- Before
I subscribe, I was just wondering, on average how often do you make
recommendations, weekly, daily, Just a rough idea? Brett in Burbank,
California
- How
do you pick your stocks, and do you ever pick foreign companies?
Andre D. Johannesburg, S. Africa
- Do
you do anything else aside from this service?
Helmut S., Frankfurt, Germany
-
I’m
not a big investor. How much money do you need to work with your ideas?
Li Q., San Francisco
- I’ve
been following your stuff a while. You are seldom wrong, how can this be?
Joy D., Buenos Aires, Argentina
- All
the mutual funds publish statistics about how well they do, where’s your
statistics? Herbert S., Los
Angeles, California
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Before
I subscribe, I was just wondering, on average how often do you make
recommendations, weekly, daily, Just a rough idea? Brett in Burbank, California
It truly does vary. Right now I'm getting ready to recommend four
"stocks at bottom". I'll release them all within seven days.
It may be a week or two or three until the next, or it could be the
next day.
This is what you must understand. To be truly successful in the
market, you must not always be committed with your hard-earned money.
You must be respectful of your money, it is too easily lost. This
means there are times when you should be on the sidelines watching,
waiting. Warren Buffet says it best. He talks about how, when people
are born, they should be given a ticket with maybe ten parts to it.
This means you can only make ten investments in your life. You would
be mighty careful each time you stamped that ticket.
He also says, "Only in investments can you be like the ball
player standing at the plate waiting for the perfect pitch (the
perfect stock) to come down towards the plate." Think about it,
most investors want to swing at every pitch that comes across that
plate. In baseball you would be out of the game with an approach like
that. In the stock market, you're out of the game too.
Brett, if you study our ideas carefully, and do your own due diligence
so the idea becomes your own, you should do very well in the market
over time. Remember, I don't care how much
money you start out with, I'm teaching you the art and discipline of
investing. Eventually you might be able to do what I do, but you
cannot do it as well unless you're willing to put in the decades of
experience I have. But Brett, if you have youth on your side, with the
magic of compounding, you'll outlast me,and maybe, just maybe you'll
beat me!
TRY US.
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How
do you pick your stocks, and do you ever pick foreign companies?
Andre D. Johannesburg, S. Africa
| I have a formal background in security analysis. This also includes
academic training in this art. I have studied in depth such subjects
as securities analysis, global investing, investment portfolio
decision making, intermarket analysis and investment strategies,
quantitative portfolio selections, options market and trading
strategies; applied technical analysis (which I don't believe in);
structured finance, project finance, leasing, asset based lending,
financial futures and options in risk management, pricing swaps and
exotic derivatives; workouts, bankruptcies, reorganizations, foreign
exchange trading, and privatization and economic reform.
By the way, take everything I just said and throw it out the window.
My best stock picking tool is my nose for stocks, I can smell them. In
the end you must be able to also feel that the situation is right.
This is not hope, it's putting the full force of my intuitive
knowledge and experience to work. I see very little that surprises me.
I have lived the cycles. The ideas we like, just keep recycling
themselves over and over again. The names of the stocks change, the
plays are the same.
Yes, we've worked with quite a few foreign ideas through the years.
Jaguar and Laura Ashly were big winners. When Mexico went bad we were
all over Mexico. Our associates spent a lot of time looking at
this country in depth after SAB did the financial homework. For those
that invested in Mexico during this crisis, the returns were
extraordinary. It turned out to be a once in a decade opportunity.
Keep in mind, the professional investor will sit there with a bushel
basket when the stocks of great companies are being thrown away.
Remember, when and if the end of the world comes, no
one, and I mean no one, will have predicted it. But afterwards a whole
bunch of people will take credit for having predicted it. When Asia
collapsed a while back, we were all over Korea and Singapore.
You will never see StocksAtBottom.com give you
ideas that involve very cheap stocks. By cheap we mean companies
selling at $1.00 per share, or $ 2.00 per share. The only exception is
if the company has hundreds of millions of dollars in sales, and the
stock has been decimated down to absurd levels. There are other
services that recommend penny stocks. SAB has no interest in such
companies. We want to look at big famous companies that have liquidity
in their stocks. This means institutions can go in and out at will.
The vast majority of the ideas we like are too big for any individual,
group, or mutual fund to influence by their specific buying.
Good luck.
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Do
you do anything else aside from this service?
