| Jim Slater |
| I didn't lose any friends after after the crash, because I didn't have any that were just friends because of my position. I wasn't on the cocktail party circuit, so there was no denouncement. |
| There was no doubt that I had begun to believe some my own publicity. I was constantly reading in the newspapers how clever I was and on many occasions being referred to in the City pages as 'the master'. It was very heady stuff and without doubt it affected me. |
| If Graham was alive today, he might argue that you should simply withdraw from the market for a few years until conditions arise which offer you value for money that you are seeking. Graham might be right, but my problem is that I would get so bored waiting. |
| I like the directors to own a number of shares substantial enough to give the 'owner's eye', but not so many that they have control, can sit back and could at some stage block a future bid. I like to see a good cross-section of the directors with reasonable shareholdings and I always worry if the Finance Director is not among them. |
| There are few worse investments than a growth share going ex-growth. |
| Elephants don't gallop. |
| In a crowded room, you only have to see one inch above everyone else to notice things that others will miss. It is this extra inch the active investor is trying to achieve. |
| Start with the basics, select a system, work at it, read regularly, monitor results and keep striving to improve. |
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