Or we note the ownership life cycle as a former growth stock such as Microsoft (MSFT, news) ages toward a value stock, losing one type of investor as it picks up another.
However, they also note that if you bought a small-company stock right after he recommended selling it, you got the best returns of all.
然而，他们也提到，如果你在他推荐抛售一家小公司的股票之后，马上买进，那么你会得到最佳的收益。
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Even more striking, the researchers note that achieving overall success was less important to the stock speculators than the sadistic drive "to damage their opponents."