RE:Bottomless ignorance>But ignorance reins supreme in the stock market.<
I suggest that you REIN in your criticism of Warren Buffet and those who quote him; there is little doubt that Mr Buffet is a much better judge of value in the stock market (intrinsic or other) than are you.
I hate to RAIN on your parade, but I suspect that the currently REIGNing monarch of the British Commonwealth, Elizabeth II, might also disagree with you.