Many value investors are following bad advice. Individuals wanting to profit from the stock market are consistently trying to become the next Warren Buffett (Trades, Portfolio).
They use careful analysis to find wonderful companies trading at fair prices. This investment strategy is bound to drag down long-term returns and minimize profits.
Value investors would be wise to stop thinking so hard about the stocks they buy. Evidence shows that the highest long-term results are achieved when applying highly simplified stock-selection strategies.
