Wednesday, March 02, 2005 5:57:29 PM
alalud .. By your logic institutional investors should listen to every analyst that knocked on their door, e-mailed them, phoned them and/or sent them a research report just because they were "trying to add value." That would be a highly inefficient way to do DD and no institution would stay in business for long if that is how they went about their investment decision making process.
The most successful money managers quickly make a judgment on which analysts add value and which ones don't. They don't spend one minute of their valuable time with the ones that don't meet their particular standards.
I see no reason why readers of this Board should not do exactly the same with regards to their own DD. We all have, or should have by now, a personal view of who the best legal, accounting, technical, market, management, etc. "experts" are on this board. Why would you waste your valuable time reading the posts of any other than your personal favorites? If Corp falls into that category for you that's fine. But if you are reading him just because he posts here and that you might learn something by reading his every post on the "even a blind squirrel finds a nut once in awhile" theory I would suggest that there are far better approaches to improving your investment returns.
Regards,
Danny
The most successful money managers quickly make a judgment on which analysts add value and which ones don't. They don't spend one minute of their valuable time with the ones that don't meet their particular standards.
I see no reason why readers of this Board should not do exactly the same with regards to their own DD. We all have, or should have by now, a personal view of who the best legal, accounting, technical, market, management, etc. "experts" are on this board. Why would you waste your valuable time reading the posts of any other than your personal favorites? If Corp falls into that category for you that's fine. But if you are reading him just because he posts here and that you might learn something by reading his every post on the "even a blind squirrel finds a nut once in awhile" theory I would suggest that there are far better approaches to improving your investment returns.
Regards,
Danny
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