4 ms·
In evaluating stocks, I always view a well-written analysis that is signed by a person who has obviously put some honest work into it, and I know, from my own r
by aj7 4y ago
In evaluating stocks, I always view a well-written analysis that is signed by a person who has obviously put some honest work into it, and I know, from my own research TO BE OBVIOUSLY WRONG, as an extremely bullish indicator for that stock. Put more simply, if a smart person gives one or more COMPLETELY WRONG reasons for avoiding a stock, buy it. Treat this article in a similar vein.
Moreover, I remember articles in the 80s, with an almost identical analysis about how Windows PC’s, which were by then ubiquitous, also lead to zero productivity growth. What happens is that the new technology is extremely productive to a group of experts, who aren’t particularly interested in disseminating their proprietary advantages. Eventually, “regular programmers” are tasked with writing similar applications, the good ones of which spread like wildfire.