Originally posted by BBorges:
I say stick with the industries you know, look at products that will sell well in the near future, then buy the companies that make those products or the ones that supply the companies that make the product. Its easy , you just have to know what products are going to take off; razor scooter anyone?
i am not saying which way is the right way.. I just believe that sometimes some INOVATION may be the solution... who knows ?? 
I politely disagree with you BB, a lot of people have lost money NOT following the traditional path. That is they moved their money into speculative investments (read tech) instead of keeping it in the blue chips and muni bonds they had been holding for the past 25 years. The traditional path is buy and hold and I mean HOLD for years and decades. Buy smart like Buffet then hold.
It didn't help that brokerage firms lost all sense of fiduciary responsibility and didn't see the bubble for wat it was. Although they had help from every direction including companies, customers and investment banks. But this could get too long winded...
EDIT: Iknown I just read an excerpt from that book link, WOW it looks awesome. I am going to try the library though, I want to save the $50.
And I think you missed the end of our last discussion on this
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