The most excellent way to pick great stocks

[Qarel]

Quote from Vishnu:

What happened to your system since March, 2000. My guess is buying stocks at their 52 week highs hasn't worked out so well since then.

In 2001 MrMarket opened 41 positions. Some of those ran well into 2002, and the last 6 of those 41 were closed around the end of 2002. Those last 6 were all losers (average loss ~43%, my estimate). MrMarket closed the other 35 positions for a gain of 15% or better, but the 6 losers dragged down the average return of the 2001 positions to 7.5%. Hmm, not bad.

How did you do?

Regards,

Karel

 

[mrmarket]

Quote from Qarel:



In 2001 MrMarket opened 41 positions. Some of those ran well into 2002, and the last 6 of those 41 were closed around the end of 2002. Those last 6 were all losers (average loss ~43%, my estimate). MrMarket closed the other 35 positions for a gain of 15% or better, but the 6 losers dragged down the average return of the 2001 positions to 7.5%. Hmm, not bad.

How did you do?

Regards,

Karel

Hi Karel,

I remember you from all of your excellent quantitative analysis from the Motley Fool days. You are HUGE!

 

[hardrock375]

I did not know it was possible to use both "Motley Fool" and "excellent" in the same sentence.

 

[dbphoenix]

Quote from ronbgelf:

he'll go away.

Eventually, people will figure out that this has nothing to do with trading. Which doesn't mean that there won't be people who flock to it. Personally, I'm looking forward to an EBITDA thread. Or a Discounted Cash Flow thread. I'm especially looking forward to a discussion of value investing, and how long-term buy-and-hold is the only way to achieve real profits.

--Db

 

[mrmarket]

Quote from dbphoenix:



Eventually, people will figure out that this has nothing to do with trading. Which doesn't mean that there won't be people who flock to it. Personally, I'm looking forward to an EBITDA thread. Or a Discounted Cash Flow thread. I'm especially looking forward to a discussion of value investing, and how long-term buy-and-hold is the only way to achieve real profits.

--Db

At Wharton, they taught us how to evaluate companies. It is a helpful tool for those of us who are capable of understanding it. We read financial statements as easily as others may read Playboy.

 

[quickTRADER]

Quote from mrmarket:



At Wharton, they taught us how to evaluate companies. It is a helpful tool for those of us who are capable of understanding it. We read financial statements as easily as others may read Playboy.

you know u cant read shit with that nose sitting in your way !!

lol lol lol

 

[Qarel]

Quote from hardrock375:

I did not know it was possible to use both "Motley Fool" and "excellent" in the same sentence.

As long as the praise applies to me and not to the Fool, I don't see any problem.



Karel

 

[Wappers2]

MBA - "Minor Burger Attendant"

 

[Wappers2]

Quote from Wappers2:

MBA - "Minor Burger Attendant"

sorry - forgot the Wharton promotional literature!

 

[Girlpower]

Quote from dbphoenix:



I'm especially looking forward to a discussion of value investing, and how long-term buy-and-hold is the only way to achieve real profits.

--Db

hi Db,

I know value investing and trading are worlds apart, but I was hoping that it would lead that way too. Not that I'm much of a subscriber to that school of thought, but at least open minded enough to listen and find out...

Natalie