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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (108917)11/20/2001 3:44:53 PM
From: Uncle Frank  Read Replies (2) | Respond to of 152472
 
>> the rational approach you describe--agnostic, capitalizing on "imbalances", i.e., basically a trader--relies on the heretofore academically unsubstantiated position that traders can outperform the market.

You've jumped to an erroneous conclusion. I am by no means advocating trading. The type of imbalance I try to exploit is the market's tendency to discount all competitive advantages as short lived aberrations. The approach I have adopted is to identify enterprises with sustainable competitive advantages and invest in them for the long term. Imo, Qualcomm is a great example.

uf