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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: Gemlaoshi who wrote (13171)	10/14/2000 8:44:41 AM
From: OldAIMGuy	Respond to of 18928

Hi Dave, Thanks for the help. Best regards, Tom PS: Glad you're enjoying Dreman as much as I am. Great year for reading his stuff, isn't it??

To: Gemlaoshi who wrote (13171)	10/14/2000 1:15:26 PM
From: LemonHead	Respond to of 18928

Hi Dave, Okay, I just ordered the Books. I'm looking forward to getting into "Security Analysis". You and the others that have read these books had better brush up for the forthcoming questions. :^0) Keith@LaissezFaireBooks.com lewrockwell.com

To: Gemlaoshi who wrote (13171)	10/14/2000 1:17:29 PM
From: Condo	Respond to of 18928

Dave - Thanks very much for taking the time to post such a detailed response on a complicated subject. I dug out and skimmed The Intelligent Investor (Graham) last night but suspect I would have to tackle Security Analysis to get a useful understanding of all the different valuation variations, especially with regard to tech stocks. A daunting task and I respect the heck out of guys like Phil Fisher but I think I'll punt for now. I have, however - per your reminder - just ordered the David Dreman book (via the AIM Users website) and really look forward to reading it. I'm still shrugging off ingrained trend-trading tendencies and it should be a big help. And thanks for your encouragement. - ej

To: Gemlaoshi who wrote (13171)	1/2/2001 1:10:21 AM
From: LemonHead	Read Replies (2) \| Respond to of 18928

Hi Dave, Benjamin Graham's classic, "Security Analysis" It will take me a decade to read and understand 616 pages. <g> Thanks for the assignment!!! [snip] But a rigid observance of old-time canons of common-stock investment would have dictated the sale of one’s holdings at a substantial profit very early in the upswing and a heroic abstinence from further participation in the market until at some point after the 1929 (or 2000) collapse when prices were again attractive in relation to earnings and other analytical factors. No doubt this would have resulted in making repurchases too soon—as matters turned out—with consequent paper or actual losses. [snip] But here again we must recognize that the psychology of the speculator militates strongly against his success. For, by relation of cause and effect, he is most optimistic when prices are highest and most despondent when they are at the bottom. Hence, in the nature of things, only the exceptional speculator can prove consistently successful, and no one has a logical right to believe that he will succeed where most of his companions must fail. For this reason, training in speculation, however intelligent and thorough, is likely to prove a misfortune to the individual, since it may lead him into market activities which, starting in most cases with small successes, almost in variably end up in major disaster. Keith@book_report.org PS - Just crossed page 50...