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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?

To: porcupine --''''> who wrote (56)	3/10/1998 10:40:00 PM
From: porcupine --''''>	Read Replies (1) \| Respond to of 1722

> WHY DO PEOPLE WANT TO UNSUBSCRIBE? [to free GADR Updates] The percentage is very small, and I haven't gotten much explicit feedback. I suspect that many subscribed on an impulse. After awhile, they realize GADR is not very exciting in its approach. Newsletters that speculate on the "next" Iomega, AOL, Yahoo, Presstek, etc., are much more exciting. Why bother with the fact that the 4 combined have hardly netted a penny of cash earnings in their existence? I find those companies as boring and irrelevant to investing as the Wheel of Fortune tv show. On the other hand, I feel a palpable thrill in my spine just thinking about the billions and billions in cash pouring into the coffers of, say, GM or IBM. But, even my close Value Investing colleagues pooh-pooh these stocks. They just don't feel the same skip in their heart that I feel at the thought of bankruptcy-proof blue chips that have grown so big that they can find little to do with the vast sums of cash they generate other than to return it to their shareholders in the form of dividends and/or share buybacks. And, I think that most readers expect newsletters to provide a lot more free stock picks than GADR does. Buffett could never understand why Graham would just give away his best investment ideas to anyone who asked. Buffett won't do it, and neither will I. But, some of my colleagues will, and their picks are now up on the GADR site at: web.idirect.com Personally, my only free picks are the Dow Value Portfolio. It returned 26.2% in 1997 (according to the WSJ's final tally of individual Dow components on 2/26/98). I doubt that 3 in 100 investors earned that in 1997. Maybe they're the ones that are unsubscribing <g>. --- Reynolds Russell web.idirect.com "There are no sure and easy paths to riches in Wall Street or anywhere else." (Benjamin Graham)