Our Approach Is Very Much Profiting From

I Don't Want To Hold Out False Hopes That The - By Some Magic Moment, That Things Will Turn Around In A Couple Months Because They Wouldn't, Charlie. I Mean, And It's A Big Mistake To Try And Mislead People.

As One Of My Older Friends Says, "nostalgia Just Isn't What It Used To Be." Let's Take A Stab At It, Anyway.

Investors, Of Course, Can, By Their Own Behavior Make Stock Ownership Highly Risky. And Many Do. Active Trading, Attempts To "time" Market Movements, Inadequate Diversification, The Payment Of High And Unnecessary Fees To Managers And Advisors, And The Use Of Borrowed Money Can Destroy The Decent Returns That A Life-long Owner Of Equities Would Otherwise Enjoy. Indeed, Borrowed Money Has No Place In The Investor's Tool Kit.

It Is To Our Advantage To Have Securities Do Nothing Price-wise For Months, Or Perhaps Years, While We Are Buying Them.

I've Often Felt There Might Be More To Be Gained By Studying Business Failures Than Business Successes.