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Originally Posted by Robert Avila  Can one be successful by researching companies - newsletters, blogs, subscriptions to reports....and following the "picks" of current billionaires? |
That's one way of going about it, but it's certainly not foolproof. These billionaires have room to make mistakes; they can go short and if things go south they won't lose their house. Most regular grunts like you & I don't have that luxury.
From
24/7 Wall Street, March 2007:
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In the last 3-years if you buy what he [Warren Buffett] has bought on the announcement date (13D filings) you would have actually lost money.
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Remember that much of the value of stock prices often have less to do with financial fundamentals than they do with herd mentality, greed and fear.