I have seen research on investment strategy with
which even irrational investors may achieve success. This
irrationality may have to do with various investing activities. Such
as selling when others are selling or using their irrational behavior
to help influence corporate management to their points of view.
No matter the strategy being used, irrational or not, I see flaws based on decades of observations. One is the short-term nature of investor thinking.
Secondly and more important, there is no discipline. Strategy employed is usually not decisive, nor is it kept as policy in the face of inevitable market pressures. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
No matter the strategy being used, irrational or not, I see flaws based on decades of observations. One is the short-term nature of investor thinking.
Secondly and more important, there is no discipline. Strategy employed is usually not decisive, nor is it kept as policy in the face of inevitable market pressures. (See the Earl J. Weinreb NewsHole® comments and @BusinesNewshole at Twitter.)
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