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Replies to #180 on 3M Company (MMM)

bar1080

12/18/14 6:39 PM

#181 RE: DewDiligence #180

I see two or three winners on your "my stocks" list and a whole bunch of losers for the last 12 months. Unfortunately one of your laggers is Monsanto which I own. Again I say that an S&P 500 index fund (or even a dart board) is hard to beat. The market is generally pretty efficient. Plus, the more one trades the more one lags. http://investorshub.advfn.com/boards/ProfileS.aspx?user=14742

But:
Among the well known exceptions to the Efficient Market Hypothesis...

Anomalies: Closed-End Funds

http://faculty.chicagobooth.edu/Richard.Thaler/research/pdf/closed%20end%20mutual%20funds.pdf

As for 3M, I simply can't understand the trading that goes on with that stock.