Dykstra: Winning Formula

Stock quotes in this article: JEC , AGU , COG , MAT , GE , JNJ  

As in baseball, the right moves in investing often involve gut feelings and some element of luck. Nonetheless, what transpires prior to the game cannot be underestimated. A great deal of time is spent analyzing opponents' strengths and weaknesses, their tendencies, and how to take advantage of them. Similarly, I spend inordinate amounts of time researching stocks prior to making my picks. Just as I did in baseball, I pride myself in my preparation, which leads to having an edge.

I am just as disciplined in my investment strategy as if I was a leadoff hitter. On many occasions, I fouled off pitches, staying alive, until I could get my pitch. I worked the count to put myself in the best position to get a hit. This means get the count in a predictable situation. Witness my stats in 1993: I led the league in runs, hits, walks and at-bats. Remember, walks do not count as official at-bats, thereby making this a record for the ages. That's exactly what I do as an investor: prepare vigorously, work the market, create the opportunity, and pounce on it!

Life is a journey, enjoy the ride!

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At the time of publication, Dykstra was long Mattel, although holdings can change at any time.

Nicknamed "Nails" for his tough style of play during his Major League Baseball career, Lenny Dykstra was an integral member of the powerful Mets of the mid-1980s and the Phillies of the early 1990s, including the world champion 1986 Mets squad.

Today, Dykstra manages his own stock portfolio and serves as president of several of his privately held companies, including car washes; a partnership with Castrol in "Team Dykstra" Quick Lube Centers; a state-of-the-art ConocoPhillips fueling facility; a real estate development company; and a new venture to develop several "I Sold It on eBay" stores throughout high-demographic areas of Southern California.





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