So, the opportunities are out there for those of you brave enough to dip your toes in uncharted waters,
It is interesting that Buffett took so much from Phil Fisher, yet did not take this from him. Phil Fisher made his fortunes in companies like TI's IPO, Motorola's PO's. He was correct in picking the biggest movers of the future, and sticking with them. Buffett took the "sticking with them" part, but did it with companies that were already very stable and consistent, a la Graham's early criteria.
I believe Phil Fisher was not as successful as Buffett, but am not
positive due to lack of knowledge of Fisher's actual record.
<OT> Let's see reviewing my stocks for potential net-falls
Case - probably not, Deswell - probably not, BHP - probably not,
Tidewater - probably not, Noble Drilling - probably not, Midway -
yes, but will likely help not hurt, Finish Line - yes, but likely
won't get caught behind, USEC - probably not, WHX - probably not,
LaSalle Hotels - probably not, Loew's - probably, Timberland -
probably not, or will help, General Cigar - would only help, Elamex - don't know but probably not, Transocean Offshore - probably not,
short Amazon.com - not relevant to the trade
So my value-oriented portfolio doesn't look particularly vulnerable,
unless I'm missing something. But then, not a one is a Buffett-like company now.
Mike |
