Ghost of Cutten
Registered: Aug 2009
06-06-12 03:40 AM
Quote from ralph00:
While I thank you for the brevity of your post, you surely realize that this refers to the Husssman-like conversations on this thread about what "the market" is going to be doing over the next decade, and not the day-to-day wiggles.
Was it Julian Robertson who said "What do I buy, what do I sell, how do I win," after hearing some brilliant presentation about what "the market" was going to do?
Hmm it wasn't clear, because there've been conversations here knocking market calls (I mean actionable calls on trading timeframe, not vague 10 year 'views') over individual stock picking. But yes I agree that vague discussions about what the CAGR of the S&P will be over the next decade are basically pointless. If you don't believe in active management then you will just index and have a stock allocation no matter what your view. If you are an active trader/investor then you will pick the 'best' assets and stocks, not just blindly index the 'market'.