market andpick out cyclincal stocks when they were on their down cycle and sell them again when they went back up. However, now it aint happening that way and I have decided a new strategy is in order.
At coffee the other morning I was lecturing Johnny Flowers about stock market investing and informing him that I had decided a new method of approach to it was in order: buying stocks of good companies that were undervalued one way or the other. Johnny hasn't bought a share of stock in his life but he made the comment that buying deals like that seemed the smart way to go.
That same night we were watching Bill Gates and Warren Buffett on CNBC at Columbia Business School discussing investing, Keeping America Great!,.
Johny loves his computer and doesn't like Bill Gates at all. Kamaroh thinks Bill Gates leans closer to being a .... than not; but, though Warren Buffett was positive on America, and is the lesser scallywag of the pair, he won't make Karoh's Hero List.
Freshly fired up about the stock market, within days I was reading the little book "The Oracle of Omaha." In it I learned that Buffett studied under Benjamin Graham at Columbia; then worked for Graham's Investment partnership for two years until Graham shut it down. Buffett credited him with his ability to invest wisely.
But latter developed his own guidlines.
It then seemed a good idea to learn moreabout Benjamin Graham and so I bought this little book on Ebay and it turned out to be a very interesting biography of a very wise gentleman which is extremely enlightening and written in an engaging format. I recomend it totally.
