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Top 2 Michael Batnick Quotes (2025 Update)

Michael Batnick Quote: “By the fall of 1929, Livermore built up his biggest short position ever, $450 million spread across 100 stocks. And he was about to receive the biggest payday of his entire life. From October 25 through November 13, the Dow crashed 32%. In those 11 days, the Dow fell 5% seven times. Livermore covered all of his shorts and was worth $100 million, equivalent to $1.4 billion in today’s dollars. He was one of the richest people in the world. This would be the height of his powers.”
Michael Batnick Quote: “Graham taught his students and his readers that prices fluctuate more than value, because it is humans who set price, while businesses set value.”
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