Thursday, December 18, 2014 8:51:07 PM
Hi Clive, It's as I have said, AIM, in its various iterations, does a wonderful job of managing your investment warehouse, but it is still our job to find the right feed stock. Much like I hate okra because it seems slimy to me and avoid it like the plague but love broccoli and almost can't have it too often, AIM digests some positions better than others.
All the discussion we've had about the Orcroft Method, Vealies and other variations on a theme are wonderful. Now we need a good discussion on the right metrics for the current market. Things change over time and we see this in other stock market algorithms and fund managers when they do great for a while and then fall on their face. In fact I once read somewhere that a hot fund manager that is at the top of his game and is hired away by another fund almost never does as well again.
As I was reading recently, current management practices are very linear but this tends to create constipation of ideas and keeping up with changing tastes in the clientele. Take GM as one example. The process for creating a new model of a car takes years so they fell behind what the market wanted and almost went out of business. They could produce a car very efficiently but could not innovate.
AIM is that linear process and it is damn good at it, but the market is different today than when Lichello created it and even he kept tinkering with it. So, while we need to keep AIM tuned up regularly if we put gas into the tank of a car that uses diesel, trust me, it will run very shittily for for quite a while. I know, I did it once when I was tired and I only put a couple of gallons before I caught it and filled it the rest of the way with diesel.
That is why I ask about ideas for metrics for selecting the right fuel.
BTW, you used the Orcroft Method on both the buy and sell side in the spreadsheets you posted, right?
Best to all in this Holiday Season,
Allen
All the discussion we've had about the Orcroft Method, Vealies and other variations on a theme are wonderful. Now we need a good discussion on the right metrics for the current market. Things change over time and we see this in other stock market algorithms and fund managers when they do great for a while and then fall on their face. In fact I once read somewhere that a hot fund manager that is at the top of his game and is hired away by another fund almost never does as well again.
As I was reading recently, current management practices are very linear but this tends to create constipation of ideas and keeping up with changing tastes in the clientele. Take GM as one example. The process for creating a new model of a car takes years so they fell behind what the market wanted and almost went out of business. They could produce a car very efficiently but could not innovate.
AIM is that linear process and it is damn good at it, but the market is different today than when Lichello created it and even he kept tinkering with it. So, while we need to keep AIM tuned up regularly if we put gas into the tank of a car that uses diesel, trust me, it will run very shittily for for quite a while. I know, I did it once when I was tired and I only put a couple of gallons before I caught it and filled it the rest of the way with diesel.
That is why I ask about ideas for metrics for selecting the right fuel. BTW, you used the Orcroft Method on both the buy and sell side in the spreadsheets you posted, right?
Best to all in this Holiday Season,
Allen
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