Will Rogers was not a market guru but rubbed shoulders with a few,
he warned of the crash, and his "Don't buy if it don't go up,"
quote, was well after the crash.
He also referred to the Wall Street gang as the "peanut gallery." ,
and stuck pins in their balloon more than once. Both before
and after.
Some bankers use to invite him as a speaker to their hob nobs just to prove they were good sports. He would rare back with a smile on his face and insult the hell of them, and not only could
get away with it, but got paid to do it.
I can't afford to trade the MO MO style, was just using it to
show the effect in the market, and why the older value style
of investing does not seem to be as effective as it once was.
I doubt very many individual investors could trade Mo Mo style
and I don't exactly recommend it. I'm just calling attention to it
so people might think or re-think about how time tested
methods can lose their effectiveness.
If any thing, one has to keep an open mind, and at least consider
a strategy within their means. Ignoring the MO MO characteristic
won't make it go away. So how you fit that into the equation could
lead to a serious debate, and never be conclusive, as the way
people should invest will never be the same. Among their resources
is also their ( time window ) as to when they might need the money back. While I talk stocks a lot I'm 61 and 80% in bonds.
Glad you noticed the improved spelling, as old as I am cleaning
it up was a chore.
Jim
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