Analysis of Buying Businesses at Fair Price and Efficient Market Theory

Exploration of purchasing private businesses at half the price they would sell for publicly to increase their value through different earnings multiples. Contrast between Buffett's strategy of acquiring public businesses at private business prices and the Efficient Market Hypothesis suggestion that market prices are efficient reflections of value based on rational decisions, analyzing the role of emotions like fear and greed in market fluctuations and investor decision-making.