O'Reilly logo

The Zulu Principle: Making extraordinary profits from ordinary shares by Jim Slater

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

19. Ten Guidelines

You may have heard of Ian Little, an Oxford University professor, who wrote a paper in 1962 on the unpredictability of earnings entitled ‘Higgledy Piggledy Growth’. He argued that forecasting earnings was unreliable and that the earnings trends of a large number of British companies had been of no use in predicting their future course.

Little was criticised, his work was revised but still appeared to prove that earnings followed a random walk of their own, showing no correlation between past and future rates of growth. Put another way, Little was saying that in a fast-moving world, constantly changing industrial, economic, political and competitive conditions make it virtually impossible to use the past as a reliable guide ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required