(AP Photo/Richard Drew, File)
My entry in today’s “Make the Reader’s Eyes Glaze Over” contest is based on this story published a couple of days ago by Bloomberg.
My expertise in investing in financial markets is derived from my decades-long experience in losing money from the limited individual investor trading that I have done. I got quite good at it at one point.
I remember vividly the warnings given to me by friends in the business who said “Buying based on factors like “price-to-revenue” numbers — when the company has never actually made a profit — is a questionable long-term strategy.” I should have taken that advice to heart back in the March 2000 “Doc.com bubble.”