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Author: chk999 Big red star, 1000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8116  
Subject: Re: Poll: Views on CAPS Date: 10/3/2006 11:42 PM
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CAPS is what you make it.

It could be just a stock picking contest.
It could be a multi-node neural network that is being trained to pick stocks. And we are the nodes.
It could be a place to hang out and learn from some really smart people.
It could be a place to put some real brain sweat in as you practice Graham style security analysis.
It could be a complete waste of time.
It could be a very subversive psychological experiment looking at re-norming and how it affects behavior.
It could be an attempt to set up something talked about in the John Brunner science fiction novel "Stand on Zanzibar".

What I am doing with it is the investing version of the
"We need a montage" scene from Team America. This is a way to get
years worth of very expensive real money experience without having to
spend an extra dime. So for the montage we cue scenes of Chris
looking at financial details and rumpling his hair. At first all the
scores are negative, but as we cut through shot after shot of Chris
running stock screens and digging into cash flow statements the
scores begin to rise. I'm still not at the end of the montage and
able to do back flips while firing accurately with both hands, but
there has been improvement.

The big thing I've learned lately is to wait for the fat pitch.
Don't chase mediocre investments, wait for the really good one and
then give it a mighty whack. (There are a few loser stocks I've bought
that I wouldn't have if I'd understood that one.)

Chris - not at the Jesse Livermore stage yet, but he had a really cool house
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