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Author: Haggy One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3812  
Subject: Ye have little faith Date: 12/13/2013 1:51 PM
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My dumbest investments weren't really in bad companies. But they were in companies where I wasn't sure where they were going and misjudged.

One such company was HBOC. I felt comfortable that I understood where they were going, and that there was plenty of room for growth and profit. Then they issued a restatement of earnings, as it turned out that what they had previously reported contained significant errors. I felt that what I based my decisions on was flawed and sold at a loss.

The second was in a supermarket chain that I liked, but when I didn't see the price going anywhere after I thought I gave it a fair shot, I got out. I don't remember if I sold it at a loss or a nominal gain, since it was years ago.

As some of you know, HBOC became McKesson HBOC, and is now simply McKesson. The supermarket was Whole Foods.
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