Re: Anyone want to talk stocks and retirement?
I caught a bit of Dave's radio show the other evening. Someone was calling in w/ a question about travel to see family or whatever. Anyways, as the conversation went on, Dave made the point that he likes his system to be tough, to force people from expering debt before vacations and what not, so that they can learn to live at their true minimum and feel the freedom of financial independence once they get rid of that debt.
thought of another book that I've read aside from the Peter Lynch stuff was a book called buffetology (or something like that) by Warren's former daughter in law. She allegedly takes you thru the practices that she picked up from Warren during the time she was married to his son. I don't know how true that is, but there is a lot of good stuff in there about valueing companies.
Speaking of Lynch, he often wrote about the value in finding smaller local companies that you have a feel in that have room to grow, restaurants being one of them. I'm still kicking myself for not buying Chipotle however many years ago after McDonald's spun them off and they fell into the upper 30s/lower 40s range. I thought they were a tade bit overpriced, but certainly fit all the criteria that lynch laid out years ago. Now that they sit above 300, closing in on what would have been a 10 bagger, wish I would have bought some back then. Live & learn.