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Post# of 37346
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bar1080

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bar1080

Re: jimr1717 post# 1440

Wednesday, 10/18/2017 12:23:54 PM

Wednesday, October 18, 2017 12:23:54 PM

Post# of 37346
He offers dreadful investing advice: "Put everything you own into the company you love! "

Diversified investing works much better, and is much safer. That's one of the many reasons index funds perform so well.

As for buying "distressed businesses," that's been terrible advice for those who like retailing stocks where turnarounds have been few. And averaging down is a recipe for disaster. Distressed retail stocks have no floor: Example: Radio Shack (and 50 others like it).

My guess is Sears will eventually go to zero but it may take quite some time.

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Because the Good Life is Just a Pump or Two Away

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