Sounds like I really need to move into your shop, so i can use your tools and then you can advise me on stocks while I live there. sound good? I will agree with you though you have to be in it to win it with stocks, sort of like a marriage.
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Originally Posted by GregWeld
100% agree with you here Todd!
RE: Chipotle Mexican Grill and similar stocks that are "priced for perfection" or have HUGE P/E Ratios they MUST grow in to... Just look at Amazon (AMZN) today. This is why - as much as I'd like to - I don't own them. You absolutely get murdered IF -- always the big IF - ANYTHING happens along the way that the street doesn't like. Instantly taken to the woodshed!!
Once in awhile I'll bite on a "big / fast growth" name.... I'll do this is tiny way (relatively) and I'll flip it if I get lucky... sometimes I win - sometimes I loose. I don't mention that stuff here because it's not pertinent to THIS thread. So I'm not against growth stocks and in fact think that you young guy SHOULD own them - because even if they hiccup - if the fundamentals are there - then long term the growth "should be" too. But in the meantime it can be ugly.... so you have to have the guts AND conviction to hold this stuff and or average down (what I'd be doing this AM if I owned Amazon). Just look at NetFlix (NFLIX) when the CEO did a major faux pas... if you were smart enough (do ya feel luck, punk?) to buy that one... I wasn't - but a friend that's on their board did... and he's absolutely killed it!
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