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Tuesday, 07/25/2006 8:04:09 PM

Tuesday, July 25, 2006 8:04:09 PM

Post# of 30387
kag: 10k, charts, p.r, etc are REQUIRED READING by everyone who owns the stock. However, they are not enough -- that is my point. If you are relying only on the public info, you are an armchair investor. Go speak to any fund manager, or read Buffet, Lynch, and the other greats. Armchair investing will not cut it. You can rationalize this point until you're blue in the face and it won't change the simple fact that smart money gets in front of management for the extra edge. That is a universal tenet of institutional investors with a long-term investment timeframe.

I know the filings, PR's, etc backwards and forwards for every investment I make. But that is not enough. There is no edge there. Don't confuse blind trust in management with the importance of building a relationship to extract verbal and physical "clues" and "cues" and other information you will not find sitting on your computer doing due diligence.

You're too young to be this arrogant...I've seen it before with schoolteachers like you...bad habit. Don't be afraid to learn something once in a while.

If you are not good with people, that is another issue...but don't rationalize away the importance of getting in front of management as some young investor on this board might actually use that as an excuse to cheat himself out of one of the most important aspects of investing.





DISCLAIMER: NEVER ASSUME INFO ON MESSAGE BOARDS TO BE ACCURATE. ALWAYS DO YOUR OWN DUE DILIGENCE. DON'T BUY STOCK BASED ON THIS POST OR ANY OTHER POST. I OWN A LONG POSITION IN THIS STOCK AND THEREFORE I AM BIASED.

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