No. of Recommendations: 3

And my next thought was, how do you do double-blind investing? Strip the names and industries off companies, and just look at the numbers?

That is in fact what 80 to 90% of my work is. When I find a company (any company, any industry) that looks good by the (regressed) numbers, the remainder of the due diligence is simply looking for the absense of major problems (such as SEC investigations, management fraud, death spiral sales) as opposed to the presense of deep moats, competitive advantages that will endure, management that can walk on water, etc. The only thing I use "industry" info for is to make sure I keep some diversification.

Sold my CMTL today for a 26% gain from its purchase on 4/27. I have no idea what they do, except they floated to the top of the technology sector, as noted here: and I couldn't find any "dirt" on them. (I actually bought in my personal portfolio before they reached the "top" of the heap, because I already owned what was currently at the top.)


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