You have a point, but by that reasoning it's pretty much impossible to prove the contrary. Long term investing in good companies, that are 'cheap' works. Not ea

You have a point, but by that reasoning it's pretty much impossible to prove the contrary. Long term investing in good companies, that are 'cheap' works. Not easy to prove though. 2 of my favorites on this topic: Warren Buffet's "The superinvestors of Graham-and-Doddsville" - https://www8.gsb.columbia.edu/sites/valueinvesting/files/files/Buffett1984.pdf https://www8.gsb.columbia.edu/sites/valueinvesting/files/fil... Joel Greenblatt "Little book that beats the Market" - https://www.magicformulainvesting.com/Home/AboutTheBook https://www.magicformulainvesting.com/Home/AboutTheBook