Investing based on dividend yield has been the best indicator. Companies with high rates of return on equity have done very well. Also, it's best to buy stocks in companies that have high growth of total assets, as well as those that have high earnings growth. The bottom line is that during the past 11 years, you should just have bought good companies regardless of their stock price. It's been worth it.
Most people look at a company's cash-flow, they consider things like the price and loss ratio.
They decide they will buy the stock if it drops to a certain price. But prices don't seem to be that important for performance. In Asia, value does better than growth. Also, investors tend to want to trade stocks in and out to maximize profit. But we've found that long-term investment really does pay off.