by Travis Johnson, Stock Gumshoe | May 1, 2015 7:59 pm
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Source URL: https://www.stockgumshoe.com/2015/05/friday-file-value-investor-conference/
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Dear Travis
Thank you for your valuable information as usual, as well your dedication.
This puts my thinkolator at work, and I can’t resist to ask you 2 questions:
1) If I have to (very simplicistically) reduce your investing philosophy and compare to, let’s say, that with Mr Navellier one, I’d say you look at the P/E metric in the first place, whereas he’s more focused on PEG.
You are on the same page with Mr Buffet, whereas Mr Navellier pretend to be on some other planet, timing the market with rocket numbers that only a “growth” based thinking process can produce.
Who’s right?
2) Very curiosly.. just today a nice flier in my mailbox from the Zacks guys is titled “weekend wisdom” and it says: “Don’t pick growth stocks, our research demonstrates that they underperform the market in a 10years time…so that growth stocks (30%+earnings growth) return a lossy -1.2%, compared with a better 9% return of modestly growing stocks (0-10%) in the same 10years timeframe”.
How counterintuitive!
Question: growth is bad also for you?
Please don’t take this as a dummy criticism. The point is that I find funny how instrumentally we can be driven to the wrong conclusion, and I’d like to grasp your plain thoughts on this topic like never before.
Thank you in advance for your radically honest feedback.
Yours respectfully,
fabrizio
Thanks, Travis.
A food producer and distributor that dominates a major foodstuff
to China is a very interesting idea to me. WH group just had a recent bump but long term I like the idea very much.
$MT I am also long MT, bought convertible stock. As with most of my commodities and materials I bought before the bottom but will stay with MT for the long term. It serves dual
purpose for diversification in that it gives exposure to steel and is a European company.