October 19, 2009 –
I love this quote from Red (Morgan Freeman) in the movie 'The Shawshank Redemption' - "Geology is the study of pressure and time. That's all it takes really, pressure, and time. That and a big god-damned poster. Like I said, in prison a man will do anything to keep his mind occupied. It turns out Andy's favorite hobby was totin' his wall through the exercise yard, a handful at a time." It appears as though buying companies that are selling below their intrinsic value on a consistent basis (pressure) over the period of many years (time) follows Andy's model of breaking free with systematic yet dogged determination.
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September 30, 2008 –
I've been a 'YES' man in CAPS since I started using this service. I'm going to continue to be a 'YES' man; however, I'm now going to systematically buy stocks that have a high return on investment capital and a high earnings yield (i.e. the Greenblatt Method). My score was up and down with my previous picks. I'm going to put this bird on auto-pilot....a new stock will be 'purchased' every 2 weeks. I'll pick stocks off of Greenblatt's list, but I will make sure a few ratios' check out before I enter my pick. Once I'm up and running, I should have 26 active picks throughout the year, and after one year I should be 'buying' and 'selling' one pick every two weeks. Let's see if the returns warrant all of those 'would be' trading fees. Thanks to ZiggyDawg for the idea of buying every two weeks for the right amount of diversification and DCA effect. [more]
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