Warren Buffett on the Stock Market: The best short summary on the market?

Fortune.com 2002 - Intro - Warren Buffett on the Stock Market

The thoughts that follow come from a second Buffett speech, given last July at the site of the first talk, Allen & Co.'s annual Sun Valley bash for corporate executives. There, the renowned stockpicker returned to the themes he'd discussed before, bringing new data and insights to the subject. Working with FORTUNE's Carol Loomis, Buffett distilled that speech into this essay, a fitting opening for this year's Investor's Guide. Here again is Mr. Buffett on the Stock Market.

Blodgett wrote a fascinating 3 part series for Slate recently. In it he references this piece, calling it the best written in recent times.