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, I cannot but help wonder if he has just seen the future a little earlier than the others and he may, indeed, be one of the first to see a return to days of value investing. I will still be hanging on his every word.

The first time I heard from the Fools, they were on one of the financial shows on the tube, wearing those funny hats. I enjoyed the way they made fun of investment advisors and market pundits. Having watched financial shows for some years, I already had come to believe (as noted by the Fools) that none of the pundits knew anything about what they were talking about. Market pundits use the circular theory of investment advising. If the market is going up, the advisors suggest that you either invest (because the market will continue to go up) or to sell (because the market is about to go down). If the market is going down, the advisors suggest that you either invest (because the market is about to go up) or to sell (because the market will continue to go down). I think this is why investment cycles are called "cycles." The brokerage houses are the worst. All these folks want is to generate fees. Most investment news letter are nothing more than a solo advisor's shot at the big time. In the end, an investor can do no better than to buy and hold, as suggested by the Fools in the funny hats.
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