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Kass: Merits of Market Agnosticism

Stock quotes in this article: BSC , CIT , GS , MS , MER , BAC , LEH  

Updated from 11:59 a.m. EDT

This blog post originally appeared on RealMoney Silver on March 25 at 8:45 a.m. EDT.

"The stock market is a no-called-strike game. You don't have to swing at everything; you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, 'Swing, you bum!'"

-- Warren Buffett, 1999 Berkshire Hathaway Annual Report

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