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


To: Steve168 who wrote (16741)4/3/2003 12:59:10 PM
From: 249443  Read Replies (1) | Respond to of 78523
 
Value Line/Niedenhoffer

Good morning Steve168,

Reading Victor Niedenhoffer's new book, Practical Speculation, provided some terrific insight into Value Line's "1-timeliness" success -- in reality vs. the Value Line's mutual fund offerings. (Victor was the hedge fund manager of the year in '96 and went bellyup in '97 -- but Victor, as he always does, provides statistical evidence to support his views.)

I don't follow the newsletter you mentioned. I follow a few newsletters for ideas mostly. I am of the view that most newsletters would not charge $500 - $1000 a year if there stock selection ability was that great. But for providing ideas, I love reading newsletters. I recently read of a $100 million cap company that I am buying a couple of hundred shares a day -- because the volume is so low. Ideas like this aren't spouted on CNBC.

I should add that I do follow institutional newsletters that provide insight on specific industries that I am, admittedly, incompetent in understanding on my own: i.e., biotechnology.