VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (9199)	10/21/2000 7:53:22 PM
From: mtnlady	Read Replies (5) of 65232

On the subject of FAITH. Tom I agree 100% that FAITH in the companies you pick is imperative to successful long term investing. And that FAITH needs to be well founded. You have FAITH in a stock when you know the company inside and out AND you know the MARKET and their COMPETITION and the stocks trading pattern very, VERY well. The ONLY time I've ever made money, serious money, in a stock that I knew little about at the time was NTAP. That is rare. Why is FAITH so important? Simple.. when the market drags your stock down you need to have the patience to wait it out. Without FAITH you have no PATIENCE. I can also say that this is a really good time to plug the gorilla and king methodology of investing. Why? Simple. To assure yourself that you have latched on to a bonafide G or K company you would have needed to do the research. That research brought FAITH. And that FAITH was well founded because of the unique characteristics of the company and market it controls. In short.. I only invest (now) in 4-5 stocks max. Every single stinkin' time I go beyond my self imposed limits I end up getting nervous and selling at the wrong time. I highly recommend that folks DON'T hop scotch around buying whatever somebody else recommends until you are SURE (i.e. FAITH!) in the company and the market you have invested in. If you can't do the necessary research then it is time to invest with a mutual fund of some sort. Just my 2 cents worth... And another reminder to myself when I get a few extra bucks in my pocket to not get all excited about the 'next great thing' but to stick with what I know best. If I am really excited about that 'next great thing' then I can buy a small amount (i.e. so it's less than 1% of my portfolio!) and do a lot of research to give myself the faith in the company.

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