I noticed you have been investing since 1988! I am a novice investor with a growing arsenal of investing tools that I am constantly trying to sharpen and add to. What would be some of your observations on how to avoid heavy losses yet still make some decent money in stocks?
For some reason, I can't added a comment / ask a question in your article? I click submit and nothing happens - tried this on various browsers, computers, etc nothing. Oh well. Here is my question and comment for submission:
Dr. Price,
How do your models incorporate / predict the future by using historical data IF despite consistent historical data the future will not replicate the past? My point being, no matter how great a company's historical data is, the future will only prove to replicate the past et ceteris paribus. Even the largest moats fall over a long enough time span. Oh, and please don't say something like "If company X traded at 15 times earnings historically, I assume it will only trade for 12x earnings to incorporate a margin of safety. That is not an acceptable answer.
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I noticed you have been investing since 1988! I am a novice investor with a growing arsenal of investing tools that I am constantly trying to sharpen and add to. What would be some of your observations on how to avoid heavy losses yet still make some decent money in stocks?
Thank you for your time.
CWR
Your article on Ruane was terrific !! Do you know where we can find the original transcript of the 1990 tallk to the NYSSA ?
Thank you,
JP Bouchard
melvin_182@hotmail.com
Dr. Price,
How do your models incorporate / predict the future by using historical data IF despite consistent historical data the future will not replicate the past? My point being, no matter how great a company's historical data is, the future will only prove to replicate the past et ceteris paribus. Even the largest moats fall over a long enough time span. Oh, and please don't say something like "If company X traded at 15 times earnings historically, I assume it will only trade for 12x earnings to incorporate a margin of safety. That is not an acceptable answer.