Investing is not speculating. The goal of an investment is that it should regularly return income, while at the same time offer an opportunity for capital appreciation. Prudent investing involves diversification, having a long term horizon, having reasonable goals, and managing one's investments. Here, the focus will be on stocks, but since stocks do not exist in a vacuum, anything related to them is also open for thought.
Monday, September 12, 2005
JNJ update
I am removing JNJ from my recommended list, because of the litigious environment surrounding drug stocks. Besides the general risks, there are specific risks regarding stents. Further, JNJ recently showed they didn't do due dilligence with the GDT acquisition, as GDT has some litigious risk with their products. For now, I will leave ABT on my recommended list, but it is a candidate for removal, just for the genral risk of lawsuits in the industry.
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