From: Dehede011@aol.com
Date: Mon Jun 16 2003 - 13:21:50 MDT
In a message dated 6/16/2003 12:52:18 PM Central Standard Time,
rhanson@gmu.edu writes: You have a much more basic question to address: what makes you
think you can do anything like a "Buffet type investigation"? I'm quite sure
that he has not completely revealed his investigation strategy. Look at the vast
numbers of traders who try to copy Buffet and fail. How do you know you will
succeed where they have failed?
Robin,
Once more you have asked a great question but once more I believe I
have a partial answer -- heck, maybe it is a complete answer, you be the judge
of that.
First, I do not have the the investigative power of Mr. Buffet. But
perhaps do I have sufficient investigative power to do the task I set myself.
I have been studying to prepare for pursuing my goals. These days
there seems to be enough information published to determine at what price a
particular stock would be worth risking my money.
I think one can compile a list of questions that expose a profile that
say, not at any price. I don't want high tech, companies without a ten year
record of success, nor companies in highly competive markets. Nor do I expect
to find companies very often that are acceptable to me. However I do have an
advantage over Mr. Buffet. I am strictly a small fry. To continue meeting
his goals he has to find an average of millions of dollars of worthy
investments every year. It will be years before I need an average of one tenth of one
percent of that.
Thank you for your questions, I feel I have received thousands of
dollars of advice for free.
Ron h.
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