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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (13368)	1/12/2002 7:45:40 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello AC Flyer, just for fun but not yanking chain ... <<1. Don't trade. Traders all lose in the long run>> Yup. <<2. Don't try to get rich quick, try to get rich slow.>> Yup. <<3. Shoot for returns that are "enough" rather than "as much as possible.">> Yup. <<4. The ONLY way to achieve consistent positive returns is to buy stocks of companies with strong franchises, solid balance sheets (little or no debt) and good cash flow that are trading at a discount to their intrinsic value.>> Yup. <<5. I'm too lazy to do the fundamental analysis that is required to make>> Same, so I only do so on a few names, punt the rest on some basis, for a short time, when markets friendly. <<6. Spend more time at Morningstar than at SI.>> I spent time there, not more or less these days. <<7. Recognize that money is only a tool. Life is short.>> Absolutely agree. <<Some will sneer at all the above and will have the trading results to prove it>> No sneering, only agreement, but am lucky at few critical times, so far always at the turns, and have the SI track record to prove it. The only matter we disagree on, that you threatened to put BF in SI jail and worse for, is the direction of the market, with you having placed 100% bet on equity funds managed by the jungle animals you do not care for, and I following the rules of prudence and diversification. Am I right? Chugs, Jay