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22-12-2010, 11:26 AM
Hi all,
I personally think there is a limit to how much Due D and scuttlebutt one can do, as sometimes it is impossible to avoid fraud or to detect that something fishy is going on. While I do agree with dydx that there are many honest businessmen just trying to make a living (and a name for themselves), there are also others who are greedy and even worse, those who are out to cheat the general public.
Analyzing financial statements and numbers alone is insufficient for us to form a complete picture. There has to be face to face interaction and also observation of corporate activities before one can make any conclusions; and even then we must leave some margin for error.
I personally think there is a limit to how much Due D and scuttlebutt one can do, as sometimes it is impossible to avoid fraud or to detect that something fishy is going on. While I do agree with dydx that there are many honest businessmen just trying to make a living (and a name for themselves), there are also others who are greedy and even worse, those who are out to cheat the general public.
Analyzing financial statements and numbers alone is insufficient for us to form a complete picture. There has to be face to face interaction and also observation of corporate activities before one can make any conclusions; and even then we must leave some margin for error.
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/