Comments on: Strategic investing: Value investing without the market timing http://www.popeconomics.com/2010/05/05/strategic-investing-value-investing-without-the-market-timing/ Sat, 21 Jan 2012 19:01:48 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Mike http://www.popeconomics.com/2010/05/05/strategic-investing-value-investing-without-the-market-timing/comment-page-1/#comment-356 Mike Thu, 06 May 2010 00:55:57 +0000 http://www.popeconomics.com/?p=1030#comment-356 When I read that you were talking about a strategy between passive and active investing, something else came to my mind. I know a lot of hedge fund managers that try to track a specific index, for example the Dow 30, but will just underweight the companies that they think suck. When I read that you were talking about a strategy between passive and active investing, something else came to my mind.

I know a lot of hedge fund managers that try to track a specific index, for example the Dow 30, but will just underweight the companies that they think suck.

]]> By: dan http://www.popeconomics.com/2010/05/05/strategic-investing-value-investing-without-the-market-timing/comment-page-1/#comment-333 dan Wed, 05 May 2010 18:05:29 +0000 http://www.popeconomics.com/?p=1030#comment-333 any idea if shiller is using earnings numbers that include/exclude extraordinary items to calculate the ratio? any idea if shiller is using earnings numbers that include/exclude extraordinary items to calculate the ratio?

]]> By: Rob Bennett http://www.popeconomics.com/2010/05/05/strategic-investing-value-investing-without-the-market-timing/comment-page-1/#comment-319 Rob Bennett Wed, 05 May 2010 14:51:13 +0000 http://www.popeconomics.com/?p=1030#comment-319 <i>Kind of a cop out, you might argue. But hey, you didn’t expect me to reverse my position, did you?</i> It's a helpful, constructive, positive, life-affirming "cop-out", in my assesssment. It gets people thinking about the right things. I'd like everyone to understand that I did not start out thinking that Buy-and-Hold was dangerous. Like most others, I presumed that it worked <i>just fine.</i> A strange set of circumstances forced me to spend a lot of time studying the data. The more I studied it, the more amazed I was at how big a role valuations play in making long-term investing success possible or impossible. There's room for lots of different viewpoints. I am today at one end of the spectrum of reasonable opinion. You are at a different place on the spectrum of reasonable opinion, Pop. Each person comes at these questions from a different set of life experiences that places him or her at a different spot along the spectrum. The key is that we all just keep talking it over. That's how we all learn. That's how we all (including me!) advance in our understanding. Thanks for another thought-stimulating post. Rob Kind of a cop out, you might argue. But hey, you didn’t expect me to reverse my position, did you?

It’s a helpful, constructive, positive, life-affirming “cop-out”, in my assesssment. It gets people thinking about the right things.

I’d like everyone to understand that I did not start out thinking that Buy-and-Hold was dangerous. Like most others, I presumed that it worked just fine. A strange set of circumstances forced me to spend a lot of time studying the data. The more I studied it, the more amazed I was at how big a role valuations play in making long-term investing success possible or impossible.

There’s room for lots of different viewpoints. I am today at one end of the spectrum of reasonable opinion. You are at a different place on the spectrum of reasonable opinion, Pop. Each person comes at these questions from a different set of life experiences that places him or her at a different spot along the spectrum.

The key is that we all just keep talking it over. That’s how we all learn. That’s how we all (including me!) advance in our understanding. Thanks for another thought-stimulating post.

Rob

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