Go to Jeff Salisbury LWGate Home Page.From: "Fred Richards" <ffradrich@attbi.com>
Subject: RE: [CANSLIM] Why Professionals go astray
Date: Tue, 3 Sep 2002 21:23:58 -0500
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Over 40 years ago, I started on the Street to become a security analyst.
Fortunately, I had some great mentors and teachers as well as a bible,
"Graham & Dodd's Security Analysis." Needless to say, I am still learning .
. . Katherine has a unique insight into the market and what makes it tick.
And Tom is not pulling your leg! Take the time to learn by going to the
archives and studying. To be a successful investor takes patience,
discipline, research, and sometimes, luck. O'Neil's books are very good and
complement my fundamental Security Analysis bible. Every year, I try to
read all of WON's books as well as other books on investing.
Results of any investing philosophy including CANSLIM can vary widely
between individuals because they are subject to different moods,
interpretations of data, risk/reward tolerances, and sometimes, just plain
luck!
If you have $75,000 per quarter to spend (I think that is what the cost of
those analytical studies were), you might be still able to get the maroon
books that Tom mentioned. Tom's position that WON's results beat the
indices is correct and often by a large margin.
For years, WON and others including myself have used CANSLIM along with
other filters to invest in the market. All I will say is that we ain't
broke yet! And in both WON's and my case, we started with very little.
CANSLIM is just a foundation upon which some investors build their investing
history, using what is good, throwing away those aspects that don't seem
compatible with your individual investing style, and adopting portions of
investing techniques from others.
One of the keys to CANSLIM is that if you followed the rules, you would have
found it extremely difficult to find stocks to invest in during the past two
years and might have gotten out of the market entirely. As I travel around
and listen to investors, the last two years have not been particularly easy
on their pocketbooks.
Here's wishing you success!
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Cwyndham@aol.com
Sent: Tuesday, September 03, 2002 8:49 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Why Professionals go astray
In a message dated 9/3/2002 7:35:47 PM Central Daylight Time,
stkguru@bellsouth.net writes:
Katherine, as late as 1992, I still had access to the big maroon books
with
five year, log charts from WON services. In the front of those books was
a
20 or so year chart of his picks vs the major indexes, along with yearly
performance compared to those same indexes
.
Tom, What I see here is that 10 years ago you saw a 20 year old chart. I
don't understand what I'm missing. If the data is good why don't they
publish it. It's hard to be told that everyone in the business is bad and
the numbers are no good but when I ask a direct question I get "you just got
to believe."
Again, are you folks pulling my leg?
Wyndy
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<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2>Over=20
40 years ago, I started on the Street to become a security=20
analyst. Fortunately, I had some great mentors and teachers =
as well=20
as a bible, "Graham & Dodd's Security Analysis." Needless to =
say, I am=20
still learning . . . Katherine has a unique insight into the market and =
what=20
makes it tick.</FONT></SPAN></DIV>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2> <SPAN class=3D270310402-04092002><FONT face=3DArial =
color=3D#0000ff=20
size=3D2>And Tom is not pulling your leg! Take the time to learn =
by going to=20
the archives and studying. To be a successful investor takes =
patience,=20
discipline, research, and sometimes, luck. O'Neil's books are very =
good=20
and complement my fundamental Security Analysis bible. =
Every=20
year, I try to read all of WON's books as well as other books on=20
investing. </FONT></SPAN></DIV></FONT></SPAN>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2>Results of any investing philosophy including CANSLIM can vary =
widely=20
between individuals because they are subject to different moods, =
interpretations=20
of data, risk/reward tolerances, and sometimes, just plain=20
luck!</FONT></SPAN></DIV>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2>If you=20
have $75,000 per quarter to spend (I think that is what the cost of =
those=20
analytical studies were), you might be still able to get the maroon =
books that=20
Tom mentioned. Tom's position that WON's results beat the indices =
is=20
correct and often by a large margin.</FONT></SPAN></DIV>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2>For=20
years, WON and others including myself have used CANSLIM along with =
other=20
filters to invest in the market. All I will say is that we ain't =
broke=20
yet! </FONT></SPAN><FONT face=3DArial><FONT size=3D2><FONT =
color=3D#0000ff><SPAN=20
class=3D270310402-04092002>And in both WON's and my case, we started =
with very=20
little.</SPAN></FONT></FONT></FONT></DIV>
<DIV><FONT face=3DArial><FONT size=3D2><FONT color=3D#0000ff><SPAN=20
class=3D270310402-04092002></SPAN></FONT></FONT></FONT> </DIV>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2>CANSLIM is just a foundation upon which some =
investors build their=20
investing history, using what is good, throwing away those aspects that =
don't=20
seem compatible with your individual investing style, and adopting =
portions of=20
investing techniques from others.</FONT></SPAN></DIV>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2>One of=20
the keys to CANSLIM is that if you followed the rules, you would have =
found it=20
extremely difficult to find stocks to invest in during the past two =
years and=20
might have gotten out of the market entirely. As I travel around =
and=20
listen to investors, the last two years have not been particularly easy =
on their=20
pocketbooks.</FONT></SPAN></DIV>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D270310402-04092002><FONT face=3DArial color=3D#0000ff =
size=3D2>Here's=20
wishing you success!</FONT></SPAN></DIV>
<BLOCKQUOTE>
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of=20
</B>Cwyndham@aol.com<BR><B>Sent:</B> Tuesday, September 03, 2002 8:49=20
PM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> Re: =
[CANSLIM]=20
Why Professionals go astray<BR><BR></FONT></DIV><FONT=20
face=3Darial,helvetica><FONT lang=3D0 face=3DArial size=3D2 =
FAMILY=3D"SANSSERIF">In a=20
message dated 9/3/2002 7:35:47 PM Central Daylight Time, =
stkguru@bellsouth.net=20
writes:<BR><BR>
<BLOCKQUOTE=20
style=3D"PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px =
solid; MARGIN-RIGHT: 0px"=20
TYPE=3D"CITE"><BR>Katherine, as late as 1992, I still had access to =
the big=20
maroon books with<BR>five year, log charts from WON services. In the =
front=20
of those books was a<BR>20 or so year chart of his picks vs the =
major=20
indexes, along with yearly<BR>performance compared to those same=20
indexes</BLOCKQUOTE>.</FONT><FONT lang=3D0 style=3D"BACKGROUND-COLOR: =
#ffffff"=20
face=3DArial color=3D#000000 size=3D2 =
FAMILY=3D"SANSSERIF"><BR><BR></FONT><FONT lang=3D0=20
style=3D"BACKGROUND-COLOR: #ffffff" face=3DArial color=3D#000000 =
size=3D2=20
FAMILY=3D"SANSSERIF">Tom, What I see here is that 10 years ago =
you saw a=20
20 year old chart. I don't understand what I'm missing. If the data is =
good=20
why don't they publish it. It's hard to be told that everyone in the =
business=20
is bad and the numbers are no good but when I ask a direct question I =
get "you=20
just got to believe."<BR><BR>Again, are you folks pulling my=20
leg?<BR><BR>Wyndy<BR><BR></FONT><FONT lang=3D0 =
style=3D"BACKGROUND-COLOR: #ffffff"=20
face=3DArial color=3D#000000 size=3D2=20
FAMILY=3D"SANSSERIF"><BR><BR></BLOCKQUOTE></FONT></FONT></BODY></HTML>
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