mahony

Value Portfolio Produces a Horrendous Report Card

A Beta of 1.1 means you should only have lost 17% (compared to 15%)!???That's like expecting someone with a 333% batting average to get a third of a hit. If that is how you invest, no wonder you are surprised that your portfolio dropped so much.

Calling your portfolio "value" is a bit of a stretch anyway. What P/E do you use as a cut 20 or 30? Forward PE's based on estimate from analysts (i.e. cheerleaders)??? You mean the estimates that have been dropping all year? Wow, I hope people aren't following your advice.