My post was too long…. so here's the last paragraph.
Think about the market as the NFL -- over time - there are teams that consistently suck -- you might live in that town and be a fan - but dude - your team sucks… always… but you still like football in general. The thing to do in the market is to pick "teams" (stocks) that are consistently DECENT -- not stars today and bottom of the pile next year…. we want to pick stuff that stays in the hunt or are always contenders. Since nobody can predict which team is going to the Superbowl… Lets pick 10 teams that have shown they are always in the hunt. Maybe none of them get to the Super Bowl this year… but maybe we get 3 teams in the playoffs… Hey! I'm okay with that. I need to go back over time to look at their history of W's vs L's… and use that to try to confirm or deny why I might pick them. Is it always 100% correct - hell no. Once in a while some team comes from the depths of despair and kicks everyones butt.. OH WELL…. I'm to looking for 100% perfection on every team - I just want guys that I can stick with even when they suck… 'cause I know in my heart that they'll turn it around (that the ownership - rather than the coach this season - the OWNER has to fire people and get the right mix - so really I'm betting on the ownership). So I'm betting on the MARKET to get it right -- and that will float all my boats… and my job is just to pick a mix of pretty decent stocks I can live with. All the analysis in the world will NEVER get me 100%. Sometimes I might have to dump a team that just can't get it together I'm okay with that. But I need to look longer than just this weeks game.
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