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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (201819)	7/30/2011 3:53:38 PM
From: Nos Da	1 Recommendation Read Replies (1) \| Respond to of 312982

I've heard of the title of that book but it's before my time. However it just made it into my Amazon basket. Sounds like an interesting concept. I agree that quality is ephemeral, but also relative. I still hold mostly venture stocks which to some may not represent quality? But the one's I do hold now are relatively much better quality than those I held before (larger cash positions, greater long term potential etc etc). The stock guru story is a wild one, wow, it's evidence of another stock market truism though, i.e. don't get married to a stock, which thinking about it is potentially a danger of owning only a few stocks. Something to bear in mind for myself. Totally agree with matching your personality to your approach, took me a while to realise that I'm not the worlds best trader and so I lean towards more of a 'speculative investor' type approach. I can remain relatively unemotional with that approach which is a key component of my personal strategy. As to your preference for 'action', each to their own as you inferred. But what does 'action' mean to you? Because as we've been discussing, 'core' means different things to different people and it seems 'quality' also does. 'Action' to me sounds like adrenaline, which I try to stay away from as it clouds my thinking. What's your definition?

To: Canuck Dave who wrote (201819)	7/30/2011 4:14:36 PM
From: kidl	Read Replies (1) \| Respond to of 312982

>>>Seems the moral of the that story is to be open to the notion that what you once thought to be worthwhile may indeed not be.<<< Haven't we all seen this scenario more times than we care to remember? It reminds me of an old German saying from my (long ago) culinary days: "It takes a long time to turn shit into butter but it only takes seconds to turn butter into shit." I can't imagine anyone really staying ion top of much more than 20 stocks. After that it becomes a lottery.

To: Canuck Dave who wrote (201819)	7/30/2011 5:16:11 PM
From: chip	Read Replies (1) \| Respond to of 312982

Didn't Then-President Clinton call EXDS something like a "national asset"?

To: Canuck Dave who wrote (201819)	7/30/2011 5:24:54 PM
From: Metacomet	Read Replies (1) \| Respond to of 312982

Seems the moral of the that story is to be open to the notion that what you once thought to be worthwhile may indeed not be. Good advice. I see you have been here for over a decade. Have you ever gone back and looked at your positions and opinions from years ago? Don't know about you, but I have totally changed my thinking and my investment focus. Started on SI as a snot nose technology player. Guess now I am an old snot nose precious metals player. And yup, what I once thought was worthwhile, I wouldn't touch with a 10 foot pole now.