Du'ers who have degrees or advanced degrees in math, do you think that

[HereSince1628]

6. People who read, people who understand qrtly reports, and people who can calculate fair market price

Last edited Wed Jun 13, 2012, 04:19 PM - Edit history (1)

do better on average. Earnings are generally reported, you don't need to know any arithmetic to find them.

Of course most of what is available to read is shit, and many quarterly reports hedge the truth. And calculating fair market price requires either an educated or a wild-ass guess at future earnings. Well, to be fair, future earnings are typically a combination of educated and wild-ass guesses. I say wild-ass because these speculations include knowing how a company is expected to do against other companies in its sector, and how it will be affected by the financial environment during the investment period--things which depend on information which is often bounded by large uncertainty.