Do prices Really Matter?

黑山老妖

This article appeared in the April 2007 ASX Investor Update email newsletter. To subscribe to this newsletter please register with the MyASX section or visit the About MyASX page for past editions and more details.
Do prices really matter?Following the hype over the recent global sell-off in shares, Roger Montgomery Managing Director of Clime Asset Management, questions whether analysis of price movements should be the basis of an investor’s decision when purchasing shares. Find out why he believes value investing, through investing in solid businesses is the better option.Price versus valueLet’s say you have a passive part interest in an unlisted business. What happens in the stock market would have no impact on either the profitability or the value of your business. World events, economic forecasts, movements in local and international stock markets and commentary by media commentators who confuse price with value would have no impact on your business. It would continue merrily on it

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