Future Prospect EXL, page-2

@Schymng. Good in many ways. You made a loss on your first investment. Now study and see where you went wrong. One learns more from one' defeats than one's victories. I did the same all those years ago, on Claremont Petroleum.

1. CEOs are always optimistic. So was Claremont's.

2. They EXL "sold" those businesses for a pittance.

Read through the history of the loss of the Japanese arm of the company. The Australian debacle near Mullumbimby, and so on, ad infinitum. The manglement of EXL have obviously been road-testing far too much of their own product, and I don't mean the CBD stuff.

Welcome to the Bourse mate. Assume 90% of the people are out to swindle you, and you will not be far wrong.

3. Don't follow, "mate's recommendations" or 99% of HC's.

4. Never commit more than 10% of your capital to any one investment.

5. Even when you are sure of a stock keep studying. There is always something you have not seen.

6. Most mangers entrepreneurs and the like are either fools, crooks, or knaves. And I don't think they are fools.

Welcome to the swamp my friend.

Regards....Marum Katze