harley
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I was reading the most recent Kiplinger's magazin today, and they had an article entitled Learn From The World's Great Investors. Learn from the World's Great Investors - Kiplinger.com
Buffett, Grantham, Gross and others gave mostly common sense, every day advice. However, Jim Rogers from Rogers Holdings had a different take.
It sounds to me like a sort of smart ass answer. But maybe not. However, my area of expertise was tech, specifically networking and security. I was pretty good, highly informed. I did make a couple of good investments in Cisco and Checkpoint, but I suspect I wouldn't have had any money to invest in them after making all the wrong calls I made. Sun, Adobe, Sybase, Symantec, etc, it goes on and on. I also think Mr. Rogers wouldn't have gotten as rich had he not had access to OPM.
What do y'all think?
Buffett, Grantham, Gross and others gave mostly common sense, every day advice. However, Jim Rogers from Rogers Holdings had a different take.
Diversification is garbage -- it's something brokers invented to avoid getting sued. You only need four or five good ideas in your life to get really rich if you avoid mistakes. And the one way to avoid mistakes is to stick with what you know, whether it's clothes or cars or commodities. Then, when you see a major development in your area of expertise, you'll know better than Wall Street when to buy or sell. Otherwise, you should put your money in the bank.
It sounds to me like a sort of smart ass answer. But maybe not. However, my area of expertise was tech, specifically networking and security. I was pretty good, highly informed. I did make a couple of good investments in Cisco and Checkpoint, but I suspect I wouldn't have had any money to invest in them after making all the wrong calls I made. Sun, Adobe, Sybase, Symantec, etc, it goes on and on. I also think Mr. Rogers wouldn't have gotten as rich had he not had access to OPM.
What do y'all think?