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

To: schzammm who wrote (20388)	12/31/2004 6:40:31 PM
From: Spekulatius	Respond to of 78595

Schzamm and Madharry - when i bought ibn RANGY was aware that management was not considered the most capable but i was not aware that Kebble may be a thug. There are issues and issues - i can live with a certain lack of capability but as an investor i stay away fro dishonesty. With respect to RANGY, I was not that the most valuable asset, RANGY's stake in Randgold was pledged almost in an under the table transaction, for assets that are impossible to value. That together with a fact that Kebble is accused of plundering DRD (another gold company he has been involved in) for 35M Rand does it to me. Sounds too much like "The Godfathers" to me and Kebbles portrait fit's right in. I lost a good chunk of money in 2002 and swore to my self that quality paramounts valuation for my own investments going forward. FWIW I am ahead around 18% this year, far more than I expected. i could have done better, if I had not allocated a good chunk of my portfolio to large caps that have not done much - but on the other hand i avoided major losses as well. Again thanks for all the post and a happy and prosperous new year for all.