None of this means that Charles is wrong in his prediction. Markets do not march straight up without pause. But there are different ways to look at the evidence, and tempting to see it as supporting your own position.
Now you see why I call the “multiple” a Fudge Factor! Anyone can offer an opinion on what it should be. Better to use some data…..
Professors and traders are at opposite extremes of a continuum related to decision making. Professors work very methodically and do a lot of careful research before publishing findings. A lot of effort goes into their writing, so an article or book can take a long time. Professors can lose reputation if they make mistakes, but […]
Link: Hussman takes another shot at Google (GOOG). John Hussman, manager of the Hussman Strategic Growth Fund (ticker: HSGFX), took another shot at Google (ticker: GOOG) in his weekly letter. Extracts:…
Why write any of this? For the best reason: It is in there and it wants to come out! Some traders and investors just want to play the game. Others, like the OldProf, are analyzing, asking why, and trying to figure out whether we were lucky or good. Mostly I am writing this for myself […]