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

To: Bob Rudd who wrote (7343)	5/27/1999 11:25:00 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78625

Bob, Ha! Even if we both assumed I knew what I was talking about (a big assumption for both of us -g-), I doubt I could show you or anybody else what they were missing (even though I keep thinking I can -g-). I don't think I can articulate it well enough, and I don't think it can be seen by anyone to whom I direct my comments. May be one of those things that each of us has to come to realize on our own. General comment- not directed to you--- follows: It's that I find that what works, works. Don't go mucking it up by thinking and by putting assumptions to it. If it's a value stock, and you are looking for a value stock-- buy it. Buy it as part of a diversified portfolio. Don't go anticipating market downdrafts, interest rate hikes. Regardless if it's a fourth ranked company in its sector, if it's a value stock, buy it if the buying is good. Don't go assuming the market leader(s) will absolutely crush it. Don't make assumptions that we're in a new bull market, that internet which gives information, also gives wisdom. Don't be quick to assume new technology will kill businesses (like e-tail will smash bricks and mortar businesses). It always takes longer, if it will happen, than anyone thinks. Don't assume that a 60 or 80 year history of stocks is a long enough history. Keep some powder dry. Work to achieve your financial goals, not to beat everyone else or to beat the market. Let time and compounding work for you. Be diversified. In stocks, real estate. Think you are wealthy and act that way (have patience of a businessman, know it's a business, there will be good times and bad times). Do what the wise people who have gone before say to do. Do only that. ah well, FWIW. Paul