Mike Williams

Our speaker on Friday was Mike Williams, "global strategist", from New York City.  (Mike, by the way, said he would purchase 10 raffle tickets, so he won us over right away!)
Mike, a guest/colleague of John Clagett, gave us an overview of today's stock market, past and present.  His globe-spanning firm handled about 10 BILLION dollars this year, so he's a little qualified to talk about it.
Williams classified his firm as a "contrarian-value firm" in the market place . . . they buy when stocks are down and sell when they're high.  Quite a concept, eh?  Unfortunately, as he pointed out, people tend to do just the opposite, esp. in troubled times.  He told us, for example, that the "Best 10 minutes in investing" was the last ten minutes of BLACK MONDAY ~ Oct. 19, 1987.  Prices have never been that low again!
I have three pages of notes I took, 'cause he was so interesting, but no room to mention them.  Just two things Mike suggested:  1.  Buy "The Little Blue Book That Beats the Market", by Joel Greenblatt.  2.  Buy Growth and Technology today ~ people are beginning to use what's been invented for the last 20 years.  (bring him back again, John!)