Warren Buffet has a remarkably simple idea – instead of speculating, why not go to the company and sniff out the truth?
It seems he may be on to something.
Well of course investing is not my field, but teaching is.
So what do we learn from this?
As I recently read one analyst say about the Euro “they will keep on kicking the can down the field but the fundamentals are not right.”
The same thing is in life, we can either be investors “kicking the can down the field” hoping for some kind of giant windfall (only trouble is, after four thousand years of hindsight – after every gain also comes a loss) or we can change strategies – we can think – we can sniff – we can analyze!