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<p>[QUOTE="Cloudsweeper99, post: 1313137, member: 3011"]From the Amazon comments, I wonder whether the writers even read the book since their objections are handled in the book. The comments probably stopped because the book is no longer published. But it is very easy to apply the method using any market average or mutual fund price during the period since 2008 to evaluate the result. I agree that the book provides a methodology, not a strategy. In my case, the strategy I use is value investing. The portfolio management method in the book is very valid when used in combination with value investing. Benjamin Graham spoke very favorably about mechanical methods to vary the portion of a portfolio devoted to stocks v. cash or bonds, and even came up with a few himself. But I've never found any methods better than Lichello's, although I'm sure they exist. I've never heard anyone say stocks are a good way to get rich without work -- at least not since about 1971.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1313137, member: 3011"]From the Amazon comments, I wonder whether the writers even read the book since their objections are handled in the book. The comments probably stopped because the book is no longer published. But it is very easy to apply the method using any market average or mutual fund price during the period since 2008 to evaluate the result. I agree that the book provides a methodology, not a strategy. In my case, the strategy I use is value investing. The portfolio management method in the book is very valid when used in combination with value investing. Benjamin Graham spoke very favorably about mechanical methods to vary the portion of a portfolio devoted to stocks v. cash or bonds, and even came up with a few himself. But I've never found any methods better than Lichello's, although I'm sure they exist. I've never heard anyone say stocks are a good way to get rich without work -- at least not since about 1971.[/QUOTE]
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