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Old 7th June 2005, 07:15 PM
La Mer La Mer is offline
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Join Date: Jan 1970
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This is a most interesting thread and thanks go to Maverick and Privateer & others for making it so.

However, there appears to be some confusion (maybe it's just me) between ratings and selections.

As I understand it by reading Privateer's offerings, he/she has done the hard yards in his/her research and come up with a set of criteria which is important in his/her SELECTION process, on which an investment is made when that criteria is met.

Others have mentioned various factors in a broader sense, more ratings (Scott methodology etc) then determining selections.

Personally, my methodology is ratings based looking at (perceived) value accordingly and my advice is similar to that of Privateer's, there are some factors that are of importance and some less so and there is no real need to include those factors at the margin as the addition of such factors add very little to the bottom line.

Unlike Privateer, I've found that beaten margin is more important than finishing position but I agree that API (top 4) is a significant factor, particularly earning in the last year or two. Concentrate on the major four, five or six factors and the result should be a sound ratings based process.
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