Forest For The Trees

I learned a nice lesson yesterday that was a personal validation for my process. While I probably don't mention this often enough, I try to find the simplest themes I can find. I also try to apply very simple logic, when possible, in deciding what stocks I buy.

Ever since the GM story evolved into its current state I have been repeating my bad news begets more bad news refrain and this has been right for a long time.

Yesterday on the RealMoney columnist conversation I asked whether at some point Kirk Kerkorian might consider selling some of his stock. After the close it was announced that he did in fact sell some.

I think this was an obvious thing to ask and I don't think it took a lot of smarts or experience to come up with this. Very simple things will repeat over and over in your investing lifetime. Heeding the simple could make for an easier go of managing your portfolio and maybe even better returns.