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<p>[QUOTE="-jeffB, post: 1644410, member: 27832"]For example: <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p><br /></p><p><br /></p><p>Now, <i>over time, starting now</i>, which asset is likely to yield better value -- one that's already been "best performing" (and therefore pumped up by additional investors) for the last ten years, or one that's been underperforming and neglected by investors during that same period?</p><p><br /></p><p>It's a non-trivial question, even if it's phrased rhetorically. Some investments are best-performing because they represent something with a consistent history of <i>generating</i> value or returns, sometimes over a period much longer than ten years. (I'm looking at you, Procter & Gamble.) And some are neglected by <i>wise</i> investors because they represent something mismanaged or ill-founded from the beginning.</p><p><br /></p><p>If it were simple, we wouldn't argue so much about it... <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 1644410, member: 27832"]For example: :) Now, [I]over time, starting now[/I], which asset is likely to yield better value -- one that's already been "best performing" (and therefore pumped up by additional investors) for the last ten years, or one that's been underperforming and neglected by investors during that same period? It's a non-trivial question, even if it's phrased rhetorically. Some investments are best-performing because they represent something with a consistent history of [I]generating[/I] value or returns, sometimes over a period much longer than ten years. (I'm looking at you, Procter & Gamble.) And some are neglected by [I]wise[/I] investors because they represent something mismanaged or ill-founded from the beginning. If it were simple, we wouldn't argue so much about it... :)[/QUOTE]
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