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Replace the word value investor with lottery winner and perhaps the logical error you're making will become more obvious; one can name lottery winners all day l
by gnaritas 9y ago
Replace the word value investor with lottery winner and perhaps the logical error you're making will become more obvious; one can name lottery winners all day long, it doesn't validate their strategy, it's simply survivorship bias. I'm not saying value investing doesn't work, just that your argument for it is ill formed, pointing out successes is not a rational argument for something. You have to know how many failures there are as well and need the same information for other strategies you're saying are less effective.