Less volatile stocks tend to have negative abnormal profits; more volatile stocks tend to have positive abnormal profits.
Robert HaugenSo you see, in the end, it is nearly certain that the power of prediction must triumph over the arrogance of elegance.
Robert HaugenIn going directly to Investment Heaven, you build your portfolio as you would build a wonderful company through a merger and acquisition program. You specify the way you want your portfolio to look, and then you assemble the profile piece by piece by bringing together companies that make their own individual contributions to the desired character.
Robert Haugen