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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (1399)6/21/1997 12:53:00 PM
From: Paul Weiss   of 78883
 
JC-- Can I call ya Jim? I agree with your last post, absolutely. Peter Lynch argued that one should invest in companies that pull a consistant 15% ROE. Better than that, and every PhD in the world borrows a few bucks and enters that market... chasing down profit margins with increased competition... until the market collapses. DRAM, strip malls, PC's, trucking, and on and on. Barriers to entry? Aha! A critical component in successful investing, me thinks? And, if I may be so bold... where do you perceive opportunity? Industries or individual companies, what catches your fancy? Regards, Paul... and back to my lurking mode * --- poof --- *
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