From: gts (gts_2000@yahoo.com)
Date: Wed Jun 11 2003 - 14:40:16 MDT
Brian Atkins wrote:
> Here's one example, there are others out there:
>
http://www.kc.frb.org/PUBLICAT/ECONREV/PDF/4q00shen.pdf
There is no shortage of people who believe they have a theory for beating
the market. The P/E ratio theory (buy when P/E is low and sell when P/E is
high) is as old as the hills. It doesn't work after adjusting for risk.
Unfortunately, nothing works for beating the market after adjusting for
risk.
There are on the other hand a million ways to beat the market averages if
you're willing to assume more than average risk.
-gts
This archive was generated by hypermail 2.1.5 : Wed Jun 11 2003 - 14:48:11 MDT