On the long term valuation dominates

“Sometimes, you just have to let the performance speak for itself. And

for that, I present Fortune: 10 Stocks To Last The Decade … (August 14,

2000: Nokia, Nortel Networks, Enron, Oracle, Broadcom, Viacom, Univision,

Charles Schwab, Morgan Stanley Dean Witter, Genentech) … The

portfolio managed to lose 74.31%, with 3 bankruptcies, one bailout, and

not a single winner in the bunch. … The lesson is that valuation matters.”

Quote: Barry Ritholtz – December 20th, 2012.