Value Line is an important investment tool that helps me find new investment ideas. Before I tell you how I use it, let me tell a fun story. Back when dinosaurs walked the earth, about 1984, I worked for a large bank trust department that managed about $2 billion. One day my old boss decided we should manage our institutional assets “using only a Value Line”, and completely eliminated the morning calls from over 30 Wall Street brokers. My boss ordered no incoming calls from Wall Street starting Monday. We tried to discuss our portfolios without the influence of Wall Street. The idea lasted only a few days because the brokers simply waited on the street corner and grabbed the portfolio managers as they entered the building in the morning. I guess we decided it was too dangerous to let institutional brokers roam the streets of Dallas, so the idea was canceled.
Thanks for your very informative newsletter. I learn a lot from your thoughtful writing