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The Investing Corner

The Pearl said:
The chance of you beating the market over an investing lifetime is close to zero. How to beat the market is fairly easy and most of the techniques involved in beating the market were known prior to 1950 or 1960. Effectively executing the techniques is extremely difficult. The list of investors that have verifiable long term records that have done it is very, very small.
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Loved when Ken Heebner was on CNBC and had his commercials running. Guy was a visionary during the crash, but unfortunately was a year too early. Whoops! Went from best of a decade to bunk overnight.

Then there's Berkowitz, equally impressive and respectful, but not shining so bright these days either.

My new strategy is watching the biggest value names try to manipulate through media and going contrarian. Ackman has made a joke of himself and the trend continues.
 
MoreFeasts said:
Are you talking Grahem/Buffet Pearl?
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Yep, or some variation thereof. There are some current exceptions employing quant methods, most notably James Simons, but for the most part, value investing is the holy grail, especially if you can apply it in the small cap arena and add a bit of momentum.
 
Berkowitz, I am thinking he was the guy early on financials?, so he is probably catching up lately.

Was Heebner the guy who said he turned 30k in 10 million in 2 years, or something like that, and he had a system that worked in "up markets, down markets, sideways markets..."
 
I tried to read a book on value investing in small caps last year.... it did make a lot of sense, but it didn't seem easy....I couldn't even finish the book , it seemed like about a thousand pages, if my memory serves me, at least 500, with endless statistics.
 
MoreFeasts said:
I tried to read a book on value investing in small caps last year.... it did make a lot of sense, but it didn't seem easy....I couldn't even finish the book , it seemed like about a thousand pages, if my memory serves me, at least 500, with endless statistics.
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Let me clarify. You have to educate yourself on the language of investing and more importantly, how markets work. The first is relatively easy for the motivated individual. The second requires a significant dedication and study, but the resources are out there either in some classic investment books are researching successful investor's "trading rules." It is my humble opinion that everything you need to know can be found in about 5 or 6 books, but you will have to read them about 5 times each. Even if you master this you still have to master the behavior side of employing any strategy. This is USUALLY the main problem for nearly everybody.

By easy I meant, once you learn the language, it is pretty easy to understand. Buying stocks with low price to book and low price to sales companies is relatively easy as you can screen for them or subscribe to a service.
 
MoreFeasts said:
Berkowitz, I am thinking he was the guy early on financials?, so he is probably catching up lately.

Was Heebner the guy who said he turned 30k in 10 million in 2 years, or something like that, and he had a system that worked in "up markets, down markets, sideways markets..."
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Ken Heebner, CGMFX. His RE fund was badass too. Look up his record. He bet on the fact that the Fed would turn things around, and was right. But he rode Ford all the way to the bottom and back. Both the correct calls with horrid timing.

Most people have never heard of Manu Daftary either. He's the guy who overtook Bill Miller's record of beating the S&P for a record # of years. Now another one star fund.
 
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