MICHEL PIREU: Points system helps sift the chaff from value stocks
Buying the highest-scoring stocks and shorting those with the worst scores would have resulted in 23% annualised gains, Harry Domash finds
18 June 2019 - 05:07
The likes of Warren Buffett and David Dreman have for years been encouraging a value approach to investing.
“The market is a pendulum that forever swings between unsustainable optimism (which makes stocks too expensive) and unjustified pessimism (which makes them too cheap),” wrote Jason Zweig in The Wall Street Journal’s The Intelligent Investor. “The Intelligent Investor is a realist who sells to optimists and buys from pessimists.”..
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