More Good Company
posted on
Feb 20, 2008 06:31PM
There is an old expression about being judged by the company you keep. It happens to be true with stocks as well. That is why people track the Warren Buffets, and those who are considered knowledgeable industry insiders , regardless of the company or industry or the flag of the particular pro. We judge these people by their actions, and attempt to follow in their footsteps. We should now regard NOT's rapidly increasing entourage of high profile players as the biggest indication of probabalistic future value and in particular the high valuation they place on NOT management. These relationships do not eliminate risk, but they tell you there is an extremely high confidence level by a growing number of high integrity pros in both management and the risk-reward fundamentals. Those who would try to cast doubt on those relationships and what they mean are either not experienced investors or have some other motivations.