SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : WDC/Sandisk Corporation
WDC 243.29+0.6%3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve 667 who wrote (26006)5/28/2004 4:18:50 PM
From: Charlie Smith  Read Replies (2) of 60323
 
Steve,

Over a time period of about two years, "the market" is driven by emotion (greed and fear). Literally anything can happen with share prices, as the period 1998 - 2000 demonstrated.

Over a longer time frame, economics wins out, and this is the reason I invest. If I can figure out what a company is worth and buy it at a reasonable price, I'll be okay.

BTW, what I do is as far from "academics" as you can imagine. I run real money (FPCGX) with real clients attached. When I screw up, I get fired, unlike many in academia.

Also, most of what passes for knowledge in the investment world in the form of "modern portfolio theory" is useless.

charlie
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext