Yep I agree, his point was more that you don't want invest in companies that might be in the bottom 20%. Probably more than three quarters of companies on the ASX are possible candidates for that bottom 20% and should be avoided using this strategy. The point was to avoid all of these on the chance that they will be in the bottom 20% performance wise. Of course some of these poor quality, cyclical companies will generate excellent short term returns - though picking these is a specialist skill that I am not good at.
Yep I agree, his point was more that you don't want invest in...
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Last
$27.38 |
Change
0.050(0.18%) |
Mkt cap ! $3.927B | |||
| Open | High | Low | Value | Volume |
| $26.93 | $27.50 | $26.83 | $4.512M | 165.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 289 | $27.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.40 | 243 | 1 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| BRG (ASX) Chart |