Hi Tom, I know I keep hammering at this but I think you've hit the nail on the head.
If we're going to buy good companies with great futures,
I think that is the initial trick that makes or breaks us. I have one extensive watch list that I am tracking. I've tried to be very objective with this list and it has been brought to my attention that I can not come to any conclusions after six months. But on the other side, I can't wait 3 years to decide if I've picked the right investment for the next 10 years. I'm guessing that you and Bernie have swept many items under the carpet in the last 20 years, us newbies are trying our best to capitalize on those experiences. We are here with the same goals and the same reasons, arriving at a latter date. I just can't emphasize your words enough.
If we're going to buy good companies with great futures,
You can not grow luscious tomatoes in unfertile ground, and to be the best farmer you have to deal with the volatility of the weather. You can only master this after years of experience.
Where am I going? My point is your point. Good companies with Great Profitable Futures. Somehow at some point we have to convince our selves that we have the ability to pick the best of the litter also. I think I'm close, not there but close. Then I too aspire to be an AIMer and when Bernie turns off the Sunday Ball game to update his AIM charts, I'm right behind him.
Nothing has stuck more in my mind than the following two statements. You sometimes don't even check the Market, and it only takes 30 minutes a week to update Newport. That is one excellent management accomplishment.
Now there are Three of us on the Soap box, maybe we could start a band. Lets see we need a name, call us The Fools in the Pool, Three in a Tree, Nuts on the Water, what ever. But one more and we got to move to a platform on the back of a truck, Four makes a circus<ggg>.
Keith |
