The Suicidal Value Investing

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Value investing is terrible. It's suicidal value investing. I've seen people lose their career because it sucks to value. Successive value investors themselves have graduated from Benjamin Green's type of investing analysis. Those who stick to that kind of investment haven't done well in the business. John Templeton once said if stocks are equally undervalued, he'll buy one that is starting to move. But why the real value investor? If you're buying a stock that hasn't started to move because it's a little bit cheaper,. So people don't realize this and Ben Jugram himself was under the impression that we call value over the market as an influence.

Rebecca Hotsko talks to Milton Berg about his shift from fundamental to technical analysis, his critiques of value investing, his use of market indicators to identify turning points, and much, much more!

Milton Berg, CFA, is the CEO and Chief Investment Strategist of MB Advisors, LLC. He has worked in the financial services industry since 1978 and began his career as a Commodities Analyst and Trader at Swiss-based Erlanger and Company. He has worked with well-known titans of the hedge fund world including Michael Steinhardt, George Soros, and Stanley Druckenmiller.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:30 - Why Milton transitioned from being a fundamental investor, studying Benjamin Graham and David Dodd, to a technical analyst?

10:49 - What drives market prices in the short term and long term, and are they random?

16:25 - Milton’s criticisms about value investing and learning from studying Benjamin Graham.

34:54 - How his investment strategy works, which is centered around identifying significant turning points in the market?

35:06 - What indicators he uses to assess whether the market is at a turning point.

45:25 - Whether Milton believes we are near a turning point today and the market has already seen its bottom.

53:00 - Is it possible to time the market?

01:00:33 - Advice on the most important factors that long term investors should focus on.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Check out: MiltonBerg.com.
Related Episode: Listen to MI255: Navigating Bubble 3.0: Is This Time Different? w/ David Hay, or watch the video.

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