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

To: Graham Osborn who wrote (58068)	9/25/2016 5:24:03 AM
From: bruwin	Respond to of 78753

I'd say that what you described there is a view more from a Technical Analysis (T.A.) perspective rather than one from interrogating the actual business performance of a company. And T.A. relies, heavily, on the 'Efficient Market Theory' (EMT) which holds the premise that every share is exactly where it should be, because all the pushes and pulls of the Marketplace have led to that conclusion. One of the problems with that is when the phenomena of Ben Graham's manic-depressive "Mr.Market" enters the picture and share prices move contrary to Financial Fundamentals. You refer to the likes of Soros and Rogers. I'm a fan of Buffett who has very little regard for the EMT and was known to state, "I'd be a bum on the street with a tin cup if the markets were always efficient." As Buffett said about 'Mr. Market', "He's there to serve you, not to instruct you". gizwick made the statement that, "I only sell when it becomes obvious that true value* has been achieved"* I asked, "I'd be interested to know from what specifics, within the fundamental financials of a company, leads you to the conclusion that its "true value" has been achieved." I was hoping to receive a reply based on his scrutiny of the "fundamental financials of a company". As things stand, I'm patiently waiting for his reply. Needless to say, it's entirely up to him as to whether or not he wishes to respond ....