Ignore the Noise

www.southofwallstreet.com

In today’s comments from David Rosenberg (well worth the subscription) he presents a quote from Dr. Lacy Hunt of Hoisington Investment Management that struck me as particularly insightful.  We would all be better equity investors, long and short, applying the same logic to company fundamentals.  However, noise is plentiful in a High Frequency world and commotion drives revenue for service providers.