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Google Inc. |
Just to add to my last post, I remember the Motley Fool once
recommending, as part of their grand strategy for beating the market,
NOT to value the companies you buy, because "the market is efficient
anyways". What stupidity! Anyone who has taken an economics or a
finance course will see the contradiction in that. If the market is
efficient, we should all just put our money into the index and say to
hell with professionals or individual stocks because their price will
fully reflect the value of all known facts, and all expectations about
the company. How is one to then beat the market? I didn't pay too much
attention to it at the time, but after going to university for
business I clued in. Now the Motley fool, ever the bandwagon-jumper,
has embraced the current Buffett trend of investing.
What Cramer and the Motley Fool have in common, besides flipfloping
more than a fish on the shore, is that they are a distraction to
profitable investing. Actually, come to think of it I like Cramer and
the Motley Fool... steering others into doing stupid things makes it
easier for rational investors to make money.
Mr. Big