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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (46700)	2/22/2012 9:38:03 AM
From: Mattyice	Read Replies (1) \| Respond to of 78673

Jurgis, I understand what you are saying.... I guess i am just sticking up for the people who are wrong... I personally think it is not as black and white as most people like to make it out to be. As value investors, sometimes you are early, sometimes really early..... You see something different than everyone else is seeing and it does not make sense to you. Under this scenario I think its difficult to stay in the rat race and play the same game as everyone else. (at the same time conforming bias makes is extremely difficult i would think considering you have investors that can pull funds) If a manager has draw downs or performs subpar for several years and then has huge asymmetrical payoffs, not sure how that makes him a failure. (in Hendry's case he has only been a manager for a few years i think and hopefully being bearish you can still find value wherever its at) I think Meredith Whitney is someone experiencing this very thing currently (have no idea if she is right) I think constantly outperforming the market is difficult... that's all.