Message:

<p>[QUOTE=&quot;Cloudsweeper99, post: 1359965, member: 3011&quot;](1) It just isn&#039;t that difficult if you stick to value investing principles.</p><p>(2) I agree. Do it yourself is better. Nobody will care about your money more than you do.</p><p>(3) I agree. That&#039;s why selectivity is important and index funds don&#039;t work.</p><p>(4) I agree. Stay away from what is popular at the moment. It is almost surely overpriced.</p><p>(5) I agree. Diversification is a poor substitute for knowledge.</p><p>(6) I agree. And the same is true for gold and silver which can go very long periods of time [think 1980-2000] with zero or worse returns.</p><p>(7) Value investing &quot;always&quot; works if your time frame is 4-7 years and your use of the method is correct. Warren Buffett gave an excellent talk on this at Columbia University that is available on the internet. Everyone should read it.&nbsp; <a href="http://www.tilsonfunds.com/superinvestors.pdf" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.tilsonfunds.com/superinvestors.pdf" rel="nofollow">http://www.tilsonfunds.com/superinvestors.pdf</a></p><p>(8) Ben Graham covers this in one chapter of &quot;The Intelligent Investor.&quot;&nbsp; Nobody has ever done a better job of explaining it, in my opinion.</p><p>(9)&nbsp; I would say, read the Intelligent Investor and just start investing.&nbsp; The best way to learn how to invest is to invest.&nbsp; Yes, you will make mistakes, but if you follow the principles of value investing, you will rarely be seriously hurt.</p><p><br /></p><p>Smitty, you did a good job hitting all of the important things to think about.&nbsp; We just differ a bit on conclusions.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in