Chapter 4
"Forecast with ____, not like a professional."
Accuracy
Kens goal in forecasting isn't to get the actual number right, but to use the ____ ____ to get the market in the right direction
three questions
Johns Hopkins, my _____, life lessons, and pulling a Gertrude.
Grampa
Chemistry
James O'Shaughnessey labeled the PSR what?
The King of Value Factors
"To approach investing correctly (like a scientist, not a _________), you must test your capital markets technology.
blacksmith
What is the 4th Investment Life Lesson?
If you start something, finish it.
January
In Ken's book Super Stocks, he defined low PSR stocks as generally ones where the company's value was less than __% of the company's total annual revenue.
75
What is the quiz called in chapter 5 for mitigating oil price hysteria?
The Gas Pump Quiz
What was Gertrude’s most famous question?
Is there a there, there?
As investors, we seem compelled to assign causality where none exists, creating the basis for false investing
"truisms"
What was the relationship Ken mentioned in his 1984 book “Super Stocks”
PSR
A stock selling $25 with $25 in sales per share has a PSR of ___? (a #)
1
What 2 types of people does Ken say don't need to read this book in his list of life lessons?
- Someone with a rich daddy/fat inheritance.
- Someone with a great investor for a sibling.
"I knew I was in trouble when Richard Bernstein was promoted to chief market forecaster at ____ ____"
Merrill Lynch
What time period did Ken's forecasting technology stop working for him due to everyone else catching on?
Mid-2000's
Anything widely discussed you likely needn’t worry about relative to markets because markets are discounters of all known information and anything so widely known must be about nearly fully
discounted
Ken believes that there is no credible link between ___ and stock prices
oil
"In any year, if the split stocks do worse than the stocks that don't split, the ___ does better than the average stock."
index