Fundamental investing, all the reports but it's still a guess?

[Tysonboss1]

You can chose to chase the fashion and get out before fashion goes out of style
or the slow and steady path without timing, without fashion and steady as she goes return...

Thats why I would be a bad trader, I was the last of my friends to get a yo yo during the yo yo craze of '98, then I was still carrying it when suddenly yo yo's were for geeks. . I would be the one left holding Astro turf.com when it crashed 90% after everyone realised it was a rubbish business if I were a trend follower.

I have no Idea what the next "craze" will be, But I know If I buy a range of good businesses at good prices I will do ok.

 

[ROE]

Onetel

Yeah its investors are fundamentally strong though
Packers and Murdoch

 

[ROE]

Thats why I would be a bad trader, I was the last of my friends to get a yo yo during the yo yo craze of '98, then I was still carrying it when suddenly yo yo's were for geeks. . I would be the one left holding Astro turf.com when it crashed 90% after everyone realised it was a rubbish business if I were a trend follower.

I have no Idea what the next "craze" will be, But I know If I buy a range of good businesses at good prices I will do ok.

But we do need traders and speculators in the market, the more the better

with their fear and greed it will drive the market to historic high and bankruptcy low so it create opportunities for value investors.

without chart readers telling people FLT and CCP look real sick I cant get them at bankruptcy price.

 

[Tysonboss1]

But we do need traders and speculators in the market, the more the better

with their fear and greed it will drive the market to historic high and bankruptcy low so it create opportunities for value investors.

without chart readers telling people FLT and CCP look real sick I cant get them at bankruptcy price.

Indeed .

 

[Tysonboss1]

Here is an insightful interveiw from charlie munger, It opens with some insightful thoughts. But from the 7.10 min mark he makes some comments that on this topic.

The whole video is good though.

 

[Tysonboss1]

. My initial pondering really was meant to say, what if everyone was wrong about a company, thinking it was great when it wasn't? The SP of that company would still go up, and if everyone is wrong about a fundamentally sound company, that company's SP would not go anywhere.

 

[Tysonboss1]

 

[burglar]

.... what if everyone was wrong about a company, thinking it was great when it wasn't?

It's musical chairs mate, ... musical chairs!


(and insiders know when the music will stop!)