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https://boards.fool.com/joel-the-question-is-not-what-the-quotaverage-18900682.aspx
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| Subject: Re: Partial response for Galagan | Date: 4/14/2003 7:37 PM | |
| Author: SloanT | Number: 101869 of 888931 | |
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Joel:The question is not what the "average investor" can do. Nobody with any sense wants to be "average". I cannot imagine why, when it comes to the stock market, people use phrases like "for the average investor...", as if they are trying to teach you to be average. I agree. In the report, on page 19, there is a very interesting table that reveals that 43.4% of accounts beat the market over the reviewed time period and 25% of accounts beat the market by more than 6% annually, all net of transaction costs. Furthermore, the top 10% of accounts beat the market by over 18% annually, again, net of transaction costs. Then consider the CANSLIM method, for example, which nobody here ever wants to discuss here. It is a particular discipline which provides superior results. But CANSLIM, like the other methods, requires some work, and people that are lazy are simply not interested in the work required. I think CANSLIM is an excellent 'next step' for many here at the Fool because it builds upon Fundamental Analysis by adding a little technical and market indicators to increase your probability of buying the right stock. It does nothing fancy, it doesn't predict the future, but I think it improves the odds. Perhaps you and I should have a weekly discussion on a different way to invest. I won't pretend to know everything (or even anything) but I do have open eyes. st |
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