Private Buffett lunch goes to highest bidder for over $3 million

[ironchef]

Wow too long time required, maybe before reap the result we already death
But maybe this is good to invest and forget might if already remember then will look investment growth already

Not if you are in your 20s and 30s. You may want to read Jeremy Siegel's book on "Stocks for the Long Run". It is actually not that difficult to find a few "buy and forget" stocks.

I don't remember the portfolio managers name but he was on Bloomberg radio a few months ago. They kept talking about how his phd advisor was Eugene Fama (the creator of EMH). This PM's phd thesis was that long term value investors do outperform the market. He used some rigorous statistical methods to prove it and he claimed that Eugene Fama agreed with his conclusions.

I wonder if there is a PhD thesis looking at long term trading. For us, it is too boring to just collect stocks, like watching grass grow so we trade. It is more exciting and we hope more profitable.

 

[Jreality]

3 Million? PT Barnum was right!

 

[der_kommissar]

I don't remember the portfolio managers name but he was on Bloomberg radio a few months ago. They kept talking about how his phd advisor was Eugene Fama (the creator of EMH). This PM's phd thesis was that long term value investors do outperform the market. He used some rigorous statistical methods to prove it and he claimed that Eugene Fama agreed with his conclusions.

I believe that it was Cliff Asness

 

[radex78]

Not if you are in your 20s and 30s. You may want to read Jeremy Siegel's book on "Stocks for the Long Run". It is actually not that difficult to find a few "buy and forget" stocks.

Seems good sound, buy and forget stocks, but however in investment business, also there are some difficulties to choose right stocks that can buy for long run in profitable, use money that afford to buy and forget assume it's money vanish already .

 

[newwurldmn]

I believe that it was Cliff Asness

I think you are right. I remember thinking how it was a stat arb guy who was endorsing deep value fundamental investing.

 

[radex78]

I think you are right. I remember thinking how it was a stat arb guy who was endorsing deep value fundamental investing.

It's veru good I think if already endorsing about fundamental analysis, on stocks this will very important as trigger before making decision