Waiting for the S&P 500 to revert to the mean is like Waiting for Godot
Even returns over 20-year spans bear little resemblance to each other
Author Benjamin Valore-Caplan, Guest Columnist January 26, 2010 at 6:24 AM
Stephen Winks
January 26, 2010 — 12:55 PM
Makes you appreciate the long term view of Warren Buffet and Ben Graham, their amazing performance and timeless insight. Mathmatical precision in highly structured transactions for short term gain somehow never seem to generate sustainable performance. Simplicity works. Experience is learning what’s old and proven may not be as sexy or intellectually stimulating as academic exercises but at least it works.
