in search of disaster can be very profitable. When I really...

in search of disaster can be very profitable. When I really started taking an interest in ACR it’s shares were around $4. Didn’t buy any. But then the Axrion troubles. ACR is a company that was very successful then disaster struck, question was can this be rectified. If this was a standard commodity coy I wouldn’t have touched it. I like it’s business model where ACR develops drugs and licenses that drug to companies that carry the marketing, distribution , has sales teams and the costs. It’s that business model that allowed ACR to make money. High ROE, High Profit Margins and no debt. It’s not easy to go against conventional wisdom. But if you can come to a decision, stick to it ( provided the facts have not changed), not be swayed by what you hear or read something good will happen. Our desire for quick results, results in making rash decisions. As John Maynard Keynes once noted “ being far before your time is indistinguishable from being wrong” but time is the essence. Eugene Farma (Farma Articles) noted the best chance to achieve outstanding gains in a stock is after 3-4 years sometimes longer. Seeing how most are day traders that wipes out most getting the big bucks. Theres this poem by Rudyard Kipling that’s my favourite. “ If “