tag:blogger.com,1999:blog-8152901575140311047.post2844096091470197852..comments2024-03-28T12:49:46.624-04:00Comments on Musings on Markets: Past performance is no guarantee of future performance... but is anyone listening?Aswath Damodaranhttp://www.blogger.com/profile/12021594649672906878noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-8152901575140311047.post-59965172931454482802014-02-26T07:34:09.463-05:002014-02-26T07:34:09.463-05:00Nice Posting! Selective Financial Services applies...Nice Posting! Selective Financial Services applies a professional structured financial approach to <a href="http://selectivefinancialservices.com/" rel="nofollow">project finance</a> and commercial transactions. When raising project finance it is important to have a plan or strategy for the future of the business to show to us, or cooperating banks, funders or alternative potential lendersAnonymoushttps://www.blogger.com/profile/01951271743006071996noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-48124211112401926042010-10-04T10:18:32.911-04:002010-10-04T10:18:32.911-04:00Where in my post did I argue that the stock market...Where in my post did I argue that the stock market was a roulette wheel? My point is that stock returns ultimately are determined by real factors - economic growth, productivity and uncertainty. In fact, I am arguing against "playing the market", which is really what gamblers do.Aswath Damodaranhttps://www.blogger.com/profile/12021594649672906878noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-89956509732789187782010-10-02T12:56:15.490-04:002010-10-02T12:56:15.490-04:00Aswath,
While I do not endorse everything that go...Aswath,<br /><br />While I do not endorse everything that goes on in the stock market, but the other extreme of it being considered as merelly a roulette wheel and a game of luck is sheer cynicism and lack of knowledge.<br /><br />I hv been investing for the past 30 years in the stock market, have gained money and lost it too and apart from real estate (In India only), nothing gives better returns in the long run than the stock market.<br /><br />Think abt it.doctorgeetahttps://www.blogger.com/profile/07258712947081895199noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-41138069438353295052010-09-27T17:45:08.134-04:002010-09-27T17:45:08.134-04:00When your educated, smart players play with all yo...When your educated, smart players play with all your gizmos and tools, guess who you are playing against? Other educated, smart players with similar gizmos and tools... You may want to read "The Loser's Game" by Charley Ellis, to get a sense of what I am talking about.Aswath Damodaranhttps://www.blogger.com/profile/12021594649672906878noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-8018289872752341662010-09-26T22:32:25.748-04:002010-09-26T22:32:25.748-04:00U say, "In the case of portfolio management, ...U say, "In the case of portfolio management, luck is the dominant paradigm that explains returns in short time periods. And chasing luck is not a good strategy..."<br /><br />That is a condescending statement.<br /><br />R u implying that all those educated professionals, their technical gizmos, their fuundamental tools and most importantly, their road to inside information to corporate/ management (asymmetrical information advantage) is merely luck???<br /><br />Not fair!!!doctorgeetahttps://www.blogger.com/profile/07258712947081895199noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-14243572046880423052010-09-22T08:47:03.948-04:002010-09-22T08:47:03.948-04:00In the end, perceptions will meet reality and mome...In the end, perceptions will meet reality and momentum investing is trying to avoid this reality.Outlandishhttps://www.blogger.com/profile/08952204028599396231noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-4264562422297457112010-09-22T06:52:11.108-04:002010-09-22T06:52:11.108-04:00There is a big difference between trusting an empl...There is a big difference between trusting an employee and return chasing. There are reasons beyond luck why an employee is good. In the case of portfolio management, luck is the dominant paradigm that explains returns in short time periods. And chasing luck is not a good strategy...Aswath Damodaranhttps://www.blogger.com/profile/12021594649672906878noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-58018717313169395922010-09-21T20:39:35.465-04:002010-09-21T20:39:35.465-04:00My friend,
Return chasing is merely reposing fait...My friend,<br /><br />Return chasing is merely reposing faith in a team that has performed well in the past.<br /><br />Donn't we do it all the time -- be it selecting an employee, someone to enntrust with a critical job, selecting a doctor/hospital for medical treatment, and so on?<br /><br />So what's wrong with this in investing?<br /><br />Don't be critical just to look smart.doctorgeetahttps://www.blogger.com/profile/07258712947081895199noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-29371698907147942902010-09-20T01:56:50.725-04:002010-09-20T01:56:50.725-04:00Nobody knows future. Hence, solution is a discipli...Nobody knows future. Hence, solution is a disciplined and diversified long term allocation.GOVIND GADIYARhttps://www.blogger.com/profile/16979167547318466056noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-74716316194436384842010-09-19T12:27:10.159-04:002010-09-19T12:27:10.159-04:00The irony is that no body listens to the "pas...The irony is that no body listens to the "past performance guidelines", rather joins the bandwagon..and always buy at the top of the momentum trading and sales at the bottom of it.<br />http://sandyyadav.wordpress.com/Anonymousnoreply@blogger.com