The absence of thinking for yourself

“The most contrarian thing of all is not to oppose the crowd but to think for yourself.”

— Peter Thiel

Yesterday it was announced that at some time during the past quarter, Berkshire Hathaway’s 13F had reduced its holding in Taiwan Semiconductor (TSM) by 86% (from the previous quarterly filing).

and so, yesterday TSM’s stock price fell 5%.

This is one example where many who reacted to this news failed to think for themselves.

February 16, 2023