Investing in low P/E stock requires due diligence - Wall Street ...

From: GuruFocus Updates -

5:39am - November 5, 2011

By cdubey. It was December 2009 when I started investing and bought my first stock. I had read a few books before deciding to take the plunge, because they say you learn by trying. If you wait until you know everything about investing, you will never be able to do it. Among others, I read the book "Contrarian investment strategies" by David Dreman and "The little book that beats the market" by Joel Greenblatt. Dreman first makes the case that the current investment methods do not work. For this he analyzed several strategies followed by mutual funds and pros and showed that "throwing darts to pick stocks" beats them by a large margin. An investor will be better served by owning an ETF on the whole market than putting his money with a money manager. Because over long term, they lag the market average. Read more ? ?

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Source: http://ewallstreeter.com/investing-in-low-p-e-stock-requires-due-diligence-4602/

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