Investing Tools for Investors Looking to Excel
10/21/02  

Our Philosophy- The Virtue of Humility

"Markets exist for the express purpose of ridding the world of arrogance, and spreading the gospel of humility. In only that respect are they perfect."

The purpose of studying investing styles and the history of markets is to aggregate as much evidence as you can to support your position(s). You work to provide yourself as much positive evidence across the fundamental, technical, and thematic spectrum as possible to enhance your probability of success. It is foolish to expect to be right all the time. The best investors are wrong some of the time. Investing styles go through peaks and troughs of performance. We do not want to be a one trick pony and go through long periods of underperformance.

• Our philosophy or approach is to develop as much fundamental, thematic, and technical support as possible to enhance our probability of success. 

• We are not looking for sure things, but we will not ignore issues of either a fundamental, technical or thematic nature. Staying in cash is always a reasonable alternative to proceeding into the face of a gale. 

• It takes more time to run investing ideas through thematic, fundamental, and technical screens, but it improves your odds. 

• Performance is more predicated on sector weightings than individual stock selection. 

• We believe in setting price targets based on fundamental valuation metrics and technical analysis. We also believe in setting stop losses on our positions based on technical considerations. 

• We do not base investment decisions on arbitrary turnover targets or tax considerations. 

• We very much want to avoid to "round trips" and "dead money", preferring to take our money and re-deploy into more promising opportunities. In effect, we constantly weed the garden.

• We want to avoid the mistakes investor typically make. 

• We are prepared to accept higher turnover to achieve our objectives of out-performance. 

• The market, like a wild-eyed bull, will try to shake you off your positions with whip-sawing, and other fiendish devices that will excite your emotions and shake your confidence.

• We recognize that the market can be wrong for long periods, and without a sense a stock has a promising pattern and is under accumulation, we will wait, no matter how thematically and fundamentally appealing an idea. 

Disclaimer

The information presented in this site is for your informational, educational and entertainment purposes. Investing involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. Nothing contained herein should be construed as a warranty of investment results. All risks, losses, and costs associated with investing, including total loss of principal, are your responsibility. Any advice or information contained in this site which you act on should be screened through your personal financial representative or broker. It is possible that any member of our staff will have a position in the stocks discussed within this site.

All information is the property of UOutPerform.com, OffTheGraph.com, and ChartWinners.com and should not be reproduced, copied, redistributed, transferred, or sold without the written consent of UOutPerform.com. All rights reserved.