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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (3621)	8/23/2002 11:54:10 AM
From: The Philosopher	Read Replies (1) \| Respond to of 12465

When was the last time you saw someone buying shares in a hot new car company, a railroad, steel, aircraft or food/tobacco company? I'm rather glad that the "smart" money doesn't run to these companies. Lets me make comfortable profits from them with minimal risk. About 70% of the people buying stocks have no business buying stocks, because they refuse to take the time and effort to figure out the fair value of a company. Maybe that should be 90%. People who are willing to take the time to analyze companies, and who aren't out to make a quick killing but who are satisfied with steady, solid growth, are very difficult to fleece. Enron managed it, but it's not easy.