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Don't Fight the Tape - Rev. 2.0
Posted on June 23, 2008
Don't fight the tape , that's something I learned years ago when I was still a novice investor. It's only because I wanted to find an authority to quote in my book, Running with the Herd that I located one confirmation for this pearl of wisdom in the person of Prof. Benjamin F. King (University of Chicago, 1962) who discovered that 50% of a stock s price movement can be attributed to the overall movement in the market, 30% to the movement in its sector and only 20% on its own. If the market's going down, there's a good chance your stock will too.This market proves that there's actuall...
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