Tuesday, October 2, 2007
Casting for Value:Where do Professional Investors Get Their Ideas?
Everyone’s goals, risk tolerance and timeframes are different, and individual portfolios should reflect this. People should be learning to fish, but instead they ask (and sometimes pay) others to throw fish at them. This is a good way to get smacked in the face with a fish, end up with a foul-smelling pile of carcasses, and learn absolutely nothing about where, when and how to catch fish on one’s own.
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