RE:Textbook exampleOn the contrary, in the age of algorithms you have more opportunities to swipe cheap shares. These high beta smaller companies shake out those who have weak minds.
In this trading environment, there are few places where you can find long term well priced equities with minimum risk (i.e. company is breaking even, has boatloads of cash, fast growth, no debt).
Human psychology shakes out weak hands who think the day to day stock price of an equity reflects the company. Valuable companies over time have their worth reflected in the stock price, but weekly/monthly fluctuations will ALWAYS exist.