TanKW, well done. You have very good skills. Just some comments here.
In investing, past performance may not be an indicator of the future. Short-term performance is not an indicator for long-term return. More important is the long term return because investing is a long term endeavor.
But the Rules Cold Eye uses is widely used by value investors. They are intuitive. Research has shown that excess returns were earned by the value investing rules.
"Don't start attacking" was not directed to Charles. It was directed to the one and only one who likes to kachau me. Anyway, I would like to share with you this:
Isaac Newton once said “If I have seen a little further it is by standing on the shoulders of Giants.”
We know from hindsight that Newton was brilliant, if not genius, in the field of science, physics and mathematics. But as he says, he did not get there by himself. He took the wisdom and knowledge of Giants who paved the way before him and made it into his own.
Who are the giants in finance and investing? Let me start with a few first. Others can add on.
Warren Buffet, Philip Fisher, Charles Munger, Peter Lynch, Benjamin Graham, George Soros
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kcchongnz
6,684 posts
Posted by kcchongnz > 2013-08-12 14:14 | Report Abuse
TanKW, well done. You have very good skills. Just some comments here.
In investing, past performance may not be an indicator of the future. Short-term performance is not an indicator for long-term return. More important is the long term return because investing is a long term endeavor.
But the Rules Cold Eye uses is widely used by value investors. They are intuitive. Research has shown that excess returns were earned by the value investing rules.