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URL:  https://boards.fool.com/i-dont-pretend-to-be-a-stock-maven-just-someone-24998162.aspx

Subject:  Re: The duck farm Date:  1/4/2007  1:41 PM
Author:  ANDROCLES Number:  200303 of 601551

I don't pretend to be a stock maven, just someone with more life and investing experience than most on this board. I've made money in the markets, I've lost my share, too. But I have tried to learn from my mistakes. My investing secrets are no secrets, more like common sense. When someone touts a stock with no capital, no profits, and questionable assets (DLKM) I mark him/her down as a charlatan. When I find a company with great management, terrific products, and strong growth (AAPL) I take the elastic band off my wallet. Lastly, I seldom believe what I read in the newspapers or hear on TV. Columnists and commentators have space/time to fill and generally have no competency in the subject under consideration. Case in point: the so-called "housing bust." The fact that sales volume is down doesn't translate into a "bust." It's housing prices that count. And the median price of a home across America either rose or remained flat in 2006. There was no bust nor will there be as long as unemployment and interest rates remain low.

For those of you who wonder about my results in 2006 I refer you to posts #171913 and #194755. Both AAPL (up 18%) and VRSN (up 10%) did well. And if you bought AAPL after July 1 (which I did...again) you did very well. I've been bullish on housing my entire life...and remain so. In my opinion, buying a house continues to be the best investment the average person will ever make provided he/she plans to remain in the house for at least 5 years. Post #197576 provides an up-to-date summary of housing prices in the most active markets in the U.S. The data is provided by DataQuick, an expert source you can trust.

Andy









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