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Strategies & Market Trends : Value Investing

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To: Dale Baker who wrote (14271)	4/5/2002 6:45:53 PM
From: Paul Senior	Read Replies (1) of 78751

Dale, in the same vein. It's funny how it's often a surprise to people that when they manage their parents' funds, how much better those accounts seem to do than the kids' management of their own funds. It's because the children respect the likely conservative wishes of their parents - maybe no short-selling or options trading for example. Also because the kids know they may have some 'splaining to do if a position goes wildly wrong - esp. if it's a large (concentrated) holding. And maybe because they (the kids) avoid dinky companies that nobody ever heard about or whose products can't be seen or understood -- because they (the kids)know that they might have to justify to their folks exactly why they spent their parents money on it. I wrote this up here a few years ago, and ever since, some of us mention stocks we are buying as suitable for a "Mom's account" -- one that a mother would understand and approve of. CWT, one of my recent picks, is one for example, imo. Paul Senior Apologies if I've offended parents "of a certain age" or anybody else by stereotyping them as conservative or risk averse. Also, sorry if I offended any mom who would be appalled at owning such a stock as CWT -g-.

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