Go to Jeff Salisbury LWGate Home Page.From: "J. Lobatto" <jlobatto@nyc.rr.com>
Subject: Re: [CANSLIM] Reasonable Goal?
Date: Fri, 23 May 2003 22:31:09 -0400
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Additionally, he's been doing it for far more than 11 years (perhaps 40 =
years?) The magic of compounding gets far more impressive the longer you =
can maintain a high return.
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----- Original Message -----=20
From: Chuck Dreier=20
To: canslim@lists.xmission.com=20
Sent: Friday, May 23, 2003 6:47 PM
Subject: Re: [CANSLIM] Reasonable Goal?
Tomas,
Remember that W.B. was working with OPM (other people's money). =
Besides being a very smart trader in what may have been a very different =
investing environment, he began with a much larger base. Let's say you =
had 100 people coming to the table with $10,000 each - the beginning =
pool would be $1 million.
Chuck
----- Original Message -----=20
From: Tomas=20
To: canslim@lists.xmission.com=20
Sent: Friday, May 23, 2003 6:31 PM
Subject: Re: [CANSLIM] Reasonable Goal?
> Tomas,
>=20
> 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?=20
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
> from MailFrontier, Inc. http://info.mailfrontier.com
>=20
> ----- 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?
>=20
>=20
> > 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
> >
> >
> > __________________________________
> > Do you Yahoo!?
> > The New Yahoo! Search - Faster. Easier. Bingo.
> > http://search.yahoo.com
> >
> > -
> > -To subscribe/unsubscribe, email
> "majordomo@xmission.com"
> > -In the email body, write "subscribe canslim" or
> > -"unsubscribe canslim". Do not use quotes in your
> email.
>=20
>=20
> -
> -To subscribe/unsubscribe, email
> "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your
email.
__________________________________
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<DIV><FONT face=3DArial size=3D2>Additionally, he's been doing it for =
far more than=20
11 years (perhaps 40 years?) The magic of compounding gets far more =
impressive=20
the longer you can maintain a high return.</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>----------------------------------------------------<BR>This =
mailbox=20
protected from junk email by Matador<BR>from MailFrontier, Inc. <A=20
href=3D"http://info.mailfrontier.com">http://info.mailfrontier.com</A><BR=
></DIV>
<BLOCKQUOTE dir=3Dltr=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dchucknsc@mindspring.com =
href=3D"mailto:chucknsc@mindspring.com">Chuck=20
Dreier</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, May 23, 2003 6:47 =
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Reasonable=20
Goal?</DIV>
<DIV><BR></DIV>
<DIV><FONT face=3DArial size=3D2>Tomas,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Remember that W.B. was working with =
OPM (other=20
people's money). Besides being a very smart trader in what may =
have been=20
a very different investing environment, he began with a =
<U>much=20
larger base</U>. Let's say you had 100 people coming to the =
table with=20
$10,000 each - the beginning pool would be $1 million.</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Chuck</FONT></DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dtomas986@yahoo.com =
href=3D"mailto:tomas986@yahoo.com">Tomas</A>=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Friday, May 23, 2003 =
6:31=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] =
Reasonable=20
Goal?</DIV>
<DIV><BR></DIV><BR><BR>> Tomas,<BR>> <BR>> This would be an =
over=20
40% annualized return. To be<BR>> blunt, it's unrealistic<BR>> =
and=20
that's assuming that you're paying no taxes at<BR>> all on this =
money=20
while<BR>> it's compounding. This kind of return would =
make<BR>>=20
Buffet look like a 3rd rate<BR>> investor in=20
comparison!<BR><BR><BR>Jonathan,<BR><BR>I am not an expert of Warren =
Buffet's investment<BR>career (have not read the book yet), but I =
have=20
hear<BR>that he is one of the best INVESTOR. His =
company's<BR>market=20
cap currently is over $100B. If you are saying<BR>that Buffet =
should=20
consider himself lucky if he makes<BR>40% return per year, why is he =
considered to be one of<BR>the best investors? How did he make =
all=20
that money? <BR>You have to make more than 40% return to become=20
a<BR>billion(assuming you do not have a billion to invest<BR>in the =
first=20
place) Maybe he is a GREAT businessman<BR>but not a good=20
investor?<BR><BR>Just trying to understand. Consider these=20
questions<BR>as newbie =
questions.<BR><BR>tomas<BR><BR><BR><BR><BR><BR>>=20
from MailFrontier, Inc. <A=20
=
href=3D"http://info.mailfrontier.com">http://info.mailfrontier.com</A><BR=
>>=20
<BR>> ----- Original Message -----<BR>> From: "Tomas" <<A=20
=
href=3D"mailto:tomas986@yahoo.com">tomas986@yahoo.com</A>><BR>> =
To:=20
"canslim canslim" <<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
><BR>>=20
Sent: Friday, May 23, 2003 3:57 PM<BR>> Subject: [CANSLIM] =
Reasonable=20
Goal?<BR>> <BR>> <BR>> > This question is for the senior =
CS'ers. If an<BR>> > investor is 29 years old right now, =
and his=20
goal<BR>> is to<BR>> > make $2M by 40 to retire, is this a=20
reasonable<BR>> goal?<BR>> > The assumption is that he will =
start=20
with $10K and<BR>> add<BR>> > between $5-$10K capital every =
year.<BR>> ><BR>> > I understand that there are many =
factors=20
like<BR>> > - how discipline you are<BR>> > - how =
diligence you=20
are<BR>> > - how persistent you are<BR>> > - how you =
learn from=20
your mistake and<BR>> > do post analysis of your=20
trades<BR>> > - and even how lucky you are.<BR>> =
><BR>> >=20
But assumption that the investor is decently good<BR>> on<BR>> =
>=20
those factors. What is your opinion?<BR>> ><BR>> > =
Thanks,<BR>> > tomas<BR>> ><BR>> ><BR>> >=20
__________________________________<BR>> > Do you =
Yahoo!?<BR>> >=20
The New Yahoo! Search - Faster. Easier. Bingo.<BR>> > <A=20
href=3D"http://search.yahoo.com">http://search.yahoo.com</A><BR>> =
><BR>> > -<BR>> > -To subscribe/unsubscribe, =
email<BR>>=20
"<A =
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>=
;=20
> -In the email body, write "subscribe canslim" or<BR>> >=20
-"unsubscribe canslim". Do not use quotes in your<BR>>=20
email.<BR>> <BR>> <BR>> -<BR>> -To =
subscribe/unsubscribe,=20
email<BR>> "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>=
; -In=20
the email body, write "subscribe canslim" or<BR>> -"unsubscribe=20
canslim". Do not use quotes in=20
your<BR>email.<BR><BR><BR>__________________________________<BR>Do =
you=20
Yahoo!?<BR>The New Yahoo! Search - Faster. Easier. Bingo.<BR><A=20
=
href=3D"http://search.yahoo.com">http://search.yahoo.com</A><BR><BR>-<BR>=
- -To=20
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your =
email.<BR></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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Previous Article (by Date): Re: [CANSLIM] Reasonable Goal? "Rolf Hertenstein"
Top of Thread: Re: [CANSLIM] Reasonable Goal? "Jonathan Lobatto"
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