With all due respect, if you're using beta and complicated mathematical formulas to determine your investments, good luck to you. What has beta got to do with the long-term value of anything? It's simply a measure of short-term price volatility. Just because a bunch of ivory tower guys with PhD's write a formula, doesn't mean it makes any sense. How much have those guys earned investing?I'd rather try to emulate the approach of Warren Buffett. I don't think he even uses a calculator. If it's not so cheap that the value just screams at you, then it's probably wiser to wait for a better pitch.
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