Hi George,
I couldn't help laughing when I read your posts, if I didn't know better, I'd swear you were my loud-mouth cousin Harold. Anyway, If you were as stock-smart as you would have us believe, you would not be so arrogant towards experience. If you have only been investing since the early 90's, so what, that was no test of skill, I have consistently made over 100% annual return since then. Secondly, I have read everything Peter Lynch has written, he provides a good investment philosophy, but does not go in depth in technical issues, (i.e. pe ratio's, pe indexing, earnings ratio averaging, etc.)
How do you know the market is not overvalued, have you and your assistants done research, or do you re-hash what you hear on CNBC?
The reason people are nervous about the market is because they have been in it through the ups and downs, not just a few years in the "Golden 90's". Take it from an old timer of 28, you should be listening to the "old timers" who have made their fortune, not telling them how you will make yours.
P.s. Even Peter Lynch admitted that often times, he was surprised at what his stock and the market did. The only thing any of us can hope for is to find undervalued companies. |
