Re: Another book question
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Its a great book that everyone else has read, making its contents and practical application irrelevant.
Think, people!!
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First, many people are clueless and haven't read very much of anything. Even, of those who have done some reading, a very small percentage have read that particular book.
Second, even if everyone knew how to do the same thing the same way, there would still be options for taking advantage of the "crowd psychology" that would therefore occur!
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There are huge value funds run by people that have read this book. Dodge and Cox, the myriad vanguard value funds, fidelity, t rowe, americamn, oakmark, blah blah blah.
The information in the book is useless for the individual investor because too many people with too much money know are familiar with the techniques.
The average investor is competing with literally hunderds of billions of dollars seeking seeking to buy value stocks (and all other kinds of stocks as well).
How delusional and arrogant to think could do better. Buy IJJ and IJS, 2 value indexes instead.
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