Re: [CANSLIM] Reasonable Goal?

From: Tomas <tomas986@yahoo.com>
Subject: Re: [CANSLIM] Reasonable Goal?
Date: Fri, 23 May 2003 15:31:38 -0700 (PDT)

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> Tomas,
> 
> This would be an over 40% annualized return. To be
> blunt, it's unrealistic
> and that's assuming that you're paying no taxes at
> all on this money while
> it's compounding. This kind of return would make
> Buffet look like a 3rd rate
> investor in comparison!


Jonathan,

I am not an expert of Warren Buffet's investment
career (have not read the book yet), but I have hear
that he is one of the best INVESTOR.  His company's
market cap currently is over $100B.  If you are saying
that Buffet should consider himself lucky if he makes
40% return per year, why is he considered to be one of
the best investors?  How did he make all that money? 
You have to make more than 40% return to become a
billion(assuming you do not have a billion to invest
in the first place) Maybe he is a GREAT businessman
but not a good investor?

Just trying to understand.  Consider these questions
as newbie questions.

tomas





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> 
> ----- Original Message -----
> From: "Tomas" <tomas986@yahoo.com>
> To: "canslim canslim" <canslim@lists.xmission.com>
> Sent: Friday, May 23, 2003 3:57 PM
> Subject: [CANSLIM] Reasonable Goal?
> 
> 
> > This question is for the senior CS'ers.  If an
> > investor is 29 years old right now, and his goal
> is to
> > make $2M by 40 to retire, is this a reasonable
> goal?
> > The assumption is that he will start with $10K and
> add
> > between $5-$10K capital every year.
> >
> > I understand that there are many factors like
> > - how discipline you are
> > - how diligence you are
> > - how persistent you are
> > - how you learn from your mistake and
> >   do post analysis of your trades
> > - and even how lucky you are.
> >
> > But assumption that the investor is decently good
> on
> > those factors.  What is your opinion?
> >
> > Thanks,
> > tomas
> >
> >
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