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Strategies & Market Trends : Value Investing

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To: Steve168 who wrote (21298)	5/12/2005 3:40:54 AM
From: Dale Baker	Read Replies (1) of 78748

I just finished Ralph Wanger's excellent book on value investing "A Zebra In Lion Country" in which he points out that the star forecasters who predicted the October 1987 crash remained bearish during the recovery afterward and did not go long for the subsequent huge bull runup. Yet their newsletters still sell because they were "right" once out of many, many wrong calls. It's not what you do right or wrong one time, it's whether your approach to the market (and there are many) makes money over time and beats the market averages. The rest is just hype and rhetoric.

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