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

To: brian h who wrote (48631)	4/16/2004 5:14:56 PM
From: energyplay	Read Replies (1) \| Respond to of 74559

DD takes time and has opportunity costs - I could be watching South Park, driving along the coast, designing circuits, being frustrated fixing Microsoft Windows security flaws, working out at the gym while staring at cute women doing abdominal work and stretches.... Close stops (mental or orders) can make up for incomplete DD. Also diversity in investments. Evn Warren Buffet's record is not perfect, and they do extensive DD.

To: brian h who wrote (48631)	4/16/2004 7:51:39 PM
From: TobagoJack	Respond to of 74559

Hello bh, <<I want to be like an company insider while doing my "proper DD">> … On two occasions while on SI participation, I was a near-insider, and the episodes was uncharacteristically played differently than other episode. The experiences were fun, having the beast rise after I bought and die after I sold. The time horizons were different though, one over a year, and the other just a few days. It is not clear to me that the quality of the companies were any different. I would never fool myself by DD to think I am even remotely the equal of an insider. That would be dangerous. But you are right, if and when one can be an insider, hard work and patience pays well; and if one is a near-insider, then trust, obedience and nimbleness serve better. <<That is why you never invest all your money in one basket because you do not have enough information to finish you "proper DD". Or you simply do not want to do it.>> … Try both reasons, and the fact that it would be not wise to do so. <<Just remember those insiders are the ones who do their "proper DD" in the first place. That is why they spent all their energies and efforts to make things happen>> … Quaint notion. <<That is why they get the best returns when they succeed. I as a small investor want to join them as much as I can.>> … I may be able to give you chance to do so in the future. It is not all its cracked up to be and quite nerve-wrecking in fact. <<Could you tell me you gain more from holding NEM shares or more from dividends, call options and put options for all these years?>> … big round number guesses, 55% from price appreciation, almost nothing from dividends, 35% from puts, and 10% from calls. Chugs, Jay