Comments on: Yahoo v Google — Are times-a-changing? http://www.mikeonads.com/2007/07/18/yahoo-v-google-are-times-a-changing/ Ramblings about online advertising, ad networks & other techie randomness Mon, 19 Jul 2010 20:29:21 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Ed K http://www.mikeonads.com/2007/07/18/yahoo-v-google-are-times-a-changing/comment-page-1/#comment-3172 Ed K Sun, 22 Jul 2007 15:51:51 +0000 http://www.mikeonads.com/2007/07/18/yahoo-v-google-are-times-a-changing/#comment-3172 Mike, Have you read 'The Four Pillars of Investing' by William Bernstein? One of its main tenets supports this article, where he states that (basically) good companies make bad stocks, and bad companies make good stocks. With 'bad' companies, investors are assuming greater risk but with much bigger rewards coming (assuming the company doesn't go out of business [ie, eliminating survivorship bias]). Bertstein says that on average investing in 'bad' stocks yields better returns, but that most investors aren't nervy enough to actually do this (everyone wants to hop on the trendy/good stocks). /Ed Mike, Have you read ‘The Four Pillars of Investing’ by William Bernstein? One of its main tenets supports this article, where he states that (basically) good companies make bad stocks, and bad companies make good stocks. With ‘bad’ companies, investors are assuming greater risk but with much bigger rewards coming (assuming the company doesn’t go out of business [ie, eliminating survivorship bias]). Bertstein says that on average investing in ‘bad’ stocks yields better returns, but that most investors aren’t nervy enough to actually do this (everyone wants to hop on the trendy/good stocks).

/Ed

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