A correspondence theory of truth (believing you have figured out how markets work permanently) cannot adapt to change; when markets evolve, investors holding a correspondence theory are violating their own model but cannot recognize it.
definitionpending
Speaker
Robert HagstromEvidence Quote
“most of the people operate with a correspondence theory of truth”
Source
Warren Buffett Published His Whole Playbook | Robert Hagstrom on Why Only One Tenth of 1% Uses It— Excess ReturnsCreated: 8/12/2026, 6:12:15 PM
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