Teaching People to Trade Stocks Is Like Starting Them on Heroin

Re:Teaching People to Trade Stocks Is Like Starting Them on ... by thisisit on Thursday February 21, 2019 @11:28PM (#19223131)

Most of these charts rely only on quantitative measure of value like P/E and that has certainly under performed by a lot. But value investing goes beyond such quantitative measures.

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Re:Teaching People to Trade Stocks Is Like Starting Them on ... by kgwgk on Friday February 22, 2019 @04:14AM (#19224044)

Sure, it’s not just a question of ratios. But I think it’s hard to make the case that « value » has worked lately as well as it used to work.

Active value is not outperforming either: http://news.morningstar.com/fund-category-returns/

If you think those are closeted indexers we could look at hedge funds and I don’t think value stars have shined in the last years (but maybe my perception is not fair and it’s the result of over-reporting of the misfortunes of value investors: https://www.google.ch/amp/s/www.bloomberg.com/amp/news/artic...).

But the fact is that even Warren Buffet is doing just “ok” in relative terms. (Yes, he has a lot of money to manage. But he also has access to investment opportunities that nobody else has.)

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