Gary Halbert · whole document (80)
zflk blitzkrieg paradigm
# zflk blitzkrieg paradigm
From:
Way-West and North of Jewfish Creek
Dear
Friend & Subscriber,
This month I'm going to teach you how to beat
the stock market.
Actually, that's an understatement. With what
I'm going to teach you in this issue, you will be able... if
you so choose... to go out and slaughter
the market.
There are a zillion different ways people use
to try and buy and sell stocks at a profit. I want to begin
here by explaining to you two of them that are as opposite as
opposites can be. What I'm talking about is people who invest
for the long term and people who are extremely
short term investors.
Long
Term Investors: These people, in my opinion, have got to
be almost brain dead. Let's say you want to assemble a nice
portfolio of solid, blue chip stocks that... 20 years from
now... you can cash in to pay for your child's college
education. How could you even begin to make an intelligent
selection of companies to invest in?
Do you realize how different the world is now
from what it was 20 years ago? Or 10 years ago? Or 6 months
ago? Or, how much the world has changed just since yesterday?
Ten years ago, the most coveted piece of
office equipment in the world was an IBM Selectric Typewriter.
Nowadays, you couldn't give them away as paperweights.
Speaking of IBM, for years it was thought of
as the bluest of the blue chips. In January of 1987 you could
have bought it for around $87.00 a share. Six and a half years
later, in June of 1993, it was down to under $20.00. That must
have been a gut-wrenching feeling for all those long term,
blue chip only investors, dontcha think?