Michael,
A prediction from the guy who wrote the Bull-speak glossary:
5. Aliens will invade the U.S. stock market. One day, much like a scene from a Grade B science-fiction movie, a new strain of investors will suddenly descend upon American financial markets. The aliens will suggest that stock prices should bear some sane relation to the expected profits. They will use peculiar terms such as "fundamental analysis" and "intrinsic value," and they will recite passages from the writings of Benjamin Graham and David Dodd, two men unknown to 21st century investors.
Realizing that such odd views could interfere with the operation of a healthy market in overpriced IPOs, the Wall Street establishment will derisively refer to the aliens as "value investors," a label applied to a tiny group of investors who held similar beliefs in the waning days of the 20th century. After the Great Net Stock Crash of 2013, however, value investing will enjoy a resurgence, and Graham and Dodd's groundbreaking 1934 book Security Analysis will hold the #1 position on Amazon.com's best-seller list for 18 seconds, longer even than Suze Orman's best-selling 21st Century opus, "The Courage To Get Rich By Saying The Same Things Over and Over Again In Every Book I Write."
Ha!
/Kit |
