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

To: gladman who wrote (37)	9/11/2006 2:59:46 PM
From: bruwin	Respond to of 4080

Thanx gladman. Personally, I'm not one to be too concerned about "sector performance". I prefer to put the emphasis on the Quality of an individual stock. In my experience, if a company is "firing on all financial cylinders", producing above average profits and providing good value for its shareholders, then it tends to find favour with informed investors and will be sought after, irrespective of what's going on its sector. You will get occasional shorter term selling pressure, due to profit taking and possible lesser-informed investors selling due to "Analyst's Opinions and Reports" etc.. But in the medium to longer term, QUALITY companies have upward trending price moves, as long as their ongoing Financial Reports continue to reflect excellent fundamentals. I don't believe Mr. Buffett was ever too concerned about the opinions of others, or "Sector performance", when he made his decisions about what companies to buy into, and to hold onto. I'm sure there were times that the sectors, in which he held stocks, had their up's and down's. But that didn't often appear to "phase him". He had his own ideas about what Fundamental Criteria to concentrate on, and he purchased accordingly. He also sold when he believed that a company no longer met his own criteria. Not too many "Analysts" or "Market Commentators" can show a profit earning record equal to his.