Friday, May 28, 2010

Practicality

In the 1970s, Tom Bailey said: "If you can't wear it and you can't eat it, don't buy it (the stock)".

I find wisdom in his sentence. There are too many dubious stocks that are not worth our investment. For Bailey's statement to stay relevant in 2010, I'm revising it to: "If you can't wear it, eat it or use it... don't buy its stock."

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