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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (25516)	8/30/2001 6:03:42 PM
From: The Philosopher	Read Replies (1) \| Respond to of 82486

I myself am an adherent of the Random Walk Theory, For me, there are too many studies showing that a disciplined approach to investing focusing on long term investing and not on trading can beat the market consistently. The problem is that people abandon their discipline when things turn either way -- either they get euphoric and buy Amazon when it's absurd to by any rational measure, or they get depressed when their stock drops from 13 to 8 and dump it when the rational measures tell them it's still a good investment. I have had to work VERY hard on myself to stick with the NAIC philosophy and tools through thick and thin. I spent about three years studying a wide range of approaches and tools, from the Foolish Four and all the spin-offs to Value Line to . . well, lots of them. And NAIC is the one I settled on. Not necessarily the best. But if you are religious about it and are willing to do the work it requires (a lot less with computer tools than it was fifteen years ago!) I have found it is a steady, solid way to reliably beat the market. But I still get tempted from time to time by a hot stock, or a good story. It takes a lot to resist and force myself to do the SSG and the PERT and read the annual report and the 10-K and do all that. But I can tell you, it works.