Warren Buffett: Shorting Overvalued Stocks Offers More Opportunities Than Value Investing

Warren Buffett is the preeminent conservative value investor. He’s certainly not known as for his shortselling. But at Berkshire Hathaway’s 2001 shareholder meeting, he said something surprising:

"You'll see way more stocks that are dramatically overvalued than dramatically undervalued. It's common for promoters to cause a stock to become valued at 5-10 times its true value, but rare to find a stock trading at 10-20% of its true value.”

[buffett]

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