Netizen: Teacher Duan, did Buffett say "There are no value investors under the age of forty"? I feel confused.

Duan: Some say it was Munger who said that, and the implication is probably that it is quite rare.

Netizen: Aren't we all practicing value investing? Do we only understand value investing deeply after turning 40?

Duan: What he means is that very few people can understand it deeply before the age of 40, but he didn't say that everyone will definitely understand it deeply after 40. $BTC $ETH $BNB