Read a book with your mind

I read a guru's book on selecting stocks. It is all wrong in the current market conditions even he has a great historical performance he claims. As of 2012, the current market favors value and the market is very risky to me (so cash and defensive stocks are better bets).

2009 seems to be the Early Recovery phase of the market cycle (see the chapter on Market Cycle). It favored the beaten stocks that have high value. I made great money on these stocks and his strategy will not work. It is same for 2003.

It is not hard to prove my point. Just check the performance of his top stocks he recommended 3 months ago. They do not perform. It is not his fault, but his strategy does not fit the market conditions. When we are in growth phase, his strategy will work again. 
 

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