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What I'm saying is that there is useful self preserving information available without cost or obligation on the SEC web site. I'm noting that NO STOCK goes into my portfolio without reviewing that "best available information". I'm demonstrating the method by which I review every stock that I even consider. It relates to what the author of the classic "Securities Analysis" had to say about analyzing financial statements. To the best of my knowledge and belief, GGP never qualified for purchase by any self preserving investor, had long since been a debt drunk badly mismanaged company. The kinds of evaluations that are possible with such best available information make mere "diversification" without knowledge of contents a waste of time and energy. Multiplicities of de facto bankrupt debt
drunk trash paper accumulated in a single shelter for worthless stocks have none of the value that diversification is "supposed to" provide.
I couldn't care less about quarterbacking, on Monday morning or any other time. I do care about preserving my own assets while recognizing that others aren't willing to do even the minimal "let's go see what this thing actually is" before squandering their money on trash paper. I still get regularly blind sided by criminal wrongdoing by "employees" of publicly owned companies. So I have an ample supply of KIAs when I send my troops in to the Battle for Investment Survival. But I do make some effort to avoid what I referred to as "unnecessary losses". The SEC web site is a key in those self preserving efforts.
I'll stick with the old saw that "Hindsight is 20/20". Had I sold my stock at GGP's peak in March 2007, I would have made a 163% profit on my investment .. for a short 3+ year period, not including the 6% to 9% dividends I was receiving since buying it.