Friday, October 14, 2011


Bruce Greenwald - Cheap and Ugly
That's the subject of the YouTube video, not a personal indictment, you understand. At around the 2:24 mark, he said that cheap and ugly shares outperformed the market by about 3-5% over long periods of time. So, nothing to get too excited about, then. He goes on to say that "if you know something", then you probably only really know it with 60% probability. The whole video lasts 8:31, and is worth watching.

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