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To: Jeff Jordan who wrote (112592)7/13/2001 5:39:36 PM
From: Earlie  Read Replies (1) | Respond to of 436258
 
Jeff:

Good comments. Whatever makes money. (g)

I lost a great deal of money in my early days learning a few truly universal lessons.

- most companies that go public don't make it.
- debt is the toughest single item for most companies to handle properly. It eats most companies alive.
- increasing revenues excite investors, but there are a bunch of dumb ways to increase revenues and not increase profits. In the end, profits rule.
- heavy insider buying/selling is an almost infallible guide to what an investor ought to be doing.
- shorts do more and better homework than longs, but most shorts are usually too "early". A dying company has a host of tools that it can and will use to extend its survival.
- It is easier to hunt down the wounded than the strong. (g)

Best, Earlie