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iamnik77 (95.57)

Generating Solid Investing Ideas

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May 12, 2009 – Comments (2)

Occassionally, I feel very strongly about a particular stock and am willing to bet my hard earned money on it. But these strong feelings are the exception rather than the norm. Most stocks cause a sinking feeling in my stomach as I envision a rotten management that will squander my hard earned capital. I seem to be able to find a couple of bright spots in the market every month or two. Something I have noticed, however, is some Fools who play CAPS seem to be able to generate ten  or more solid ideas a month with astounding accuracy and performance on their picks. For those of you who have demonstrated this ability, how much effort are you putting into getting your investment ideas?

2 Comments – Post Your Own

#1) On May 12, 2009 at 3:29 PM, economics102 (32.72) wrote:

I use Fool as a watchlist, puting down good companies I wouldn't mind owning, when I see one or two of them go down I look into it, and try to see where I went wrong, and what seperated them from the winners. I then take that information and use it to see if the company is a bargain or just the start of a downward trend. Anyway, I spend about a two hours a day in the market, year to date return is only slightly above Market with 8.4% return. I strongly disbeilieve in putting my eggs in numerous baskets, I would rather put them in the basket I believe will give me the most short and long term return.

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#2) On May 12, 2009 at 3:46 PM, portefeuille (99.60) wrote:

This is from an article on Hugh Hendry:

 

The investment style for the main Eclectica fund is broad — any asset category goes — and the approach unconventional. Mr Hendry never looks at brokers’ research, never meets company managements and is deeply sceptical of daily news flow. The style seems contradictory at times. He believes in not following the herd, yet he has an enormous respect for the market. The Eclectica website proclaims: “The market has infinite wisdom; it is divine.”

“I’m a Joan of Arc-type manager; I hear voices in my head,” he says when I ask how he picks his investments. In the course of a two-hour interview he twice more refers to voices in his head. One moment he appears egocentric: “I want to be known as the man who bankrupted Iceland,” he says of his current short positions in the krona, likening himself to his hero George Soros, whose bets helped to force the pound out of the exchange-rate mechanism on Black Wednesday. The next, he is self-deprecating, saying that he has no friends and doubts about his abilities. “No one wants to work with me. I’m a trouble-maker. I’m a bit of a circus freak.”

 

 

I agree ...

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