Paul's strategy is completely beyond my skills. I won't buy stock in a company unless I believe that I can develop or have a great deal of expertise in the situation. Otherwise, I can't know whether I should be buying, selling, or doing nothing at any point in time. The most I can manage is 10+ stocks owned, and maybe a similar number I know enough about to keep a close eye on for a buying opportunity.
For example, I probably now know as much about FARO, which I recommended here at $2+, as anyone in the country, outside of management. For me, anyway, it took this kind of knowledge to still be holding most of my position, and to have a view of the long term for the company that supports that action.
Note, however, that I deal exclusively in microcap stocks, which is different than identifying historically cheap. out of favor, large cap stocks, like a MRK. |
