Re: 10k post
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I think the only way to beat the market is with insider information of some sort.
Mark cuban said it pretty well, he only buys stocks in which he can buy enough to have a "real voice" in the company, and in which he can make changes, etc.
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I disagree with this.
Buying with "inside information" would have been a big edge back in the old days when "insiders" took forever to report their stocks' position every time they increase or decrease their stake in the company. Nowadays, you know about 3 days [I may be wrong on the exact number] after an insider buy or sells his stock position.
One might argue that by the time we know what the insider does, it might be too late for us to sell/buy profitably. This is false and the explanation is too long for me to type since I have to show various scenarios and explain what each scenario means.
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by insider information he did not mean if the insiders are buying or selling, he meant information as in knowing if the company is going to fail to meet estimates and to sell before the market knows that.
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If you do your homework, then you should obviously avoid companies with histories of executives selling a few days before releasing their failure to meet estimates.
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