Q:  What in the mindset of fundamental investing, or the ‘buy and hold’ strategy, doesn’t appeal to you?

A: No one wants to lose money but I think that with the ‘buy and hold’ concept, you can really be hurt in the long run if you hold the stocks for too long. It’s really tough to make sell decisions and that’s where we have a very strong discipline.

Q:  What kind of risks do you measure and how do you mitigate them? Is the price you pay a form of risk control?

A: Diversification is one way to minimize risk. Regarding the price, we usually won’t buy any stocks under $5. Every stock should have a minimum share volume traded per week. When it’s time to sell, you need the volume to support it. Of these 10,000 to 12,000 stocks that we follow, right now only about 5,000 to 7,000 are in the volume area that we will consider buying. As I said earlier, buying is important but selling is imperative. If you don’t know how to sell why buy in the first place.