There are two classes of investors:
Class A=>
1) They want to buy good growth companies that the nromal person on the street is not bothered about and looks at with suspicion but the potential is enormous.
2) This investoir feels that if the stock doubles from current levels his margin of safety is 50% and works on those principles
3) He is not bothered by dividends because he is here to make a long haul.
4) Most of the time he would discuss business model and managemnt and evaluate valuation on the potential rather then historical perspectives.
5) Book value means nothing to him and he feels that everything that the annual report contains is discounted in the price (to a large extent).
6) He looks for broad themes and wants to compare PE's to growth rates rather then interest rates.
7) He loves Lynch and Buffet and only respects Graham because he thinks Graham lived in vacuam (strong words to use but this is what he thinks).
8) He is interested in time bound programs and has two plans ready simmultaneously. What if stock A falls or does not perform till a certain deadline. He cannot wate time because he is trying to make it big.
9) Some of his stocks would become zero value and he knows it but he thinks that some would also rise multifold and the rest go nowhere.
10) These investors invest in companies and keep looking at them from a 3 year fast forward basis
11) They love to keep concentrated portfolis because diversification dilutes the cream.
12) They look at beta, alpha, standard deviation, chasrts, RSI, 200 DMA only for fun and discussion but never act on them.
Do not believe in class=> A investor and have their investing strategy in complete contrast (opposite) to the other type of investor.
Bottomline: Both are trying to make some money with different strategies and I am in the Class =>A category