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Patience and More Patience

This market requires patience and more patience. Identify high quality companies you want to own, determine at what price and wait. That is what I’ve been doing. Also, since profit margins are hitting all time high, the “E” in the P/E equation is very deceiving. Earnings in many cases have been tremendously overly stretched to [...]

March 3, 2008 | Posted in The Process | Read More »

Recently Commented

  • McCoy Penninger: I really enjoyed reading this.  Dead on.
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  • I Need Money: So I guess if we hear Hoenig say that “the Fed should stick to its mission as lender of last...
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