14 January 2009
Dear Fellow Investor
You may remember that I have already sent you an article written by Tim called Hitting it out of the park which showed how investors routinely overpay for growth companies (companies with high growth expectations), relative to value companies (companies with poor growth expectations) usually to the detriment of their investment performance.
Take a minute to read the article if you missed it. Its worth five minutes of your time.
Getting back to Tim.
As I mentioned in the previous post Tim is one of the few market professionals that gives his true opinion of the market. Unlike the bulk of investment commentators that have never seen a market they did not like.
On to Tim's article (emphasis mine)