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

To: Paul Senior who wrote (65025)	10/2/2020 3:19:45 PM
From: Elroy	2 Recommendations Recommended By bruwin petal Read Replies (2) \| Respond to of 78781

I'm one who does not believe that that is The Way or a way to achieve consistent exceptional returns. You don't think financial statements are the way to achieve exceptional financial returns? Well, I would agree they in and of themselves are not the way (they're just a bunch of numbers), but knowing these numbers in great depth is really useful in the analysis that may allow you to achieve exceptional returns. How can you really have an in depth knowledge any stock without in depth knowledge of their financial statements? However, the flip side is everyone (in theory) has access to this information, so what you do with it that is different than other is how you achieve exceptional returns. Lets say two armies have the same inventory of weaponry. Since they're equal from that point, what they choose to do with the weapons probably determines who wins. But if one of the armies doesn't even take the weaponry inventory into account when planning it's attack, and the other army DOES take the weaponry inventory into account when planning it's attack, the second army is going to win the fight 90% of the time.