To: Maurice Winn who wrote (112076 ) 2/3/2002 7:57:44 PM From: S100 Read Replies (1) | Respond to of 152472 Proctor and Gamble. One of the first "high priced" stocks I bought a decade or more ago at $80. Many splits later I sold but I still perk up when I hear the name. I occasionally listen to a popular stock show where the host has a "market timer" newsletter. I am not into "market timing" and marvel how he can take so many calls from people who would not recognize a "clue" if it landed in their soup. When P and G went from 120 to 60 in days, forget why, he and some callers were in a near panic, sky falling, etc. One P and G worker called and had most of his pension in P and G stock. Well, in five years it has gone from 60 to 120 to 80, not real good return but it has paid a dividend all the time as far as I know. Not exactly the end of the world unless you held the stock in a margin account opened with funds from your credit card.quote.yahoo.com BTW, one of my favorite financial writers is John Train, let me quote a snip from one of his books on stock selection. Snip 1. Superior research to develop products and markets 2. Lack of cutthroat competition 3. Comparative immunity from government regulation 4. Low total labor costs, but well-paid employees 5. At least a 10 percent return on invested capital, sustained high profit margins, and a superior growth of earnings per share To select such stocks, he said, the investor needs experience and judgment, and must take into account general social and political influences as well as economic ones. All this, I would judge, does indeed lie within the competence of a diligent, experienced nonprofessional. Snap I noted that Miles Davis, I think that was his name, of the eponymous firm that supplies very expensive stock market data to mutual funds was the special guest on Wall Street Week. There used to be 500 mutual funds and 5000 rotary rigs running, now numbers are reversed. Wonder if the mutual funds paying for this high priced data are the ones lagging the index funds? Good chance judging from the show.