Dear Vince,
As always, I enjoy your articles and they certainly add significance to my investing strategies. In response to your article "Peter Lynch's Principles", I wanted to add my "fool" thoughts as to the meaning of #10 - "Never look back when you're driving on the autobahn". As a new and inexperienced investor I always review stocks and "wish" I had bought at the 52-week low and sold at the 52-week high. Obviously, this is impossible! And, as I sometimes sit here and watch certain stocks "speeding" up the value line I convince myself to hold off and wait until they drop back down to that infamous 52-week low (speed zone ahead) and then get onboard for the next autobahn no-speed limit race. My opinion about the meaning of Lynch's Principle #10 is:
Don't look back for that speed zone...accelerate onto the autobahn at whatever entrance ramp you can and enjoy the rest of the trip. Using the autobahn for even half the trip is better than the whole trip being on a congested stop and go rural road with speed traps every 5 miles. The autobahn is for looking ahead, not looking back.
Fool on and happy investing...
Claude Strickland
yachtsman@earthlink.net