An Excellent Article

Posted on May 15, 2006 , filed under Stocks | Print This Post

I read an excellent Motley Fool article extoling the virtues of patience in the market and in picking solid companies.

Here is a quote from the article:

“We constructed the Simpleton Portfolio,” Tom said, “to demonstrate to readers that if you find companies with superior economics, outstanding underlying financials, and great growth prospects, the real challenge is to be patient. If every Motley Fool member learned to think in decades rather than quarters, we would have a lot more Motley Fool millionaires in 2010, 2020, and 2030.”

So spend more time outside, at the mall, or on the couch watching the Stanley Cup playoffs. Just stop — yes, right now! — poring over an endless pile of financial reports. (Unless, of course, that’s really how you want to spend your time.)

If Tom really constructed the portfolio in advance of the July 7th, 1995 date the performance of the Simpleton portfolio is simply amazing. Congratulations to Tom and his stock picking ability.

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