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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Dr. Id who wrote (51962)7/10/2002 11:37:59 AM
From: Mike Buckley  Read Replies (1) of 54805
 
Id,

One illusion created in the last few years ... was that the information provided by the internet had levelled the playing field for the small investor.

I didn't realize that that was a widely held illusion. For me, the Internet didn't do anything to level the playing field. Instead, it allowed relatively easy access to information on a timely basis that simply wasn't possible prior to usage of the Internet. Some people might think that access to information is in itself a form of levelling the playing field, but I don't. It's how we use the information that levels the field, not having the information.

How does the small investor have faith in a game that has (and will continue to be) rigged?

Anytime there's enough money and power at stake, there is always the potential for rigging. Investors who understandably don't want to take the time to exercise the necessary precaution or take that risk should consider investing in an S&P 500 index fund.

How do we trust the information that we're getting to be able to invest with any confidence?

Do you pour through SEC filings? If so, let's continue this discussion. If not, it's irrelevant in my mind to wonder about the credibility of the filings if we don't study them and base conclusions on the information they contain. And if we don't do that, we shouldn't be investing in common stocks in the first place.

--Mike Buckley
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