B Graham and Value investors very popular around here , isn't it.?
I suppose we can all put the financial information in a spread sheet, apply a magic formula, and puff, out comes the answer...............and wait, and wait and wait for the magic formula to work its magic.
But B Graham died a long time ago, even before there is the internet.
Nobody dreams of using a horse carriage travelling to work, but people don't mind being suckered...if it is about a possibility for some money.
On stock picking, if I am to recommend one guru, one tip, it would have to be William O Neal and his CANSLIM....go google it your self
On the objective of all good strategies........don't get killed if wrong, makes a killing when right. If you can do that, you can be rich as KYY.
All chemical reactions need a catalyst. Have you got a catalyst? How strong is the catalyst? Is it reliable, dependable? Got a sponsor/ sponsors?
I think people become better analysts after they stop simple extrapolations of past trends..........
The universal constant is change and after many years of yin, in many cases yang takes over.
yin yang they change they evolve.
the tool box of value investors has only limited use.
Look for the tool box of Growth investors.
Just because some thing is 100% numeric, does not make it 100% objective.
Its business (sense), people and numbers ( price) in this order.
Financial information is past, price is future.
Hang pig head sell dog meat
Everybody do it
Honest to yourelf, true to yourself, honest with the market
Empty the bottle , Close the ears,
watch the market action
Market don't lie, people do.
No risk no reward
The fundamental and economic function of the market is to reward risk takers and proven right later.
I will end this with 3 quotes from him..................
Quotes
"Since the market tends to go in the opposite direction of what the majority of people think, I would say 95% of all these people you hear on TV shows are giving you their personal opinion. And personal opinions are almost always worthless … facts and markets are far more reliable."
"The whole secret to winning and losing in the stock market is to lose the least amount possible when you're not right."
"What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower."
http://klse.i3investor.com/blogs/stockman/120743.jsp
