient, value investor concerned with absolute rather than relative returns. And he explains why he so often invokes the films of John Carpenter when discussing modern markets.
