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<p>[QUOTE=&quot;Cloudsweeper99, post: 1504591, member: 3011&quot;]I can explain how, and I&#039;ve taught two people who are now successfully managing their own stock portfolios.&nbsp; But that isn&#039;t the purpose of this forum, so I limited myself to recommending where people can go to get on the right track.&nbsp; I haven&#039;t even looked at what Knight owned.&nbsp; Maybe I own one or more of them.&nbsp; What happens in a single day is inconsequential to investment results over a multiyear period.&nbsp; What the book would show you is that computer algorithms are irrelevant to value investing.&nbsp; But I understand that since you never studied the topic, and have bought into the idea that investing is beyond the ability of individuals, then you have to believe what you do, and defend your inability to do it.</p><p><br /></p><p>Edit: I checked the impact of Knight on a few large cap stocks like AT&amp;T, Wells Fargo and Alcoa [none are recommendations], and as suspected the excitement lasted only one day.&nbsp; It might have been a good buying opportunity for people inclined to watch the market full time, but it was basically a non-event for value investors.[/QUOTE]</p><p><br /></p>

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