Re: Is the stock market +EV?
Yeah, those 'buy and hold' strategies are for suckers. Suckers like Walter Schloss, Wally Weitz, Chris (et al.) Davis, Jim Gipson, Bob Rodriguez, Seth Klarman, Marty Whitman, Arnold Van Den Berg, Charlie Munger, Rick Guerin, Bill Ruane, Tweedy Browne, Rich Pzena, David Polen, Bill Miller, Bill Nygren, Jim Barrow, John Neff, Mason Hawkins, the Kahn brothers, Will Danoff, Dodge & Cox, Charles Brandes, Michael Price, Glenn Greenberg, Bruce Berkowitz, Mark Boyar, Lou Simpson, Phil Carret, John Constable, Tom Russo, Jean-Marie Eveillard and Charles de Vaulx, Dave Dreman, David Knott, Phil Fisher, Max Heine, Eddie Lampert, Louis Lowenstein, Larry Tisch, Ralph Wanger, ......
...those guys are barely even multi-millionaires.
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I doubt there is a single name on your list that's worth less than $100M. And a good number worth more than $1B. Boy that long term go it slow approach sure does pay off after a while.
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