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Strategies & Market Trends : Value Investing

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To: Shane M who wrote (52553)10/21/2013 3:18:34 AM
From: Elroy  Read Replies (1) of 78774
 
I guess basically on some calls I get the feeling I trust the mgmt, and on other calls something just doesn't feel right.

I find reading Seeking Alpha transcripts of calls is more valuable than listening to them. You read exactly what was said, and the presentation style isn't important. I used to often see management presentations at stock conferences and such things, but what I learnt is that a slick presentation from a confident manager can give you a good feeling which isn't justified. In other words, if the presenter is a good salesperson, I would probably like the stock more than I should.

I prefer to take the need to judge management's character our of the investment decision as much as possible - I'm no super duper judge of characters and fraudsters, so why would I think I can tell who's sincere and who's a big fat liar?
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