Happy Valentine’s Day!
We all know there’s more to this stock selection and portfolio design stuff than simply grabbing a few of Cupid’s arrows and flinging them at a stock table and going with the tickers where the projectiles land.
During last night’s session, we briefly mentioned the anecdotal long-term success of investment club-based portfolios and some legends named Lynch (Fidelity Magellan) and Buffett (Berkshire Hathaway) and another venerable citizen of Graham-and-Doddsville named Walter Schloss. We might think about spending a few moments with Mr. Schloss this weekend. Why? Because he selected stocks and managed his portfolios the same way that you and I do.
We might also tip our Valentine derby in the direction of one George Nicholson, Jr. — regarded as the grandfather of the modern investment club movement and originator of our stock analysis process. His gift, a reminder about PATIENCE and DISCIPLINE, combined with a laser focus on the characteristics of growth, profitability, quality/valuation and an emphasis on trends is the stuff that superior performance can be centered on.
If you want to spend a few moments with an oldie but goodie, our presentation (video) on Searching For Stocks In All The Right Places covers many of our favorite resources and provides an overview of our StockSearch tool.