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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (29302)6/24/1998 10:28:00 AM
From: Knighty Tin  Respond to of 132070
 
Skeets, I agree with Warren. Modern Portfolio Theory is one of the great self-defeating philosophies. Now that everyone believes that it is impossible to beat the market by doing thorough research, it means that few do thorough research. The basis of the theory was that ALL the fundamentals were in the price of the stock because the analysts were so good. Though I thought that was silly back in the 70s, I don't see how anyone can believe it's true with the lousy analysts we have working today.

MB