Helmut S., Frankfurt, Germany
| What is your fantasy about what it is I do? First of all, I raise a
family, which is the center of my life. Second, I am constantly in a
classroom somewhere on this planet. I believe I spend more time in
classrooms, between teaching and learning, than any student I know. At
the same time I run a very substantial business that involves
financing corporate entities on a worldwide basis. This includes
venture capital deals right on up to billion dollar IPO's. When I get
in a car to commute, it is usually to an airport to travel to work on
deals. I am passionate about stocks. I love what I do and will always
do it.
If you are lucky in life, you find what turns you on. If you do, go
for it. I once talked with a very old priest. He told me that in his
life, he had given the last rites of the church in excess of 500
times. He said the strangest thing he learned is that people near
death never spoke about the things they were ashamed of. They always
spoke about the things they should have done with their lives. The
fishing trips missed, or the traveling with the children they should
have done. My friend, get out there and do things. My world is a very
full world. Thanks for your question.
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I’m
not a big investor. How much money do you need to work with your ideas?
Li Q., San Francisco
| It's not about money. The sum you invest does not matter. I have a
friend who taught me a lot about wealth. He's right when he says that
it's not the size of your income that matters, it's how much you save
and can invest that matters. You must have staying power in the market
to make fortunes, and fortunes are made. My friend was in on the
ground floor of Home Depot, one of the truly great stocks of the last
generation. He had money in the private placement before it went
public. He's up 1200 times from his initial investment. Think about
this. A $10,000 investment is worth $12,000,000. We're talking 1981,
1982 here. That's one hell of a return.
Li, if you invested as little as a $1,000 you would still experience
the thrill of investing. It will also put you at risk. You must put up
real money to get experience. These people with "make
believe" portfolios are crazy. "Make believe" does not
work. I will tell you what to read, how to read it, what to ignore. By
the way, our biggest problem today is what to ignore. There is too
much information out there. We are the first generation of people to
deal with this problem of data smog, too much information that clouds
out the data that's really important.
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I’ve
been following your stuff a while. You are seldom wrong, how can this be?
Joy D., Buenos Aires, Argentina
| Hey Joy, I do screw up, but it's not often. My screw-ups occur when
I go against the grain of what I truly believe. That's when I've blown
it. The good thing is, I seldom go against my inner beliefs when I'm
recommending stocks.
If you have followed our work for a while, then you know that
StocksAtBottom.com has come up with some ideas in the fashion industry
that worked wonderfully for people who have done their homework on
these stocks. The same thing is true for the toy industry. It's not hard. I
smell the bottoms and then I analyze the financial statements to make
sure there are no surprises. By the way, when I say analyze, I don't
mean look at the Balance Sheet and Income Statement. I study them to
death, including the Statement of Cash Flows which analysts don't look
at because they were never taught how to read it. It's only been in
existence since 1988. I go right through the rigors of financial
statement analysis just like they teach in any MBA program. I also
read every footnote. Jimmy Rogers, the legendary stock picker who owns
Rogers Holdings, said 15 years ago in a class I sat in on, if you read
the Chairman's letter you do more than 90 percent of the investors out
there. If you read the financials, you do more than 95 percent of the
investors. If you read the footnotes, you do more than 99 percent. You
have to go for the edge. The edge is thoroughness of the technique.
There's a downside to this. I don't follow baseball until the end of
the season when I watch the league championships and the World Series.
I don't follow football until December. And I don't know where Buenos
Aires is. Just kidding.
Look, if you want to make big bucks, you have to study how the big
bucks are made. Willie the Actor Sutton was a big bank robber in the
United States in the 1950's. They asked him, "Hey Willie, why do
you rob banks." His response, "Because that's where they
keep the money."
Study how the big money is made and you too will seldom be wrong.
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All
the mutual funds publish statistics about how well they do, where’s your
statistics? Herbert S., Los
Angeles, California
| Here at StocksAtBottom.com we have talked about this issue more than
once. We would probably have to have everything we touch audited in
order to publish the numbers. We also don’t know how representative
it would be. You are far better off looking at our list of closed out
positions. This would give you a feel for the types of ideas we like.
If you are a subscriber, you can look at the list of the ideas we
like, and the closed out positions. This will give you a total picture
of every idea we have come up with. You do pose an interesting
question, and we continually revisit it.
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