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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Scott Mc who wrote (16008)	12/30/2002 12:12:51 PM
From: Marc Fortier	Respond to of 78658

The idea of a your portfolio seen as a team sounds good to me. Some players are good on offense (when the market is good), others on defense. Some are young players, experiencing strong growth, but they also can disappoint for their lack of depth... Others are what Peter Lynch called stalwarts (correct me if the spelling isn't good), slow growers, but experienced and dependable... There are also special situations: great prospects or experienced players going through tough times. Nobody wants them anymore, but you see value... They can turn around and be profitable again, as you know. The idea is to put all these players in your team. And if each one becomes valuable, you'll have a great machine, working on all cylinders... But, as you know, machines need to be fixed, parts replaced... Unfortunately, it's a never-ending job... You may have "core" positions, but others won't be held for long; they'll be removed once the prospects won't be as good... I don't know the size of your portfolio, but IMO you'd probably have very good diversification holding no more than 40 to 50 stocks (let's say a "football" team). As I wrote before, I don't hold that many stocks, but I can see it as a possibility if I had a portfolio of at least $200,000 in value.