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URL:  http://boards.fool.com/excellent-responses-as-an-investor-of-48-years-30535093.aspx

Subject:  Re: Depth of DD Date:  2/10/2013  3:31 PM
Author:  cashlessclay101 Number:  13473 of 19140

Excellent responses.

As an investor of 48 years, having two engineering degrees and a 36
year career as an analyst, I would say that the first hour or two of
DD gives you 90% of DD value.

What really counts is money management and discipline. I never short,
never overpay, will buy more if it drops, but only to a predetermined limit.

The market offers many false lessons, but also a few real ones.
For me, I never chase a fad, like green energy, a few years back.
Also, I never made money on a biotech without a product, and always
made money on a biotech with one. (There must be
a lesson there somewhere.)
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