Tuesday, December 8, 2009

Guru picks

asr: using this gurufocus and other sites to pick on the bargains ( at 20 to 40% below ) the what gurus already worked and picked should work good for long investor like 6 months to 1 year
---
Consensus Picks of Gurus
These stocks have been bought/sold by multiple gurus.

Bargains Candidates :
These stocks have been down more than 20% since our gurus bought or recommended to buy. They can be candidates for bargains. You may buy these stocks at more than 20% discount from the prices our gurus bought.


Gurus' Option Holdings
------

asr: Add this kind of list and track when it goes too cheap to add to GURU bargains.
similar way we can add from Forbes list, Kiplinger etc.. track on site and alert when it drops more than 20 to 40% for pick.


http://www.crossingwallstreet.com/buylist.html

-------------
other guru soruces

http://cxoadvisory.com/gurus/

http://www.tipstraders.com/tipster.php?tp=409&lm=20


------------

Strategies for Achieving Economic Moats
worldly wisdom

asr: in a Sense what Mr. K is doing same using levarged 'Wordly wisdom' like sentimenttrader, ATR/Stochastics , Innovanalysitcs , keep a big list of repetable tradable stocks with Stockscreen machine etc..
- Mr. K is doing the Wordly wisdom in short-term mostly with Technical/Reference/Setup analysis.



“I believe in … mastering the best that other people have figured out, [rather than] sitting down and trying to dream it up yourself … You won’t find it that hard if you go at it Darwinlike, step by step with curious persistence. You’ll be amazed at how good you can get … It’s a huge mistake not to absorb elementary worldly wisdom.”

Essentially, Munger is recommending that investors take the best that leading experts in many fields have come up with in an attempt to increase your overall level of “worldly wisdom”. This seems obvious except for the fact that few investors really seem to have taken the advice. Part of this has to do with the overwhelming amount of information available today, but it is a mistake to allow the sheer volume of information to prevent us from at least making the attempt.

No comments: