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"That may be the problem with the concept in general, of looking for a stock on the basis of a general thesis..."

It is funny that Lynch and his book are most remembered for this idea of buying what you know (before it is well known). I have found great value in Lyches book but not so much in this idea.

My preferred approach is to scan Value Line for companies with the right financial pattern as a first step. See my web site for the details on the pattern. Then dig into the long term sustainability of the business, managment etc. If you happen to stumble on a business that you know about that is great but certainly not necessary or that common. I have found almost all of the great ones (Atrion, Cass, Neogen, Genlyte etc.) in this way.

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