Paul:
Along with all the dancing babe pics on TV last night was
an interview with Peter Lynch the Guru of Magellan fund fame.
Am sure he has several books 'out' as I own one,and am in
agreement with his ideas as follows..
Look for company that can have years of success
Stick with a winner until fundamentals change . It will be
affected by market tankage but it will come back.
(many of us are trying to do that)
There will be no major depression in the US.
Do not try to time the market, if the stock is wanted then buy it.
(buy Dell anytime, any price)
A person has only several big winners in 10 or 20 years,
In his case he mentioned C ( when beat down), F , Walmart
and the mfgr. of Leggs.
Do not stick with only one sector, scan the field for
opportunities, Of companies studied, only 1 of 10 might be worth a close look, but check out everything you can about it.
Avoid companies with high hype and no income yet and those with high debt load.
( I avoided KO and CCE and TXN for debt reasons,
thought TXN had changed by selling divisions but that was
a mistake)
There can be good opportunities in beat-down stocks.
He is not adament about diversification, more concentrate on
winners.
Perhaps 3 or 4 of 10 selections will be losers, so
don't worry too much about them.
( this is my intrepretation of his somewhat general
statements, and he is long-term type instead of a trader
type of investor)
FWIW
Sig |
