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Re: RealDutch post# 156393

Sunday, 07/07/2019 6:03:22 AM

Sunday, July 07, 2019 6:03:22 AM

Post# of 163718

If I'm right about this, then all you have to do is look for companies where market expectations are WRONG, and invest your money there. You still need a bit of luck of course.



Your theory is indeed correct, but to know when the market is wrong takes a lot of skill and a bit of luck. This has been talked about from many value investing books.

This Memo talks about the things that you are just discovering.
https://www.oaktreecapital.com/docs/default-source/memos/1993-02-15-the-value-of-predictions-or-where-39-d-all-this-rain-come-from.pdf?sfvrsn=2

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