Those who invested in Master Drilling Group (JSEMDI) five years ago are up 35%
News Source : Yahoo Entertainment
News Summary
- The Master Drilling Group share price has climbed 21% in five years, easily topping the market return of 15%
- The more recent gains haven't been so impressive, with shareholders gaining just 0
- 8%, including dividends
- In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always reflect the value of a business
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. Buying underrated businesses is one path to excess returns. To w [+4120 chars]