I just got an e mail from New worth also, so I went and update mine. This time I was more specific, instead of saying, I have $59,000, I noted that I really have $59,934 in that catagory. My net worth rose about $12,000 this month. all my cash is going into that house we are building. In case you are wondering why houses are so high, I just paid almost $400 for 2 pieces of window trim. The marble shower was over $1500 and without a door, so far!Opps, this first line should have read NET worth, not NEW worth!
Net worth
November 13th, 2006 at 09:57 pm
November 13th, 2006 at 11:35 pm 1163460958
November 14th, 2006 at 02:05 am 1163469947
1. The companies should be soundly managed.
2. The companies have demonstrated earning capacity with a likelihood that this will continue.
3. The companies should have consistently high returns.
4. The companies should have a prudent approach to debt.
5. The businesses of the companies should be simple and investors should have an understanding of the companies.
6. Assuming that all these thresholds are satisfied, the investment should only be made at a reasonable price, with a margin of safety.
Thanks for listening! -- Jack Doueck
Jack Doueck
Stillwater Asset Backed Strategies
Stillwater Capital
November 14th, 2006 at 03:32 am 1163475162
November 14th, 2006 at 02:05 pm 1163513114
November 14th, 2006 at 04:14 pm 1163520887
Aleta