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Investment Analysis Clubs / Foolish Collective
|Subject: FAQ, ver. 3.142857||Date: 3/16/2005 7:39 PM|
|Author: pkrfan48||Number: 37192 of 46903|
Foolish Collective FAQ
I've decided to attempt to write an FAQ, I'll probably leave a lot of stuff out, so if you need to add anything please do.
Also most of the FAQ is take from Admiral's FAQ.
1. What is the Foolish Collective and what is its mission?
It is a true Collective of Fools learning how to research companies and build an investment portfolio(s) together. It is a subset of The Motley Fool and accordingly the Foolish Collective's overall mission is to help TMF “Educate, Amuse and Enrich”. It is respectful, tolerant, nurturing and inclusive of all persons and ideas. It welcomes both experienced and beginner investors alike. It particularly encourages beginners to become involved in a safe environment. It also encourages all to have some fun in their research and online relationships with each other.
2. How did the Foolish Collective get its name?
The Foolish Collective originated as the RM Seminar Grads March 2001 board. At the beginning it started much like many seminar boards as a place to continue seminar homework and research. It then became more organized with several Fools setting the tenor and standards for posters on the board. Not wishing to discourage those Fools who had not taken the RM Seminar and to differentiate ourselves a little from other seminar grad boards we came up with the name Foolish Collective RM March 2001. The “RM March 2001” had to be included to conform to TMF guidelines. Here is a post by Tom (1000) explaining the reasons for the name change.
http://boards.fool.com/Message.asp?mid=15418732&sort=recommendations On 22nd November 2002 we became simply the “Foolish Collective”
3. What are the Learning Objectives of the Foolish Collective?
Goal 1. To establish a growing network of friends that through co-operation increases our Collective knowledge in general and investing knowledge in particular.
Goal 2. To record that knowledge in such a way that is easily accessible and available for future learning.
Goal 3. To increase our net worth, both as a Collective and through our own individual investments and to learn to do so whilst minimizing risk.
Goal 4. To learn to use different investment strategies to achieve goal 3. These may include TMF RuleMaker (RM), TMF Rule Breaker (RB), TMF Foolish 8 Smallcap, Stock Selection Guide (SSG), Fisher 15 point analysis or any other strategy that may assist us in our learning.
Goal 5. To Collectively assist each other in understanding and/or applying anything that is relevant to our learning in the investment field.
Goal 6. To never