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Pastimes : Ask John Galt...

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To: Krowbar who wrote (726)	11/1/1996 11:15:00 AM
From: John Galt	of 4006

<<How did you accomplish the feat? I will be you servant and bring you dancing girls if you will let me copy you.>> Delbert, since you asked. John Galt will tell you first what he does not do. John Galt is not a sophisticated trader. He does not quibble over minutae. He does not try to predict the future trends of the market or the success of any particular company. John Galt does not gamble. He does not place his money on dreams, faith, hope, etc... What John Galt does do is use COMMON SENSE. He defines what the market is doing NOW. He buys only stocks with current near-term optimism. He does not play options nor does he short stocks. John Galt is also PATIENT. Opportunities will come and go. But you cannot see opportunity unless you are already prepared. John Galt is always accumulating information as they relate to the market and to individual stocks. John Galt has BIG BALLS! When opportunity does reveal itself, then you must LOAD UP!! John Galt is not shy about this. Note I said opportunity REVEALS ITSELF. Do not see opportunity where opportunity does not exist. This requires an enormous amount of self discipline. John Galt is NOT GREEDY. He SELLS his stock after its' expected runnup and TAKES HIS PROFIT. He does not care what the stock will do afterwards unless another opportunity reveals itself there. Hence, the 2000% plus performance. Do you know of anyone that has done better? Is this considered an acceptable performance for one's first year?

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