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Who? And how much of their success was due to screening tools?
by endisneigh 5y ago
Who? And how much of their success was due to screening tools?
- FredPret 5y agoWell any of the ones that have made a profit, for starters. Even indexes like the S&P 500 are nothing but prefiltered lists of stocks. S&P’s criteria include size and industry. Buffet is famous for filtering out stocks by his own criteria, mainly focusing on the balance sheet. Nothing is certain, but a good filter increases the likelihood of profit, sometimes to a ridiculous degree.
- endisneigh 5y ago> Well any of the ones that have made a profit, for starters. Citation? I've made profit without ever looking at a screening tool or doing technical analysis. > Nothing is certain, but a good filter increases the likelihood of profit, sometimes to a ridiculous degree. Citation? Analysts do tons of technical analysis and fail to beat SPY. Buffet himself even made a Long Bet with someone to this point. I'm surprised you'd use him as an example...
- FredPret 5y agoI just mentioned the S&P500 as an example of a filter. S&P500 is what SPY consists of. Also, filter != technical analysis. Filters can work on any indicator. I use them on fundamentals, as do Buffet, Munger, Graham, Dodd.
- endisneigh 5y agoOK, enjoy your billions with your filters.
- FredPret 5y agoYou can disagree without being a dick about it