People get married to a stock. They hold it even when the evidence begins to deteriorate, perhaps in the growth of earnings or in the acceleration of earnings. Our ranking system would start to pick up that information and lower our preference for the stock. But again, individuals do not like to admit error. They tend to stick to it longer than they should. -- Samuel Eisenstadt

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INTERVIEWS  |  November 22, 2000
Samuel Eisenstadt Of Value Line
For more than 50 years, Samuel Eisenstadt has been one of the major reasons for the phenomenal success of Value Line, Inc., developers of the Value Line Ranking System. Eisenstadt is research chairman, senior vice president, and a director of the company, and his primary areas of responsibility include the application of various quantitative methods to securities valuation and forecasting. A frequent lecturer on Value Line techniques to business school audiences and financial analyst societies, Eisenstadt has successfully debated prominent efficient market proponents and was a pioneer in challenging their thesis that the markets could not be beat.

Working Money's David Penn interviewed Eisenstadt on October 16, 2000.

People get married to a stock. They hold it even when the evidence begins to deteriorate, perhaps in the growth of earnings or in the acceleration of earnings. Our ranking system would start to pick up that information and lower our preference for the stock. But again, individuals do not like to admit error. They tend to stick to it longer than they should. -- Samuel Eisenstadt


by David Penn

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