Demand Worries Smac...
Open Question
Has due dilligence become obsolete for the amateur investor? And is piggybacking
a superior strategy?
For example, why not just pick a stock I like (say Ottertail, OTTR) and then
verify that it is held by well-regarded professional managers. In the case of
OTTR, Cascade Management. Assuming Bill Gates doesn't employ slouches, can I not
just assume OTTR is a good buy?
I believe Tweedy Browne once did this with WFC. They were interested in the
stock but upon learning that Buffett was buying shares, they cut short their
analysis and just bought.
Any thoughts on this? Regards, TD
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Piggybacking superior? haha.
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i just hate telling myself.....i wish i had bought more...when it was
cheaper.......happy hunting ;>)
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eddie lampert bought C @ $50
nuff said
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I agree with Mike completely.
The simple fact is that this year even our beloved Mr. Buffet's earnings were
down over 70& and most mutual fund or money people are down 30% - 70%.
The handful that shorted the market all year are sitting pretty and not telling
in real time what they're thinking.
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dd is tough to do when fundamentals still can't be believed. just go to the ta
side untill the economy straightens out. mike
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