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Friday, October 16, 2009 11:59:34 AM
I wouldn't put much stock in someone's net worth as an indicator of their business, investment or management talent. It all depends on how they got the money. Right now I'm reading "Conspiracy of Fools" (the story of the Enron collapse). It's a great lesson about greed and incompetence at the highest levels of the American financial world. I'd also highly recommend "The Millionaire Next Door" if becoming a millionaire is one of your goals.
There is potential with BEHL but don't go "all in" on it (that would be true for anything on the pinks). If you score big you are in danger of underestimating the risks that come with all stocks in this group in your decision making process. If you lose you lose it all. And, in this category the odds are with losing. I know many people here don't want to hear that. A lot of them are sitting on shares they bought at a sub-penny and feeling pretty smart. In truth, you are like the guy who flips heads 5 times in a row - very very lucky this time around (or, had access to inside information).
Give us this day our daily bread... and lead us not into temptation (ie don't be a greedy fool)...
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