Vish_ram Posted June 7, 2014 Share Posted June 7, 2014 http://money.cnn.com/2014/06/07/investing/stock-market-trading-oracle-ohio/index.html?iid=HP_LN How did he predict the 07 recession? Link to comment Share on other sites More sharing options...
Guest Posted June 7, 2014 Share Posted June 7, 2014 Ha. He's in my neck of the woods. Link to comment Share on other sites More sharing options...
Parsad Posted June 7, 2014 Share Posted June 7, 2014 Typical, glossy article that Money does. More commentary and anecdotes than anything about the "intellectual framework" he uses to make decisions. Cheers! Link to comment Share on other sites More sharing options...
Kraven Posted June 7, 2014 Share Posted June 7, 2014 These articles are great. You have to love them. He really digs into the fundamentals but doesn't know the names of many of the companies or what they even do. On the other hand, sure, these articles are total fluff but he isn't hurting anyone (well, other than the people reading it who think if he can do it so can they). I am sure he's one of the most popular guys in the retirement home. Link to comment Share on other sites More sharing options...
yadayada Posted June 7, 2014 Share Posted June 7, 2014 doesnt look like he is valueinvesting. But there are more ways to rome then 1 I guess. And if he does well for more then 10 years.. Just wonder what his total compounded return is over that period. Link to comment Share on other sites More sharing options...
frommi Posted June 7, 2014 Share Posted June 7, 2014 Looks like a momentum investor. In bull markets its probably pretty easy to outperform, but if he hadn`t this godsent idea to stay out of the market in 2008 he probably would have lost most of his outperformance/networth in that year. I am still thinking that its not a bad idea to combine momentum and value investing. Link to comment Share on other sites More sharing options...
Cer302 Posted June 7, 2014 Share Posted June 7, 2014 The article kinda reminds me of market peak articles of 2000 and 08, Where normal people making good returns at the same time a rising market with little or no research Link to comment Share on other sites More sharing options...
frommi Posted June 7, 2014 Share Posted June 7, 2014 The article kinda reminds me of market peak articles of 2000 and 08, Where normal people making good returns at the same time a rising market with little or no research I don`t think that its possible to outperform the market without research. Its just not the same research a value investor would do. Read this to understand: http://www.aqrindex.com/resources/docs/pdf/news/news_case_for_momentum.pdf Its just that a long only momentum investor will get hit hard in a bearmarket. The momentum premium in a bull market is stronger than the value premium, so its possible to outperform more with a momentum strategy than with a pure value strategy during that time. Link to comment Share on other sites More sharing options...
Evolveus Posted June 7, 2014 Share Posted June 7, 2014 He is quoted as saying: "...i only invest in aggressive growth stocks..." Wow. Intereting anecdote in regards to sentiment when a national publication is highlighting that as the backbone of a 77-yr old's successful investment strategy. Link to comment Share on other sites More sharing options...
moody202 Posted June 8, 2014 Share Posted June 8, 2014 I'm sure there are people on this board that beat his returns Link to comment Share on other sites More sharing options...
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