Currently, I am reading two books on investing of opposite strategies. On one hand, I am reading Jim Cramer's Real Money book where he believes the market is not 100% efficient and there is money to be made that beats the indexes by a decent return. Year after year, these are found in the small cap, less discussed stocks.
On the other hand, I am reading "A Random Walk Down Wallstreet," which discusses investing behavior and how people through the centuries have been burnt by "castles in the sky." This book recommends value investing the Warren Buffet way in ETF's, etc.
Warren Buffet said in his 2005 letter (paraphrased), "Investors have had a string of good returns but have learned any number multiplied by zero equals zero."
Basically, I am just looking for some conversation on which school of thought you believe in and why.
Thanks in advance and I apologize for any spelling/grammar errors.
2006-11-13
07:42:38
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9 answers
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Anonymous
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Investing